A group of videogame testers has formed Microsoft's first labor union in the U.S., which will also be the largest in the videogame industry. Read More...
Reuters
Amazon secures $8 billion term loan
The term loan will mature in 364 days, with an option to extend for another 364 days and the proceeds would be used for general corporate purposes. “Given the uncertain macroeconomic environment, over the last few months we have used different financing options to support capital expenditures, debt repayments, acquisitions, and working capital needs,” an Amazon spokesperson told Reuters in a statement. Amazon had about $35 billion in cash and cash equivalents and long-term debt of about $59 billion at the end of the third quarter ended Sept. 30.
