SEATTLE/NEW YORK (Reuters) – Microsoft Corp Chief Executive Steve Ballmer unexpectedly announced his retirement on Friday, ending a controversial 13-year reign at the head of the world’s largest software company and sending the company’s shares up nearly 6 percent.
Ballmer, 57, took over from co-founder Bill Gates in January 2000, but his leadership was questioned throughout his tenure by Wall Street and Silicon Valley, as Microsoft’s stock price floundered and the company that drove the personal computer revolution was overtaken by Apple Inc and Google Inc in the shift toward mobile computing.
SAN FRANCISCO (Reuters) – Hewlett-Packard Co is back in the market for acquisitions of up to $1.5 billion, Chief Executive Meg Whitman said in a televised interview on Thursday, aiming for smaller deals after a flurry of outsized purchases in past years.
Whitman, speaking a day after she switched out the chief of the company’s Enterprise group and said HP’s second-largest unit had fallen down on sales and product execution, told business channel CNBC the company could also do deals in the $100 million to $300 million range.
By Sinead Carew
(Reuters) – Facebook Inc CEO Mark Zuckerberg has enlisted Samsung Electronics Co Ltd, Qualcomm Inc and other technology companies to help him in a project aimed at making Internet access affordable for the 5 billion people around the world who are not online.
The group, called internet.org, is the latest effort by an Internet company to seek to expand Web access to emerging economies. It follows a similar thrust by Facebook rival Google Inc, which uses everything from balloons to fiber connections to expand connectivity.
(Reuters) – AT&T’s U-verse pay-TV service said on Tuesday it would not carry Al Jazeera America as the cable news network funded by the emir of Qatar launched in the United States.
AT&T spokesman Mark Siegel said the decision was due to a contract dispute. U-verse had 5 million video customers at the end of June.
NEW YORK (Reuters) – T-Mobile US reported subscriber growth that blew past analyst expectations, as it ended a four-year drought with a big marketing push and its launch of the Apple Inc iPhone, sending its shares up 4 percent.
But the customer growth came at a cost and weighed on its financial results. As a result its parent company, Deutsche Telekom AG, which owns 74 percent of T-Mobile US, said on Thursday it would plow more money into the No. 4 U.S. mobile provider to help it to continue growing.