Latest Microsoft Corp News

Asian shares gain after Fed chair signals slower rate hikes

Nov. 30, 2022 23:18 PM EST

BANGKOK (AP) — Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach to containing COVID-19 outbreaks to focus more...

Arrival, Coupa Software rise; Apple, Activision fall

Nov. 25, 2022 15:19 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Arrival SA, up 2 cents to 36 cents. The electric vehicle maker said that F. Peter Cuneo has been appointed as interim CEO as Denis Sverdlov steps down. Coupa Software...

Fired SpaceX employees accuse company of violating labor law

Nov. 17, 2022 16:37 PM EST

NEW YORK (AP) — Several SpaceX employees who were fired after circulating an open letter calling out CEO Elon Musk’s behavior have filed a complaint accusing the company of violating labor laws. The complaint, made Wednesday to the National Labor Relations Board, details the...

Art from Microsoft founder Paul Allen sells for $1.6 billion

Nov. 10, 2022 21:18 PM EST

NEW YORK (AP) — Works by artists including Cézanne, Seurat, and van Gogh sold for a record-breaking $1.6 billion during Christie's two-day auction of the late Microsoft co-founder Paul G. Allen's masterpiece-heavy collection. All 155 of the artworks put up for auction Wednesday...

EU's Call of Duty: Probe Microsoft-Activision Blizzard deal

Nov. 08, 2022 17:53 PM EST

BRUSSELS (AP) — The European Union has launched an investigation into Microsoft’s planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would distort fair competition to popular titles like Call of Duty. Microsoft, maker of the Xbox gaming system,...

Warren Buffett's firm reports $2.7B loss on investment drop

Nov. 05, 2022 14:42 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. ...

Microsoft extends aid for Ukraine's wartime tech innovation

Nov. 03, 2022 13:16 PM EDT

LISBON, Portugal (AP) — Ukraine is counting on more Western technological support as its war against Russia drags on, with Microsoft pledging Thursday to extend its backing for Kyiv's “extraordinary" wartime innovation through the end of next year. Microsoft's financial...

Wall Street rally marks first weekly win streak since summer

Oct. 28, 2022 17:11 PM EDT

Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5% and posted its first back-to-back weekly gains since August. The Dow Jones Industrial...

Asian shares mostly lower as Japan preps massive stimulus

Oct. 28, 2022 00:45 AM EDT

Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market. Tokyo’s benchmark slipped as the government was preparing about $490 billion in stimulus spending to help the world’s No. 3...

Amazon posts weaker-than-expected 3Q revenue, stock tumbles

Oct. 27, 2022 20:53 PM EDT

NEW YORK (AP) — Amazon returned to profitability over the summer after two consecutive quarters of losses, but its stock fell sharply in after-hours trading due to weaker-than-expected revenue and disappointing projections for the current quarter. The company on Thursday reported...