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Microsoft shakes up Windows, online businesses; a key player in failed Yahoo bid quits (Finance, 19 articles)
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" Enterprise search is becoming an indispensable tool to businesses of all sizes, helping people find, use and share critical business information quickly said Jeff Raikes Until now, Microsoft had planned to block those companies from installing their products in the deepest levels of the new operating system, which is scheduled for release early next year. Microsoft has filed nine lawsuits since last fall against individuals and companies that it claims were involved in selling discounted Windows and Office software intended for students. Microsoft Chief Executive Steve Ballmer is taking direct control over two of the company's most important businesses - including competition with Google - in a significant reorganization announced late Wednesday afternoon. After five years of development and repeated delays, Microsoft is releasing its Windows Vista operating system for sale to corporate customers tomorrow. The man charged with reviving Microsoft's struggling online business and spearheading its fight against Google is to leave the software company, it emerged last night. Announcing the departure , Steve Ballmer, Microsoft's chief executive, said the two business overseen by Mr Johnson - online services and the Windows operating system unit - would be separated as part of a major management shake-up.
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Other stories about Microsoft, Google and Software:
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Strong Quarter for Sales at Amazon (Finance, 12 articles)
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The world's second-largest chemical company said its net income for the three-month period ended June 30 was $762 million, or 81 cents per share, compared with $1.04 billion, or $1.07 per share, in the same period last year. Analysts expected Dow to report earnings of 85 cents per share on sales of $14.9 billion, according to a survey by Thomson Financial. The New York Times Company reported net income on Wednesday of $21.1 million in the second quarter, down from $118.4 million in the quarter a year ago, when it recorded revenue from the sale of the company's television stations.
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Lee Enterprises news co. third-quarter profit falls 87 per cent (Finance, 9 articles)
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According to the National Association of Realtors, existing home sales dropped from an annual rate of 4.99m units in May to 4.86m units last month - the lowest in a decade and 15.5 per cent below its pace in June 2007. Canon, the Japanese electronics group, reported a 13 per cent drop in second-quarter profit on Thursday as a stronger yen reduced the value of its overseas sales. Fuelled by a 26.9 per cent one-year increase in prices Canadians paid at the gasoline pumps, the national annual inflation rate jumped to 3.1 per cent in June, up from the 2.2 per cent rate in May.
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Other stories about Cent, chain and ad:
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Merger of XM and Sirius a Step Closer to Approval (Finance, 10 articles)
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The Federal Communications Commission was set to approve a merger between XM and Sirius on Thursday, a move that would end a nearly 18-month review of a deal that would essentially create a monopoly in satellite radio. Late Wednesday, the F.C.C. reached a consent decree with the two companies involving violations of commission rules, an agreement that should pave the way for formal commission approval as early as Thursday. The proposed merger of the U.S.'s two satellite radio broadcasters is expected to be approved after the companies agreed to pay $19.7 million US to settle rules violations.
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Citi Settlement Ends Enron Creditors' 'Mega Claims' Suit (Finance, 8 articles)
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Washington Post staff writer Carrie Johnson was online from Houston to discuss the sentencing of former Enron chief Jeffrey K. Skilling at Noon ET on Tuesday, Oct. 24. A federal appeals court yesterday thwarted attempts by a group of Enron investors to sue investment banks over their role in the Houston energy trader's collapse, giving Wall Street a powerful weapon to defend itself against future claims. Securities regulators yesterday sued two former Enron Corp. lawyers for allegedly participating in the devastating fraud and helping other executives at the Houston energy trader to mislead investors about financial setbacks and stock sales.
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Upbeat earnings reports, slipping oil help Dow rise - (Finance, 7 articles)
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NEW YORK - Wall Street abruptly ended an earnings-driven rally and closed sharply lower today after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major indexes fell about 2 percent, including the Dow Jones industrial average, which fell 283.10, or 2.4 percent, to 11,349.28. Stocks advanced for the second consecutive session Wednesday as another decline in oil prices and several upbeat profit reports eased Wall Street's concerns about the economy.
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Genentech shareholders sue over Roche bid (Finance, 4 articles)
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In their hunt for a winning growth-stock formula for 2008, some investors have been heading back to the laboratory the biotech lab. Biotech shares already were off to a surprisingly strong start in the third quarter even as the rest of the market was sinking. Then came Roche Holding s offer on Monday to buy the 44% of Genentech Inc. it didn't already own, for $89 a share.
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Fed snapshot shows economy hurt by slow growth, rising prices (Finance, 4 articles)
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Americans are cutting back on everything from cars to food to name-brand products, the Federal Reserve said on Wednesday, in another sign that the economy could slow significantly as money from the federal stimulus checks dries up. The Fed's beige book report for June and July, considered a snapshot of the economy, highlighted fears that economic growth will stagnate as Americans cut back in the face of a weak job market and higher gasoline prices. The number of people continuing to draw unemployment benefits dipped slightly to 3.1 million for the week ending July 12, the most recent period for which that information is available.
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blaster@cs.columbia.edu
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