Microsoft Corp. won European Union approval for its 5.44 billion-euro ($7.4 billion) bid to take over Nokia Oyj’s handset business as regulators warned that they would monitor Nokia’s licensing practices.
Microsoft Corp., which issued the first euro-denominated bond in its 38-year history in April, is favoring the currency in its biggest sale ever, taking advantage of a widening discount to dollar borrowing costs.
Stephen Elop, a candidate to replace Steve Ballmer as Microsoft Corp.’s chief executive officer, would consider breaking with decades of tradition by focusing the company’s strategy around making the popular Office software programs like Word, Excel and PowerPoint available on a broad variety of smartphones and tablets, including those made by Apple Inc. and Google Inc., said three people with knowledge of his thinking.
Microsoft Corp. is weathering slumping personal-computer sales by focusing on Xboxes, business software and cloud services, as departing Chief Executive Officer Steve Ballmer seeks to make the company less dependent on its Windows operating system.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record, as sales at Amazon.com Inc. and Microsoft Corp. beat estimates. Treasuries climbed amid bets the Federal Reserve will maintain stimulus and Mexico’s peso climbed as the central bank signaled a halt to rate cuts.
Hewlett-Packard Co. is seeking buyers for some of its mobile-computing patents, according to people with direct knowledge of the matter, as Chief Executive Officer Meg Whitman tries to bolster the company’s financial position.
Microsoft Corp. is talking to HTC Corp. about adding its Windows operating system to HTC’s Android-based smartphones at little or no cost, people with knowledge of the matter said, evidence of the software maker’s struggle to gain ground in the mobile market.