Microsoft to cut 18,000 jobs, Barbie sales slump, Volkswagen considers Fiat-Chrysler deal

THE FORTUNE DAILY Thursday, July 17, 2014

Microsoft to slash 18,000 jobs over the next year The software giant says it will trim its workforce by roughly 14%, a substantial move to cut jobs as people and businesses shift more computing chores to the Web, tablets and smartphones.

Will technology replace the workforce? Fortune's Jessi Hempel and Andrew Nusca discuss the hot talking points of the 2014 Brainstorm Tech conference in Aspen, Colo.

Mattel's profit drops as sales of Barbie dolls slump The world's largest toy maker has reported a 61% drop in second-quarter profit.

Volkswagen eyes cracking U.S. market through Fiat-Chrysler The German giant aims to tackle long-term problem of selling its cars stateside after a drop in market share.

HP: It's tempting, but don't select Meg Whitman as your next chair Turning Meg Whitman into a chair-CEO would be a big mistake. She needs to focus on her role as chief executive of the tech giant.

By Laura Lorenzetti Murdoch's Time Warner bid would be second-largest media deal ever Mogul is willing to shell out the big bucks to seal the deal, and the wheeling and dealing may be far from over.

By Erin Griffith Rent The Runway unveils a Netflix subscription for your closet Customers can lease clothing by mail to avoid spending money on fashion that goes out of style.

By Phil Wahba More bad news for retailers: back-to-school sales expected to dip Back-to-school expected to be tough not just for kids, but for stores, too.

June U.S. home construction slowed down, but don't freak out

Morgan Stanley's profit more than doubles

Europe 2Q earnings highlights: SAP lifted by Cloud billings

Philip Morris profit drops 13% on lower shipments

This message has been sent to you because you are currently subscribed to The Fortune Daily Unsubscribe here. Please read our Privacy Policy, or copy and paste this link into your browser: http://www.fortune.com/privacy For Further Communication, Please Contact: FORTUNE Customer Service 3000 University Center Drive Tampa, FL 33612-6408