Cheddar morning business update 8/8: Google fires software engineer behind sexist memo

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  • On Wall Street, markets are coming off 9 record high closes for the Dow. Today investors are waiting for Disney to report its recent earnings after the closing bell. They are particularly interested in the performance of ESPN, which recently laid off a lot of workers because of falling subscriber numbers. 
  • Google fired the male software engineer who wrote an internal memo that argued women aren't suited for tech jobs for "biological" reasons. He also wrote that Google's commitment to hire more women could make the company less competitive. Google CEO Sundar Pichai said parts of the memo violated the company’s code of conduct.
  • Samsung is unveiling a new, more rugged version of its flagship smartphone, with a thicker frame and heftier feel. Samsung says the Galaxy S Active meets military-grade durability standards, is water-resistant and can survive a fall of up to 5 feet. It's available starting today for AT&T customers. 
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