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Microsoft Corp. plans to unveil its Windows Phone 7 on Oct. 11 in a bid to catch up in the mobile phone market.
The software firm announced the launch on its Web site, posting an invitation to the unveiling in New York next Monday. Get the full story »
Goldman Sachs downgraded Microsoft Corp. on Monday to neutral from buy, and lowered its price target on the software giant to $28 from $32.
Among the reasons for the move, the broker cited “increased caution near-term on a more elongated PC refresh cycle” as well as the threat that some of the notebook market could be cannibalized by tablet PCs, where Microsoft Windows doesn’t yet have a presence. Get the full story »
Microsoft Corp. said Friday it has sued Motorola Inc., claiming that the Schaumburg-based company has violated nine of its patents with smartphones running Google’s Android operating system.
Microsoft, which is headquartered in Redmond, Wash., filed a lawsuit in U.S. District Court for the Western District of Washington on Friday. The company said it also filed a complaint with the International Trade Commission. Get the full story »
Microsoft sold $4.75 billion in new debt on Wednesday, some of it at the lowest U.S. corporate borrowing rate on record, as the world’s largest software company takes advantage of low interest rates to raise cash. Get the full story »
Microsoft Corp. is ramping up its dividend for the first time in two years as it prepared to borrow billions of dollars. Its board of directors agreed on a quarterly dividend of 16 cents per share, an increase of 3 cents or 23 percent over the prior quarter’s dividend. Get the full story »
A screen shot of Microsoft's Internet Explorer 9.
Microsoft Corp. released the latest version of its Web browser, saying that it would work at faster speeds, deliver better graphics and be less obtrusive to users.
Internet Explorer 9, unlike previous versions and many competing browsers, pushes itself into the background.
“People go to the Web for site, not the browser,” said Dean Hachamovitch, general manager for IE, at a press event in San Francisco. “Today Web sites are boxed in, the box is the browser.” Get the full story »
Nokia’s stock rallied Friday after the Finnish mobile phone maker said it was replacing its chief executive with an executive from Microsoft Corp.
Nokia’s board of directors said it hired Stephen Elop for the position of president and CEO. Currently the head of Microsoft’s business division, Elop is scheduled to begin his new job on Sept. 21. Get the full story »
Google Inc. and AOL Inc. have agreed to extend their search partnership for five years and expanded their pact into mobile search and online video, two areas expected to grow as the media business transitions to digital communications.
The deal helps Google protect its dominant share of the fast-growing Web search business from smaller competitors, including Microsoft Corp. and IAC/InteractiveCorp. Get the full story »
A firm run by Microsoft Corp. co-founder Paul Allen is suing Apple Inc., Google Inc. and 9 other companies alleging they are violating patents developed at a Silicon Valley lab Allen financed more than a decade ago.
Allen, 57, Friday through his firm Interval Licensing LLC filed suit in federal court in Seattle asserting the companies are using technology from his laboratory. Named in the suit, along with Apple and Google, are AOL Inc., eBay Inc., Facebook Inc., Netflix Inc., Office Depot Inc., OfficeMax Inc., Staples Inc., Yahoo Inc. and Google’s YouTube subsidiary. Get the full story »
Sears Holdings Corp. hired Razorfish executive David Friedman to take the retailer’s top marketing post, replacing Richard Gerstein, who resigned in May.
Friedman, 46, begins his job as senior vice president and president of Sears’ marketing business unit on Sept. 13.
He was most recently president of the Americas at Razorfish in Chicago, a digital marketing company, where he was head of the firm’s retail and consumer goods practice. Before that, Friedman spent 10 years with Accenture, formerly Andersen Consulting, as an associate partner working with retail and consumer products companies. Get the full story »
Microsoft is now powering the search engine on Yahoo’s Web site in the U.S. and Canada. Get the full story »
Warren Buffett and Bill Gates, with rapper Ludacris, at a 2008 State Farm Basketball Challenge exhibition game. (Ethan Miller/Getty Images)
A total of 40 U.S. billionaires have pledged to give away at least 50 percent of their wealth as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.
Gates and Buffett launched “The Giving Pledge” in June to convince hundreds of U.S. billionaires to give away most of their fortune during their lifetimes or after their deaths and to publicly state their intention with a letter of explanation. Get the full story »
Young customers at the grand opening new Microsoft Store in San Diego’s Fashion Valley Shopping Center. (Microsoft)
Microsoft is planning to open a store at Oakbrook Center in Oak Brook by the end of the year, making the Chicago area one of just seven locations for the company’s new retail initiative.
The company announced the Oakbrook store last week at an analysts’ conference in Seattle and on its Microsoft Store Facebook page. Get the full story »
From CNN | Windows XP, which debuted nine years ago in 2001, will continue to be with us for yet another decade. Microsoft announced it would allow some Windows 7 customers to buy Windows XP “downgrade” licenses until January 2020. Those licenses allow customers to swap out the newer operating system and instead install a legal copy of the older one. Get the full story »
Microsoft Corp. has pulled the plug on a new generation of smartphones less than three months after unveiling the devices that were part of its efforts to catch-up with Apple Inc. and Google Inc. in the fast-growing mobile market. Get the full story »
