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Ms. Gibbs, the first woman to lead the magazine, said she would stay at Time Inc. through the end of the year to help with the transition.
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Wall Street stocks are poised to slip back from all-time highs Wednesday, as investors cast about for catalysts that could breathe new life into the recent rally.
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Apple's new lineup of products is exciting -- but it is not what we want from Apple. It is time for Tim Cook to shake things up.
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For a $2,999 price point, you might wonder -- is the Microsoft Surface Studio desktop really worth it? I tested one recently and found myself being drawn to a few important features that made it worth the high price even compared to similar models from Dell and even Apple.
1. Incredibly high resolution
This was one of the surprises for me, because I sometimes don't like extremely high-res displays. They might be clear, but the color quality sometimes suffers. And, in some cases, the extra resolution doesn't really help with detail work in Photoshop and other apps because you don't really notice the difference. The Studio uses a resolution of 4500 x 3000 pixels, and believe me, you notice. For photos, I was able to zoom in and make fine adjustments to pixels in ways I couldn't do on any laptop or on my normal 2K resolution display. Even normal Word documents looked better on the Studio's display without any jagged text.
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Time Inc. announced Tuesday that Nancy Gibbs is stepping down as editor-in-chief of Time magazine at the end of the year. A successor is expected to be named soon, Time said. Gibbs has spent 32 years working at Time, including four as the magazine's first female editor-in-chief. Gibbs is credited with revamping Time's digital operations that has doubled the magazine's overall audience under her tenure. "Nancy successfully ushered Time into a new era," the company said in a statement. "She is leaving Time in a strong position, with the biggest audience in its history and more innovations ahead." Gibbs said she's "grateful for every single day I've spent at Time, but it's time for another chapter." Time shares are down 4% in the past three months, and down 25% year to date, compared to the S&P 500's gains of 3% and 12%, respectively.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Time editor-in-chief Nancy Gibbs said Tuesday that she is stepping down, ending a 32-year-run at the magazine. She will remain there until the end of the year.
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Income for the average American household reached a new high last year for the first time this century.
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