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Microsoft Delivers With Dividend Hike and Important Change to Board of Directors
Microsoft hikes quarterly dividend, announces changes to board of directors
Microsoft Corp. announced Tuesday that it is increasing its quarterly dividend to 42 cents per share, or 7.6% compared with the year-earlier quarter. The dividend is payable Dec. 14, 2017 to shareholders of record on Nov. 16, 2017. The ex-dividend date will be Nov. 15, 2017. In addition to the dividend hike the company also said it was adding PepsiCo Inc. Chief Financial Officer Hugh Johnston to its board of directors. Microsoft stock edged down 0.1% after hours, after closing nearly 0.5% up to $75.44 during the regular session.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Former Google CFO joins Twitter board, PepsiCo exec to depart
Former Google Inc. Chief Financial Officer Patrick Pichette is joining the board of Twitter Inc. , as PepsiCo Inc. CFO Hugh Johnston leaves to join the board of Microsoft Corp. . Pichette resigned from Google in 2015 after serving as CFO of the web giant for nearly seven years, and will join as an independent director on Dec. 1 for a two-year term. "After taking a two-year sabbatical to spend time with my wife and travel the world, I'm excited to join the Twitter Board and help the company advance its mission," Pichette said in the announcement. Johnston will step down Oct. 1, and explained in Tuesday's announcement that PepsiCo policies limit the number of boards he can join, so his appointment at Microsoft means he must step down at Twitter. After the changes take place, Twitter will have a nine-person board of directors. Twitter shares added 0.6% in late trading, after closing with a 0.9% gain at $17.76.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Microsoft's Hotmail, Outlook.com services back up after outage
FRANKFURT, Sept 18 (Reuters) - Microsoft Corp said
its free email services Outlook.com and Hotmail, which suffered
an outage across Europe on Monday, were back up.
Microsoft's Hotmail and Outlook.com suffer all-day outage in Europe
Microsoft's(MSFT) free email services Outlook.com and Hotmail suffered an outage across Europe on Monday, preventing users from sending and receiving emails for 12 hours. The outage began at 0720 GMT and continued to affect users across the region nearly 12 hours later, Microsoft (MSFT) said in a blog post on its Office 365 security site.
EY teams up with Maersk, Microsoft on blockchain-based marine insurance
LONDON, Sept 6 (Reuters) - Consultancy EY, data security
firm Guardtime, Microsoft and ship operator Maersk have joined
to build a blockchain-based marine insurance platform that will
be the first real-world use of the nascent technology in the
Microsoft to Update Windows 10 with "Mixed Reality" Features
Reportedly Microsoft Corp MSFT is set to roll out the fourth update to its Windows 10 operating system OS The upgraded version of the OS will be available from Oct 17 2017 and will support augmented reality AR and virtual reality VR technologies Microsoft coined the term
Microsoft president urges Congress: put Dreamers before tax reform
WASHINGTON, Sept 5 (Reuters) - The president of Microsoft Corp expressed
deep disappointment on Tuesday with President Donald Trump's decision to rescind
a program for immigrants brought into the United States illegally as children
and urged Congress to protect these so-called Dreamers before embarking on tax
Audio firm Harman aims for sales boost, new deals after Samsung takeover
Audio specialist Harman International wants to nearly treble annual sales by 2025 by partnering with tech groups such as Amazon (AMZN), Google and Microsoft (MSFT), as well as its new owner, Samsung, its chief executive said on Friday.
Alexa allies with Cortana to take on Google Assistant, Siri
(Reuters) - Amazon.com Inc and Microsoft Corp have joined forces to let their voice-controlled virtual assistants talk to each other, offering users the ability to seamlessly tap into work, their homes and shop online.
Amazon Alexa, Microsoft Cortana Devices Will Soon Talk to Each Other
Amazon Alexa will now work Microsoft Cortana
Amazon's and Microsoft's respective digital assistants are teaming up.
Microsoft Teaches Autonomous Gliders to Make Decisions on the Fly
Microsoft is building gliders that adapt to surprises. The goal is to teach autonomous vehicles of all sorts to deal with uncertainty the way humans do.
Tech companies ramp up NAFTA lobbying on eve of trade talks
WASHINGTON (Reuters) - Technology companies, such as Microsoft and Cisco Systems have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs.
Bill Gates makes $4.6 billion charity pledge, his largest since 2000
Bill Gates donates $4.6 billion worth of Microsoft shares. The pledge is his largest since 2000. It reduces Gates' stake in the company to 1.3%.
BRIEF-Soros Fund Management cuts share stake in Facebook, Microsoft
Soros Fund Management: * Takes share stake of 1,300 shares in 3M Co (MMM) - SEC Filing. * Cuts share stake in Facebook Inc (FB) by 25.3 percent to 476,713 Class A shares. * Cuts share stake in Microsoft Corp (MSFT) by 68.8 percent to 4000 shares.
U.S. judge says LinkedIn cannot block startup from public profile data
(Reuters) - A U.S. judge on Monday ruled that Microsoft Corp's LinkedIn unit cannot prevent a startup from accessing public profile data, in a test of how much control a social media site can wield over information its users have deemed to be public.
Stocks close higher as geopolitical fears ease
U.S. stocks closed higher Monday led by gains in financial and technology shares as reactions to last week's war of words between North Korea and the U.S. found balance. The Dow Jones Industrial Average closed up 135.39 points, or 0.6%, to finish at 21,993.71, with shares of Visa Inc. , Apple Inc. and Microsoft Corp. leading blue chips higher with 1.5% or more gains. The S&P 500 index rose 24.52 points, or 1%, to close at 2,465.84, its largest one-day percentage gain since April 24, with 10 out of 11 sectors finishing higher and big gains in financial and tech shares. The Nasdaq Composite Index closed up 83.68 points, or 1.3%, at 6,340.23.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Apple, Microsoft Lift DJIA Monday
Microsoft joins Facebook and Alphabet in move to GAAP reporting
Microsoft Corp. announced on a conference call Thursday afternoon that it will move to all GAAP reporting in its new fiscal year, a move that fellow tech giants like Facebook Inc. and Alphabet Inc. have also made recently. Microsoft conducted the earnings call to go over the changes to its financial reporting that will result from new revenue-recognition rules, which Microsoft is adopting earlier than most companies. The Securities and Exchange Commission has been cracking down on companies' use of non-GAAP earnings, and tech companies appear to be moving away from those metrics, which typically strip out stock-based compensation and other effects to present healthier profit numbers. Microsoft also restated financial performance for the 2017 and 2016 fiscal years with the changes that the new revenue-recognition rules will bring in order for easier comparisons. Microsoft stock was unchanged in late trading, and has gained 16.1% so far this year, outperforming the 10.7% gain for the S&P 500 index. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Tobii and Microsoft collaborate to bring eye tracking support in Windows 10
Tobii AB(TBIIF): * Tobii(TBIIF) and Microsoft (MSFT) collaborate to bring eye tracking support in Windows 10 Source text for Eikon: Further company coverage:
Prime Spot On The Billionaire List: Jeff Bezos Was (Briefly) World's Richest Man
A surge in Amazon stock made Bezos worth more than $90 billion on Thursday, putting the company's founder and CEO ahead of Microsoft founder Bill Gates. Gates, however, has given billions to charity.
Tech shares fall 1%, weighing on broader market; Apple and Alphabet both tumble
The largest exchange-traded fund to track the technology sector fell on Thursday, erasing an earlier gain and leading the broader market lower. The Technology Select Sector SPDR ETF fell 1.1% in afternoon trading, dropping to $57.10. Earlier, it had risen as high as $58.20, largely on the back of positive results out of Facebook Inc. . While the social media giant was still positive on the day, up 2.3% to $169, it was well off its highs of the session, having previously gained as high as $175.49, a level that represented a record. Among the most notable names, Apple Inc. sank 2.9% while Google parent Alphabet was off 2.3%. Microsoft Corp. shed 1.4% on the day. Separately, Netflix Inc. , a consumer discretionary stock that often moves on trends in the internet sector, fell 4.4%. Amazon.com , another internet name classified in the consumer discretionary sector, fell 0.5%. The online retailer is scheduled to report its quarterly results after the market closes. While the tech sector is one of the strongest-performing of the year, investors have become increasingly concerned about the group's valuations, leading to multiple sessions this year when it abruptly turned lower. The weakness in tech spread to the broader market, with the S&P 500 down 0.6% while the Nasdaq , which is heavily weighted towards technology stocks, lost 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Facebook heads toward $500 billion market cap after earnings
Facebook Inc. could be the second tech giant to hit a market cap of half a trillion dollars in two days if its post-earnings gains hold into Thursday's trading session. Facebook stock increased more than 4% at times in Wednesday's after-hours session following an earnings beat, which would put it near a $500 billion market cap. Facebook's market cap ended Tuesday's session at $479.9 billion, according to FactSet, so a flat 4% gain would put it at more than $499 billion. Amazon.com Inc. joined the $500 billion club Wednesday, a select group that only includes tech companies: Apple Inc. , Google parent company Alphabet Inc. and Microsoft Corp. are the others.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Amazon joins the $500 billion club
Shares of Amazon.com Inc. ran up 1.2% to a record close of $1,052.80 on Friday, to propel the e-commerce giant's market capitalization above $500 billion for the first time. That makes Amazon just the fourth company currently above that threshold, behind Apple Inc. at $800.12 billion, Google's Alphabet Inc. at $667.67 billion and Microsoft Corp. at $571.70 billion. Warren Buffett's Berkshire Hathaway Inc. is a distant fifth at about $428 billion. With 477.98 million shares outstanding as of April 18, according to Amazon's latest quarterly filing, Amazon's market cap is now $503.21 billion. Amazon's achievement comes a day before it reports second-quarter results. The stock has soared 15.8% over the past three months, to add $68.59 billion to Amazon's market cap, while the Nasdaq Composite has rallied 6.6% and the S&P 500 has gained 3.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
GE, Microsoft Weigh on DJIA Friday
PRESS DIGEST- New York Times business news - July 21
The following are the top stories on the New York Times business pages. - U.S. President Donald Trump's administration said Harley-Davidson (HOG) was no longer required to fund the antipollution program, knocking $3 million off the company's bill. http://nyti.ms/2gP7fwp. - Microsoft (MSFT) reported that its profit in the most recent quarter more than doubled from a year ago.
Microsoft profits jump on cloud strength
The firm has been focusing its efforts on its fast growing cloud computing business.
Microsoft profit beats expectations on strong cloud demand
(Reuters) - Microsoft Corp reported better-than-expected quarterly profit and revenue on Thursday, helped by strong performance in its fast-growing cloud business.
Microsoft profit beats on strong cloud demand
(Reuters) - Microsoft Corp reported a better-than-expected quarterly profit and revenue, helped by a strong performance in its fast-growing cloud business.
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