Recapping the day's news and newsmakers through the lens of CNBC.
And don't let the door hit you on the way out
It's every executive's nightmare: you announce you're leaving and the stock jumps. It happened Friday to Microsoft CEO Steve Ballmer. Early Friday he announced he will step down within 12 months. Microsoft shares finished up more than 7 percent. Why no wailing and tearing of hair? Well, Ballmer is respected, but Microsoft has lost its industry dominance on his watch. The firm has been sluggish to shift to mobile, and is now working to catch up.
So who will run Microsoft next? Maybe not who you think.
"There is never a perfect time for this type of transition, but now is the right time. ... We need a CEO who will be here longer term for this new direction."