Microsoft founder Bill Gates and New York Mayor Michael Bloomberg are pooling their piles of money and pouring $375 million into a global effort to cut smoking.
The billionaire philanthropists, who have a combined worth of more than $70 billion, said Wednesday that the money will go toward efforts in developing countries where tobacco use is highest. There are more than 1 billion smokers worldwide.
d catalyze a global movement of governments and civil society to stop the tobacco epidemic," Bloomberg said in a statement.

By Donald G. McNeil Jr. Bill Gates and Mayor Michael Bloomberg of New York announced Wednesday that they would spend $500 million to stop people around the

By Elizabeth MacDonald The New York Times - fell as low as $12.38 this morning after its second quarter earnings missed estimates. Profits plunged 82% to $21 mn versus the $118 mn posted in the same period a year ago, a period that was helped along by the one-time sale of an asset.
The share plunge is the lowest since July 1995.
t of its corkscrew dive south. Stay tuned.