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Market Wrap For November 15: Janet Yellen's Post Fed Nomination Keeping Markets In The Green
Friday, November 15, 2013 - 5:42pm | 1425The major indices can bank another day in the green. The Dow Jones and S&P 500 both reached new highs during Friday's trading session as markets continued its momentum following U.S. Federal Reserve's new boss Janet Yellen confirmed the central bank's economic stimulus would continue. The...
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Microsoft COO Another Internal Candidate for the Company's CEO
Thursday, November 7, 2013 - 3:16pm | 297The search for Steve Ballmer's replacement is in full force. Bloomberg reported on Thursday that Microsoft's (NASDAQ: MSFT) COO Kevin Turner is on a short list of candidates, which also includes two other internal candidates. Tony Bates was also named an internal candidate. Bates is currently the...
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#PreMarket Primer: Wednesday, November 6: ECB Under Pressure
Wednesday, November 6, 2013 - 7:53am | 1110After the EU released a lackluster forecast for the future of the eurozone, many are calling for the region’s central bank to step in and ease its policies. The report said the region will grow only moderately and unemployment rates will remain at record highs through 2015. Government austerity...
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Microsoft Advised to Spin Off Xbox by Co-founder, Paul Allen
Monday, November 4, 2013 - 9:35am | 590Activist investor, Carl Icahn, isn’t the only one giving unsolicited advice to a large corporation. Microsoft (NASDAQ: MSFT) co-founder, Paul Allen, said he thinks the company should consider spinning off its consumer businesses including search advertising and the Xbox games console division...
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Microsoft Jumps 6% After Q1 Earnings Beat
Thursday, October 24, 2013 - 4:27pm | 480Microsoft (NASDAQ: MSFT) is up more than six percent after reporting its first quarter results. The Windows maker reported a Q1 EPS of $0.62 versus the Street estimate of $0.54. Earnings per share were 17 percent from the year-ago period. Revenue arrived at $18.53 billion versus the estimated $...
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Market Primer: Wednesday, October 2: Asian Markets Optimistic About A Short Shutdown
Wednesday, October 2, 2013 - 6:45am | 1066The US showed little progress toward reaching an agreement and ending the nation’s first government shutdown in 17 years on Wednesday. However, Asian markets took the government halt calmly with investors taking the news one day at a time and expecting Republicans and Democrats in...
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Should Bill Gates Just Go Ahead and Hang It Up?
Thursday, September 26, 2013 - 10:43am | 507The departure of CEO Steve Ballmer from Microsoft (NASDAQ: MSFT) – and the fact there is no named successor yet - has given rise to one obvious question. Is Bill Gates returning for a more active role with the company? He says he is not, but many believe his denial lacks real conviction....
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The Latest Microsoft CEO Search Scuttlebutt (MSFT)
Friday, September 13, 2013 - 2:00pm | 637Academic speculation about the search for a new CEO to replace retiring Steve Ballmer at Microsoft (NASDAQ: MSFT) is, frankly, boring. What’s infinitely more interesting is scuttlebutt or, as Business Insider called it, “barstool gossip.” Bar stool gossip is sometimes more than just...
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Coming Soon: Microsoft Cortana vs. Apple Siri (AAPL, MSFT)
Friday, September 13, 2013 - 11:16am | 555Move over, Siri. There’s a new computer-generated personal voice assistant service in town. At least there will be soon if reports from ZDNet are true. Rumor has it that Microsoft (NASDAQ: MSFT) has been working on a rival to Apple (NASDAQ: AAPL)’s Siri and Google (NASDAQ: GOOG) Now, code-...
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Microsoft Misses Key Talent In Nokia Acquisition
Tuesday, September 3, 2013 - 3:39pm | 526As investors scramble to cash in on Microsoft's (NASDAQ: MSFT) $7.2 billion acquisition of Nokia's (NYSE: NOK) handset business, Nokia has quietly announced that its top designer is leaving the firm. According to AllThingsD, Marko Ahtisaari (Nokia's exec VP of design) will step down from his role...
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Microsoft Buying Nokia for $7.2 Billion, Here's Why (MSFT, NOK)
Tuesday, September 3, 2013 - 7:26am | 546What do you do if you’re in market that is clearly dominated by two giant players and you can’t gain more than a single digit foothold? What do you do if your latest tablet has sales that came in less than expected and you cut the price of it by $100? You can purchase most of...
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SLIDESHOW: Who Could Replace Microsoft CEO Steve Ballmer?
Sunday, September 1, 2013 - 11:43am | 135Last month, Microsoft (NASDAQ: MSFT) CEO Steve Ballmer announced that he planned to retire in 2014. Between now and Ballmer's retirement, Microsoft will embark on a journey to find a suitable replacement. Who will it be? Which execs -- in and outside of Microsoft -- are most likely to get the job...
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Steve Ballmer Makes For A Convenient Distraction From Microsoft's Real Problem
Tuesday, August 27, 2013 - 4:30pm | 1267Last week, Microsoft CEO Steve Ballmer announced he was retiring. Microsoft's (NASDAQ: MSFT) stock, which has been dead money for 14 years, jumped 7.3 percent on the news as if Microsoft's problems are largely due to incompetence at the top, and now that a new leader will be brought in, the...
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SLIDESHOW: Apple's Groundbreaking Patent, Ballmer's Retirement And More From The Fourth Week Of August
Saturday, August 24, 2013 - 1:35pm | 260Apple (NASDAQ: AAPL) has taken an interest in developing a system to control virtual objects. After Apple filed a patent for what could be the company's answer to Kinect (the Microsoft-developed (NASDAQ: MSFT) motion-based control system for Xbox), investors began to wonder what Apple might do...
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Steve Ballmer Will Retire From Microsoft In 2014 (MSFT)
Friday, August 23, 2013 - 11:11am | 573Microsoft (NASDAQ: MSFT) CEO Steve Ballmer will retire in the next 12 months. The announcement, which was made just 30 minutes before the market open Friday morning, came more than a year after Ballmer reportedly told his colleagues when he planned to retire. At the time, no one knew when he would...