Business

Update at 1:31 p.m. ET. Larger Images, Mobile Oriented:

Facebook announced today that it was overhauling its "news feed." This is significant on two fronts: First, this is truly the first big makeover for the feature since its inception. Second, its users — some 1 billion worldwide — are known to be very touchy about changes.

Reuters said the new news feed is "visually richer" and "mobile device-oriented." It means the feed will look the same on your computer as it does on your mobile device.

Some sloppy coding on an update to Microsoft's Windows 7 two years ago has cost the computer giant a $731 million fine to the European Commission.

Microsoft said Wednesday it would not contest the fine, imposed for what the commission said was the company's abuse of its market dominance to stifle competitors' Web browsers.

There are several new developments Wednesday in a long-running labor dispute between unionized longshoremen and Northwest grain terminal operators. One grain exporter announced it reached a contract agreement, while another locked out its union workers after discovering what it called sabotage.

Picket lines sprung up almost immediately in front of the United Grain terminal at the Port of Vancouver, Washington. This, after the terminal operator notified the International Longshore and Warehouse Union Local 4 of a lock out.