Apple Inc. agreed to buy Beats Electronics LLC for $3 billion, its biggest-ever acquisition, nabbing a popular line of headphones and a nascent subscription music-streaming service as the iPhone maker seeks to rev up growth.
Microsoft Corp., the world’s largest software maker, reported fourth-quarter profit and sales that exceeded analysts’ predictions as it benefited from robust demand from corporations and a lower-than-expected tax rate.
Microsoft Corp. Chief Executive Officer Satya Nadella said he will “hold nothing back” to get the company’s programs across all devices, in a clear departure from the software maker’s longtime focus on its Windows operating system.
Microsoft Corp. renewed its push to catch up with Apple Inc. and Google Inc. in mobile devices, unveiling updated Windows Phone software with voice-search features and offering it for free for small phones and tablets.
A painting of the New York Stock Exchange in its heyday, depicting men buzzing around trading posts, hangs in the Jersey City office of William O’Brien. An inheritance from his father, it represents a way of life the Direct Edge Holdings LLC chief executive officer has spent a career helping to dismantle.
Microsoft Corp. named Satya Nadella chief executive officer, tapping an insider steeped in business technology to speed up a turnaround at a software maker that helped usher in the personal-computing age, only to be left behind as the world embraced the Web and mobile devices.