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Search resuls for: "— Microsoft"


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Check out the companies making headlines in premarket trading. Shares of GE were up about 2% in premarket trading. Microsoft — Microsoft shares dropped about 2% after UBS downgraded the tech giant to neutral from buy. Merck — Merck's stock rose about 1.7% after being upgraded to buy from neutral by Bank of America. Honeywell — Shares of Honeywell slipped 1.8% in the premarket after being double downgraded by UBS to sell from buy.
(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!
Microsoft Takes Stake in London Stock Exchange
  + stars: | 2022-12-12 | by ( Josh Mitchell | ) www.wsj.com   time to read: 1 min
Microsoft will acquire the LSEG shares currently owned by a consortium of Blackstone and Thomson Reuters. LONDON— Microsoft Corp. will take a 4% stake in the London Stock Exchange ’s corporate parent and provide cloud computer services for the financial markets company, in a deal that reflects the growing use of data and tech in global finance. The deal announced Monday calls for London Stock Exchange Group PLC, owner of Europe’s biggest stock exchange by market value, to spend $2.8 billion over the next decade on Microsoft products, mainly its Azure cloud service.
The Microsoft executive walked into the small, windowless room in Studio C at about 8 o'clock that evening. Despite Nadella's public stance against those he has called "talented jerks," many inside the company say Microsoft retains a nearly unlimited tolerance for bad behavior by its top rainmakers and developers. "The Microsoft of 2021 is very different from the Microsoft of 2000 to me and to everyone at Microsoft," Nadella said. But some women say the investigations drag on for months or even years, with no clear timeline for resolution. What's more, some employees say Microsoft's efforts to promote racial equity often smack of tokenism.
"Leadership has shifted away from the tech sector and FANMAG. Two major challenges for tech names Clissold said the tech sector is facing two major challenges. Stockton said the peak in the Nasdaq last November was also the peak of its outperformance versus the S & P 500. The tech sector outperformed the S & P 500, but it was the materials sector that led the index higher, up about 19%. However, the S & P 500 has been up just 20%.
Microsoft Faces Fresh Antitrust Complaint in Europe
  + stars: | 2022-11-09 | by ( Kim Mackrael | ) www.wsj.com   time to read: 1 min
Microsoft said it introduced licensing changes this fall that give customers and cloud providers more options for running and offering its software. BRUSSELS— Microsoft Corp. faces an antitrust complaint from a European industry group over its cloud services, adding to recent allegations of anticompetitive behavior against the U.S. tech company. Cloud Infrastructure Service Providers in Europe, or Cispe, a trade group which includes Amazon.com Inc. among its members, said it filed the complaint with the bloc’s competition regulator, the European Commission, on Tuesday. The complaint alleges that Microsoft uses its dominance in productivity software to direct customers in Europe to its Azure cloud service and makes it difficult for them to switch to other cloud service providers, the trade group said.
Industry experts say the next few weeks are critical, as holiday layoffs could hurt morale and future hiring. And with economic forecasts looking dire, tech firms are starting to tighten the belt — starting with cutting their workforces to shave salary costs. Which means that in the weeks ahead, thousands of tech workers may be out of a job. How did we get hereAs Big Tech companies reported less-then-stellar earnings over the past few weeks, they also also flashed warning signs about the months ahead. Tech companies are coming off a period of outsized growth, spurred on by the pandemic.
LAGUNA BEACH, Calif.— Microsoft top videogame executive said the company is betting heavily on the future of mobile games and hopes that it will be able to overcome the power that Apple Inc. and Google have over how people play on smartphones. Phil Spencer , Microsoft’s chief executive of videogames, said the company’s ambition in mobile games is the main driver of its planned $75 billion acquisition of Activision Blizzard which is being reviewed by competition regulators.
Harley-Davidson — Shares of the motorcycle company climbed 13% after Harley reported quarterly earnings beat top- and bottom line estimates. The per share loss was 0.99 euros per share on 3.04 billion of euros in revenue. Analysts surveyed by Refinitiv were expecting a loss of 0.85 euros per share and 3.02 billion of euros in revenue. Visa reported earnings of $1.93 per share on revenue of $7.79 billion. CMG reported revenue of $2.22 billion versus the $2.23 billion expected by analysts surveyed by Refinitiv.
Microsoft could use its control over popular games to harm rivals, including those operating in multi-game subscription services and cloud gaming, it said. Microsoft said the CMA had adopted Sony's complaints without the "appropriate level of critical review". The Phase 1 decision identified three areas where the deal could cause harm: gaming consoles, multi-game subscription services and cloud gaming services," a CMA spokesperson said in a statement. A spokesperson for Microsoft said: "This deal will benefit gamers, developers, and the industry as we seek to bring more games to more people." A spokesperson for Sony PlayStation reiterated its view that the deal was "bad for competition, bad for the gaming industry and bad for gamers themselves".
Gabby Jones | Bloomberg | Getty ImagesBenefits of bundlingFor consumers that buy many streaming services already, purchasing a bundle of them for a discount would be an instant money saver. For corporations, pushing together streaming services reduces the number of people who cancel each month, known in the industry as churn. But those companies also offer their own competing streaming services – The Roku Channel, Prime Video and Apple TV+, respectively – which could deter broader partnerships. Wireless companies already offer promotional pricing to streaming services as sign-up bonuses. From the standpoint of niche services, Peacock hasn't come to them with a coherent strategy, according to several people familiar with the talks.
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