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Dec 19, 2013

Ex-Microsoft employee, day-trader 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, Stock Buzz) 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.

Dec 17, 2013

Microsoft expects CEO appointment early 2014

SEATTLE, Dec 17 (Reuters) – The board member leading
Microsoft Corp’s search for a new chief executive said
on Tuesday he expects an appointment to be made early next year,
the first time the board has been so specific on timing.

The world’s biggest software company is taking longer than
most had expected to find a new leader since Steve Ballmer
announced his retirement in August, although the company gave
itself 12 months to find his successor.

Dec 2, 2013

Technology, rules keep Amazon drone delivery in hangar, for now

SEATTLE (Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos made a splash on Sunday with his radical plan to deliver goods to millions of its customers’ doors by using a fleet of unmanned drones, but the bold vision is not likely to become a reality this decade.

By Bezos’ own admission, the technology that would enable electric-powered ‘octocopters’ to fly to pre-programmed addresses unaided by humans is still early in development, and the United States is not likely to establish rules for civilian unmanned aircraft systems until 2015 at the earliest.

Nov 19, 2013

Microsoft’s Gates highlights tough requirements for new CEO

, Nov 19 (Reuters) – Chairman Bill Gates said
on Tuesday he was pleased with Microsoft Corp’s
progress in finding a new chief executive but outlined the
difficulties in picking the next leader of the world’s largest
software company as it seeks to reinvent itself as a mobile
computing power.

Gates is part of the four-man committee that gave itself a
year to find a successor to Chief Executive Officer Steve
Ballmer after he announced his plan to retire in August. Sources
close to the process have said the search is down to a handful
of candidates, but the company itself has been largely silent.

Nov 19, 2013

Microsoft’s Gates says ‘pleased with progress’ of CEO search

, Nov 19 (Reuters) – Microsoft Corp
Chairman Bill Gates said on Tuesday he was pleased with the
software company’s progress in finding a new chief executive and
that the search committee had spoken to a number of candidates,
but did not give a date by which he expected a new leader to
replace the retiring Steve Ballmer.

Speaking at Microsoft’s annual shareholder meeting in
Bellevue, Washington, Gates paused briefly and choked up with
emotion as he thanked Ballmer for his work at the company.

Nov 6, 2013

Washington state set to build Boeing 777X

NEW YORK/SEATTLE (Reuters) – Boeing Co is set to build key parts of its newest jet, the 777X, in the Seattle area providing Washington state passes legislation extending financial incentives for the plane maker and Boeing machinists approve a long-term work contract.

A provisional agreement between Boeing and its main workers’ union paving the way for a deal was announced by Washington Governor Jay Inslee in Olympia on Tuesday, likely ending one of the most keenly awaited decisions in global aerospace.

Oct 29, 2013

Apple’s results disappoint ahead of holiday quarter

By Bill Rigby

(Reuters) – Apple Inc’s profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 percent even though two smartphone models hit store shelves in its second-largest market last month.

The unremarkable quarterly numbers prompted some disappointed investors to cash in recent gains in the stock, which slid 5 percent at one stage after-hours on Monday.

Oct 29, 2013

Apple’s results fail to excite ahead of holiday quarter

Oct 28 (Reuters) – Apple Inc’s profit and margins
slid despite selling 33.8 million iPhones in its September
quarter, and greater China revenue climbed just 6 percent even
though two smartphone models hit store shelves in its
second-largest market last month.

The unremarkable quarterly numbers prompted some
disappointed investors to cash in recent gains in the stock,
which slid 5 percent at one stage after-hours on Monday.

Oct 28, 2013

Microsoft shareholders advised to vote against director Thompson

SEATTLE, Oct 28 (Reuters) – Proxy advisory firm Glass Lewis
has recommended that Microsoft Corp shareholders vote
against the re-election of lead independent director John
Thompson, who is in charge of the company’s efforts to find a
new chief executive.

In a research note circulated to its clients on Monday,
Glass Lewis expressed concerns about a possible conflict of
interests for Thompson in his role as CEO of Virtual
Instruments, a cloud-computing firm that sells licenses and
devices to Microsoft.

Oct 28, 2013

Apple’s iPhone sales, holiday quarter up for scrutiny

By Bill Rigby

(Reuters) – Apple Inc’s iPhone sales and revenue forecasts, due to be released on Monday, may offer clues as to whether its low-cost 5C model missed the mark or whether the world’s largest tech company can continue its run of smash-hit gadgets.

Signs have emerged that demand for the cheaper model is lagging the top-tier iPhone 5S – both of which went on sale in September – because its $100 discount is proving to be insufficient to motivate emerging market and price-conscious customers.

    • 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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