Latest Microsoft Corp News

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Jul. 28, 2022 22:52 PM EDT

NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. The Seattle-based e-commerce giant also said it is making progress in controlling some of the excess costs from its...

Asian shares, oil prices mostly higher after Fed rate hike

Jul. 28, 2022 01:09 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point. Hong Kong's benchmark Hang Seng index slipped 0.6% to 20,554.09 after the...

FTC acts to block Meta from buying VR company, fitness app

Jul. 27, 2022 16:54 PM EDT

WASHINGTON (AP) — Federal regulators on Wednesday took legal action to block Facebook parent Meta and CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural, asserting the deal would hurt competition and violate antitrust laws. ...

Microsoft blames economic woes for missing profit targets

Jul. 26, 2022 16:59 PM EDT

REDMOND, Wash. (AP) — Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years. ...

Netflix to rely on Microsoft for its ad-backed video service

Jul. 13, 2022 17:58 PM EDT

SAN FRANCISCO (AP) — Netflix has picked Microsoft to help deliver the commercials in a cheaper version of its video streaming service expected to launch later this year with a pledge to minimize the intrusions into personal privacy that often accompany digital ads. The alliance...

Microsoft's Activision Blizzard bid faces UK antitrust probe

Jul. 06, 2022 08:44 AM EDT

LONDON (AP) — Microsoft's acquisition of game publisher Activision Blizzard faces antitrust scrutiny in the U.K., where competition regulators said Wednesday they've opened an initial inquiry into the $69 billion deal. The Competition and Markets Authority said it has started...

North Dakota farmland purchase tied to Gates stirs emotion

Jun. 23, 2022 18:55 PM EDT

FARGO, N.D. (AP) — The sale of a couple thousand acres of prime North Dakota farmland to a group tied to Bill Gates has stirred emotions over a Depression-era law meant to protect family farms and raised questions about whether the billionaire shares the state’s values. Gates is...

Microsoft: Russian cyber spying targets 42 Ukraine allies

Jun. 22, 2022 11:53 AM EDT

CLEVELAND (AP) — Coinciding with unrelenting cyberattacks against Ukraine, state-backed Russian hackers have engaged in “strategic espionage” against governments, think tanks, businesses and aid groups in 42 countries supporting Kyiv, Microsoft said in a report Wednesday. ...

Walmart expands health services to address racial inequality

Jun. 22, 2022 10:58 AM EDT

NEW YORK (AP) — Walmart is expanding health care coverage for employees who want to enlist the services of a doula, a person trained to assist women during pregnancies, to address racial inequities in maternal care. After first offering doulas to employees in Georgia last year, the...

SpaceX reported to fire employees critical of CEO Elon Musk

Jun. 17, 2022 19:29 PM EDT

HAWTHORNE, Calif. (AP) — SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colorful billionaire for his behavior, according to media reports. The reports published Friday cited an email from Gwynne...