President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
Before the winner would even get a dime, more than $54 million would be withheld for federal taxes. Much more would likely be due at tax time.Personal Financeread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
Microsoft on Thursday said it has acquired Express Logic, a company that makes software for embedded devices. Terms of the deal weren't disclosed.
The move reflects Microsoft's continuing focus on generating revenue around the so-called internet of things, which describes how a wide range of simple devices can gain functionality by connecting to the internet to share data, receive network updates and so on.
Administrators can use Microsoft's Azure cloud service to manage devices remotely and set up artificial intelligence models that can be deployed locally on devices. Other cloud providers, like Amazon and Google, also offer some functionality around the internet of things.
Cloud is where Microsoft continues to direct investors' attention; in the most recent quarter Microsoft's commercial cloud revenue represented more than 25% of the company's revenue.
Express Logic says it has 6.2 billion deployments of its ThreadX operating system, reflecting the widespread nature of connected devices. The company also has Windows software people for monitoring device activity.
Microsoft has its own version of Windows 10 designed for connected devices, and last year it introduced the Azure Sphere operating system and compatible cloud service.
"Our goal is to make Express Logic's ThreadX RTOS available as an option for real time processing requirements on an Azure Sphere device and also enable ThreadX-powered devices to connect to Azure IoT Edge devices when the IoT solution calls for edge computing capabilities," Sam George, director of Azure IoT at Microsoft, wrote in a blog post.
Express Logic was founded in 1996 and is based in San Diego. The company has 38 employees listed on LinkedIn.