Investing and Transactions

Apple to cut back on hiring; Microsoft takes on homelessness

Morning Business Outlook: Apple will reportedly cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter; Microsoft announces it is pledging up to $500 million to address homelessness and help build affordable housing in the Seattle area.

Netflix is raising prices again; CVS and Walmart split over prescription drugs

Morning Business Outlook: Netflix is raising prices again, the company's biggest increase since the launch of the streaming service 12 years ago. The hike will take effect immediately for new subscribers while existing customers will see the increase on their bills over the next few months; Walmart announces it is leaving the CVS Caremark network following a disagreement over higher reimbursement rates.