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Aug 20, 2014

Ex-CEO Ballmer quits Microsoft board to focus on NBA’s Clippers

SEATTLE (Reuters) – Former Microsoft Corp Chief Executive Steve Ballmer has left the software company’s board in order to spend more time on his newly acquired Los Angeles Clippers basketball team, but said he plans to hang on to his 4 percent stake in Microsoft.

“I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time,” Ballmer said in a letter to Microsoft CEO Satya Nadella made public by Microsoft on Tuesday.

Aug 19, 2014

Former Microsoft CEO Steve Ballmer leaves board

SEATTLE (Reuters) – Former Microsoft Corp Chief Executive Steve Ballmer, the new owner of the Los Angeles Clippers basketball team, has left the software company’s board in order to spend more time on his new project.

“I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time,” said Ballmer in a letter to Microsoft CEO Satya Nadella made public by Microsoft on Tuesday.

Jul 25, 2014

Seattle man gets one and a half years for Microsoft insider trades

SEATTLE (Reuters) – An online stock trader who profited from inside information passed to him by a former Microsoft Corp finance employee was sentenced to 1-1/2 years in prison in Seattle on Friday.

Sean Stokke had pleaded guilty to charges of insider trading, which federal prosecutors said netted more than $400,000(235,711 pounds) in illicit profits over an 18-month period for him and his Microsoft accomplice, Brian Jorgenson.

Jul 25, 2014

Seattle man gets 1-1/2 years for Microsoft insider trades

SEATTLE, July 25 (Reuters) – An online stock trader who
profited from inside information passed to him by a former
Microsoft Corp finance employee was sentenced to 1-1/2
years in prison in Seattle on Friday.

Sean Stokke had pleaded guilty to charges of insider
trading, which federal prosecutors said netted more than
$400,000 in illicit profits over an 18-month period for him and
his Microsoft accomplice, Brian Jorgenson.

Jul 23, 2014

Microsoft sees end to Nokia losses, shares rise after hours

SEATTLE (Reuters) – Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade.

The world’s largest software company reported a 7 percent dip in quarterly profit on Tuesday, chiefly due to incorporating the struggling handset business of the Finnish mobile pioneer.

Jul 22, 2014

Microsoft revenue rises, profit falls as Nokia absorbed

SEATTLE (Reuters) – Microsoft Corp reported a greater-then-expected 17 percent jump in revenue on Tuesday, beating Wall Street expectations, but its profit fell 7 percent, chiefly due to the costs of incorporating the struggling handset business of Nokia.

Shares of the world’s largest software company, which hit 14-year highs this week, rose 0.3 percent in after-hours trading.

Jul 17, 2014

Microsoft says to cut up to 18,000 jobs

SEATTLE, July 17 (Reuters) – Microsoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it trims its newly acquired Nokia phone business and reshapes itself into a cloud-computing and mobile-friendly software company.

The deepest job cuts in the company’s 39-year history come five months into the tenure of Chief Executive Officer Satya Nadella, who outlined plans for a “leaner” business in a public memo to employees last week.

Jul 17, 2014

Microsoft to cut 18,000 jobs this year as it trims Nokia

SEATTLE, July 17 (Reuters) – Microsoft Corp said on
Thursday it will slash up to 18,000 jobs, or 14 percent of its
workforce, this year as it trims its newly acquired Nokia phone
business and reshapes itself into a cloud-computing and
mobile-friendly software company.

The deepest job cuts in the company’s 39-year history come
five months into the tenure of Chief Executive Officer Satya
Nadella, who outlined plans for a “leaner” business in a public
memo to employees last week.

Jul 16, 2014

Microsoft starts taking EU ‘right to be forgotten’ requests

SEATTLE (Reuters) – Microsoft Corp on Wednesday started taking requests from individuals in Europe who want to be removed from its Bing search engine results following a court judgment in May guaranteeing the “right to be forgotten.”

Microsoft, whose Bing search engine has 2.5 percent of the European search market, follows market leader Google Inc which complied with the ruling in May, and started removing some search results last month.

Jun 19, 2014

Insight – Power of Microsoft’s Bing an open question in search industry

SEATTLE (Reuters) – Microsoft Corp’s new chief executive, Satya Nadella, likes to boast that Bing is growing and powers 30 percent of the Internet search market, making it a worthy competitor to Google Inc.

But within the advertising and research industries that measure and manage search as a business, Microsoft’s strength is an open question.

    • About Bill

      "Bill Rigby is Reuters' chief correspondent in Seattle, reporting on Microsoft and Boeing and overseeing coverage of general news in Washington state, Oregon and Alaska. He has been a Reuters journalist since 1998, reporting on banks, insurers, stock markets, defense companies and airlines from Reuters bureaux in London, New York and Seattle."
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