Business News: Malaysia Airlines cuts staff

(CBS)- Malaysia Airlines is cutting about thirty percent of its staff.  The airline announced it's slashing six thousand workers to try to revive its brand.  Now the government will control all of the airline.  It's all part of a re-structuring plan after two plane disasters this year. One plane disappeared over the Indian Ocean, another was shot down over Ukraine.

(CBS)- Ford Mustang is going global! For the first time in its 50 year history, the Mustang will be available to customers in more than 120 markets around the world, including the United Kingdom, Australia and South Africa.  Ford kicked-off the start of production yesterday.  Ford marked the 50th anniversary of the original Mustang in April.


(CBS)- Mark your calendar Apple fans.  The iPhone and iPad maker will show off its newest products on September 9th.  This year's gathering is expected to unveil the release of an iPhone with a larger screen than the 4 inch one, that is currently used.  Some speculate Apple may even showcase a smartwatch.


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