The Traderszone Network

Software giant says it expects to book a charge of $1.1 billion to $1.6 billion.
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Company to cut up to 18,000 jobs as it moves to integrate Nokia business with broader strategy.
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Two years of uninterrupted gains in U.S. stocks are sowing anxiety among financial professionals, with three in five saying the market is on the verge of a bubble or already in one, the Bloomberg Global Poll found.

Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and mobile-friendly software company. What could be the deepest job cuts in the company’s 39-year history come five months into the tenure of Chief Executive Officer Satya Nadella, who outlined plans for a “leaner” business in a public memo to employees last week.

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Illinois is the first state to sue companies that allegedly duped indebted college graduates into paying for student loan services they could have easily gotten for free.

To Warren Buffett, it is the one area where he says his investing track record is “awful,” “pretty bad” or “really bad.” Berkshire Hathaway Inc.’s tiny gaggle of retail businesses—from See’s Candies to Ben Bridge Jeweler and Nebraska Furniture Mart—gets little attention from investors and analysts, and the companies are profitable. At Berkshire’s annual meeting in May, Mr. Munger singled out the retail business as one under threat. The 83-year-old, who built Berkshire, based in Omaha, Neb., into a behemoth with $316 billion in market value, declined to comment.

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The GOP-controlled House passed a $20 billion measure Wednesday that would slash budgets for enforcing tax laws and new financial regulations, and a healthy food initiative that’s a pet cause of first …