From the Wires

Bloomberg Businessweek: The company laid off 638 employees in the Puget Sound area.

Forbes: The Chinese electronics manufacturer is looking to raise funding that could value the company at more than $40 billion.

NYT: The nation’s economic output rose at a 3.5% annual rate.

BBC: Apple’s chief executive Tim Cook publicly acknowledged his sexuality in a Bloomberg Businessweek article.

WSJ: The social network’s revenue rose 59% in Q3.

Bloomberg: Apple’s mobile payment technology has encountered problems after CVS Health Corp. and Rite Aid Corp. disabled the service in their drugstores.

WSJ: The online video website is working on a paid, ad-free subscription business model in addition to its existing ad-based platform.

CNNMoney: The fast food restaurant’s app will allow customers to skip waiting in line.

NYT: The world’s top-selling automaker reported sales of 7.615 million vehicles, up 3% from last year.

Forbes: Microsoft has slashed the game console’s price from $499 to $349 this holiday season.