Matthew Hedberg, Software Analyst, RBC Capital Markets, highlights the areas in which the tech giant outperformed in the fourth quarter of its fiscal year.» Read More
NEW YORK— The Nokia X phones that Microsoft discontinued this week blend two rival operating systems, but leave out the best of each. The operating system that runs the phones was to blend the core technology found in Google's Android system with services and designs found in Microsoft's own Windows Phone system.
The "Fast Money" traders share their final trades of the day.
SAN FRANCISCO— Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. The report released Thursday also showed that Google's advertising prices are still dropping to extend a nearly three-year slump.
Microsoft will shut down Xbox Entertainment Studios, ending an ambitious foray into original video programming. Re/code reports.
Stocks declined Thursday, with the Dow retreating from its record, after reports that a Malaysian plane had been shot down over Ukraine.
LOS ANGELES, July 17- Microsoft Corp intends to wind down Xbox Entertainment Studios, a source familiar with its plans said, becoming the first major tech company to give up on making original shows in a battle for the living room couch.
*Malaysian Airliner downed in Ukraine war zone, 295 dead. NEW YORK, July 17- U.S. stocks fell on Thursday in volatile trading on news that a Malaysian Airlines passenger jet crashed near the Ukraine- Russia border, after the United States and European Union imposed sanctions on Russia.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
July 17- Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 percent of its workforce, this year. April 2014- The chipmaker said it had cut 1,500 jobs in Costa Rica. January 2014- Announced plans to reduce its global workforce of 107,000 by about 5 percent this year.
NEW YORK, July 17- U.S. stocks dropped on Thursday to hit session lows on news that a Malaysian passenger jetliner had been downed in Ukraine, fresh on the heels of new U.S. and European Union sanctions on Russia.
News that Microsoft will cut 18,000 jobs over the next year sent shares to new highs. Tech analysts say the layoffs are needed.
The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.
The "Squawk Alley" crew and Henry Blodget, Business Insider CEO & editor-in-chief, discuss how the mega jobs cuts at Microsoft is a move by CEO Satya Nadella to change company culture and if it will pay off.
Microsoft Executive Vice President Stephen Elop sent employees of the company's devices business a memo detailing its job cut plans. Microsoft said it would cut up to 18,000 jobs over the next year, with about 12,500 related to Microsoft's acquisition of Nokia's phone business in April.
Microsoft announced Thursday that it will cut up to 18,000 jobs, or about 14 percent of its staff. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly. Date: July 17, 2014 at 5:00 a.m. PT.
SEATTLE, July 17- Microsoft Corp will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it almost halves the size of its newly acquired Nokia phone business and tries to transform into a cloud-computing and mobile-friendly software company.
Dan Niles, AlphaOne Capital Partners, reacts to Microsoft's restructuring plan that eliminates roughly 14 percent of its workforce. Niles says the money from the layoffs will be reinvested in the business to drive the cloud.
*Morgan Stanley climbs after earnings. NEW YORK, July 17- U.S. stocks edged lower on Thursday in the wake of fresh U.S. and European Union sanctions on Russia, but some stronger-than-expected earnings reports helped keep declines in check.
Rick Sherlund, Nomura Securities managing director, shares his thoughts on Microsoft's restructuring plan that will result in the elimination of up to 18,000 jobs. Sherlund says Microsoft is making its cloud transition faster than people think.
CNBC's Jon Fortt provides insight on Microsoft's job cuts which is about double than what was expected.