NEW YORK—With General Electric’s (GE.N) decision to break up into three separate companies, investors who have held the stock through a long, troubled period may be hoping the move will give the conglomerate’s underperforming shares a jolt. The 129-year-old industrial conglomerate announced on Tuesday it would split into three businesses focusing on aviation, energy and…
GE Investors Hope Split Remedies Years of Lackluster Performance
November 12, 2021
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Google Parent Alphabet Crosses $2T Mark, Sharing Podium With Apple, Microsoft
Alphabet Inc GOOGL rallied on November 8 to surpass the $2 trillion in market value for the first time, rubbing shoulders with Apple Inc and Microsoft Corp, Bloomberg reports. What Led To Growth? A rebound in spending on digital ads and growth in its cloud business fueled the rally. The Class A shares gained as…
Sega, Microsoft Explore Cloud Gaming Alliance
November 2, 2021
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TOKYO—Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using the Xbox maker’s cloud gaming tech, driving anticipation the move could signal a deeper tie-up. Tokyo-based Sega is exploring making titles with global reach on Microsoft’s Azure cloud platform, it said in a stock exchange…
Move Over Apple, Microsoft Now the World’s Most Valuable Company
Apple Inc. lost its crown as the world’s most valuable public company to Microsoft Corp. on Friday, as the iPhone maker’s shares continued their downward slide. Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to a nagging global supply chain problem, leading to a miss on Wall Street…
Microsoft to Work With Community Colleges to Fill 250,000 Cyber Jobs
October 29, 2021
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Microsoft Corp. on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years. Microsoft said it will provide scholarships or assistance to about 25,000 students and will provide training for new and existing teachers at 150 community colleges across the country. The…
Microsoft’s Cloud-Powered Q1 Results Prompt Analysts to Lift Price Target
Microsoft Corporation shares rallied out of the gate Wednesday following the release of its quarterly results. Microsoft Analysts Stifel analyst Brad Reback maintained a Buy rating and increased the price target from $325 to $380. Bank of America (BofA) Securities Brad Sills reiterated a Buy rating and hiked the price target from $340 to $365. Wedbush…
Microsoft Nearly Overtakes Apple as Most Valuable Company
A surge in Microsoft Corp’s shares nearly unseated Apple Inc. as the world’s most valuable company on Wednesday, a day before the iPhone maker reports its quarterly results. Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft’s shares jumped 4.2 percent to end at a record $323.17, elevating the software maker’s market capitalization…
Nasdaq Rises After Strong Microsoft Forecast
October 27, 2021
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The Nasdaq led gains among Wall Street indexes on Wednesday after a robust forecast from Microsoft supported optimism about the third-quarter earnings season, while a decline in oil prices hurt shares of energy companies. The S&P 500 index and the Dow Jones Industrial Average struggled for direction in the first hour of trading, with seven…
Alleged Russian Hackers Targeting Global Supply Chain: Microsoft
Microsoft executives warned on Monday that hackers who targeted Solarwinds’ software in recent months are now attempting to target the global IT supply chain. Starting in May of this year, Nobelium, a hacking group allegedly linked to the Russian government, is now “targeting organizations integral to the global IT supply chain” by replicating the approach…
Microsoft: Russian-Backed Hackers Targeting Cloud Services
RICHMOND, Va.—Microsoft said Monday the same Russia-backed hackers responsible for the 2020 SolarWinds breach continue to attack the global technology supply chain and have been relentlessly targeting cloud service companies and others since summer. The group, which Microsoft calls Nobelium, has employed a new strategy to piggyback on the direct access that cloud service resellers…
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