NBA hires local Microsoft boss to lead China push
BEIJING (Reuters) – The National Basketball Association has hired the head of Microsoft’s China operations to lead a new push into a country that is already its largest market outside the United States, the league said on Wednesday.

Source: feeds.reuters.com

Fed slashes interest rates to buffer economy
WASHINGTON (Reuters) – The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty half-percentage point in a bold bid to shield the economy from a housing slump and financial turbulence, sparking a big rally on Wall Street.

Source: feeds.reuters.com