Microsoft (MSFT) is signalling the end of its Nokia experiment, cutting as many as 1,850 smartphone jobs and taking a charge of $950 million. After acquiring Nokia's phone business for $7.2 billion two years ago, Microsoft in 2015 wrote off $7.6 billion and cut 7,800 jobs. (The Verge)
Hewlett Packard Enterprise (HPE) reported earnings that met expectations and announced a spinoff of its enterprise services unit, which will merge with Computer Sciences (CSC). Shares of Computer Sciences surged nearly 30 percent in the premarket, while HPE gained about 10 percent. (CNBC)
Apple (AAPL) is developing a Siri-based rival to Amazon's Echo home assistant, according to The Information. Apple is also said to be preparing a software developer kit so that app developers can create their own Siri-powered apps.
Alphabet's (GOOGL) Google unit has unveiled changes to its advertising business, which will bring bigger ads atop search results. Google also plans to expand ads on its maps service, with companies buying what's called promoted pins. (The Verge)
Billionaire venture capitalist Peter Thiel funded Hulk Hogan's high-profile legal case against Gawker Media, Forbes reported. Earlier this week, Gawker's founder told the New York Times he suspected Hogan's lawyer was being paid by someone else.
The House Homeland Security committee holds a hearing today to try and come up with legislation to address the increasingly long lines facing travelers at airport security checkpoints. The TSA's top security officer was fired Monday. (USA Today)
A new survey of people with Obamacare insurance or Medicaid shows relatively high levels of satisfaction with their coverage, as proposed insurance prices for 2017 start to come out. But those levels were lower than results of a similar poll last year. (CNBC)
CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks. (AP)