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Jan 24, 2014

Apple set to report record holiday, but China doubts stay

Jan 24 (Reuters) – Apple Inc may notch its most
successful holiday shopping season yet when it reports quarterly
results on Monday, setting records for sales of its
gift-friendly iPhones and iPads.

It will, however, continue to draw investor scrutiny over
sales in ultra-competitive China, its No. 2 market but a drag on
revenue and margins in recent quarters. The iPhone maker has
been ceding ground to Samsung Electronics and other
rivals there, but has now sealed a long-awaited deal to sell
iPhones through China Mobile that could bear fruit in
2014.

Jan 24, 2014

Apple set to report record holiday but China doubt persists

By Bill Rigby

(Reuters) – Apple Inc may notch its most successful holiday shopping season yet when it reports quarterly results on Monday, setting records for sales of its gift-friendly iPhones and iPads.

But it will continue to draw investor scrutiny over sales in ultra-competitive China, its No. 2 market but a drag on revenue and margins in recent quarters. The iPhone maker has been ceding ground to Samsung Electronics and other rivals there, but has now sealed a long-awaited deal to sell iPhones through China Mobile that could bear fruit in 2014.

Jan 24, 2014

Microsoft profit beats forecasts, no word on new CEO

SEATTLE (Reuters) – Microsoft Corp posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its software and services for businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill.

The world’s largest software company did not say anything about its five-month search for a new chief executive to replace Steve Ballmer, who said in August he would retire within a year.

Jan 23, 2014

Microsoft profit beats Wall Street, no word on new CEO

SEATTLE (Reuters) – Microsoft Corp posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its Office software to businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill.

The world’s largest software company did not say anything about its unexpectedly long five-month search for a new chief executive to replace Steve Ballmer, who said in August he would retire within a year.

Jan 16, 2014

Amazon.com workers reject unionization in Delaware vote

SEATTLE, Jan 15 (Reuters) – A small group of Amazon.com Inc
technicians at a distribution center in Delaware voted
on Wednesday not to join a union, marking a victory for the U.S.
online retailer which is strongly opposed to any kind of
third-party representation for its employees.

A group of equipment maintenance and repair technicians
voted 21 to 6 not to join the International Association of
Machinists and Aerospace Workers (IAM), in results published
late on Wednesday.

Jan 10, 2014

Boeing machinist campaigns to replace national union leaders

SEATTLE (Reuters) – A Seattle-area Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) worker is one of two men campaigning to replace national leadership of the International Association of Machinists in the wake of bitter infighting over the planemaker’s latest labor contract.

Boeing’s IAM members narrowly approved the contract last week, effectively sacrificing their pensions for guaranteed work on the new 777X jet.

Jan 9, 2014

Boeing machinists allege unfair labor practices, seek revote

NEW YORK/SEATTLE (Reuters) – Angry Boeing machinists have filed eight unfair labor practice charges with the National Labor Relations Board alleging their union’s top leaders manipulated a recent contract vote, and demanding that ballots be recast.

The NLRB has launched an investigation into the charges, filed by individual members against the International Association of Machinists and Aerospace Workers, said Anne Pomerantz, an attorney with the NLRB regional office in Seattle.

Jan 8, 2014

Microsoft succession speculation focuses on internal candidates

SEATTLE/NEW YORK (Reuters) – Speculation over Microsoft Corp’s succession plans refocused on internal choices on Wednesday, a day after the leading outside candidate, Ford Motor Co CEO Alan Mulally, took himself off the list of potential CEOs at the world’s largest software maker.

A source close to the company said no appointment was likely until the last week of January or in February. The source asked not be identified because they were not authorized to speak publicly about the process to select a successor to long-time CEO Steve Ballmer, who in August announced his plan to retire.

Jan 7, 2014

Some Boeing machinists plan to contest crucial labor vote

SEATTLE (Reuters) – Some Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) machinists plan to push for a recount or even a new vote on their latest labor contract with the aircraft maker, possibly extending a long-running drama over which state will get to work on Boeing’s new 777X jet.

But union leaders said there would need to be a reason to take such a step and that no formal request for action had been made.

Dec 19, 2013

Ex-Microsoft manager and friend charged with insider trading

SEATTLE (Reuters) – The U.S. Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp (MSFT.O: Quote, Profile, Research) information, which prosecutors said netted the pair more than $390,000 in illicit profits over an 18-month period.

Brian Jorgenson, a senior portfolio manager at Microsoft, passed information to a former colleague, online day trader Sean Stokke, who executed the trades, according to prosecutors.

    • 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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