Microsoft drops Windows XP support

CNNMoney: Microsoft Corp. ended support of Windows XP on Tuesday, leaving the many still clinging to the outdated software exposed to cyberattacks. The operating system is now 12 years old, so Microsoft is no longer providing security updates that patch holes in the software. The danger now is that hackers who find bugs in XP will be able to exploit them freely.

 

GM to invest $450 million in two Michigan plants

Reuters: General Motors Co. is expected to announce on Tuesday a $450 million investment plan in two of its Michigan plants to bolster its electric car research and production capabilities, the Detroit News reported, citing people familiar with the matter. The investment is expected to add 1,400 jobs, and it will be divided between GM's Detroit-Hamtramck assembly plant and Brownstown township battery assembly facility in Michigan, the newspaper said.

 

Time Inc. to raise $1.4 billion in debt for spinoff

Bloomberg: Time Inc., the publisher of People and Time magazines, said it will raise $1.4 billion in debt as part of its planned spinoff from Time Warner Inc. this year. Time Inc., which also publishes Sports Illustrated and Fortune, said it will use the proceeds to fund the acquisition of Time Inc.'s U.K. publishing business, which is currently owned by a unit of the parent company, according to a statement today.