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Microsoft profit falls on sluggish Windows, currency pressure

SEATTLE - Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.

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Texas Instruments' profit rises, helped by auto industry

SAN FRANCISCO - Texas Instruments Inc reported higher fourth-quarter results on Monday and gave a revenue outlook for the current quarter in line with expectations, helped by growing demand for chips from the auto industry.

5:54pm EST

AT&T to buy NII Holdings' wireless business in Mexico

- AT&T Inc said on Monday it would buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No. 1 America Movil .

Deals, Mexico 5:13pm EST

TE Connectivity nears deal to sell network business to CommScope: WSJ

- Swiss electronics company TE Connectivity Ltd is said to be nearing a deal to sell its network equipment unit to CommScope Holding Co Inc for about $3 billion, the Wall Street Journal reported, citing people familiar with the matter.

Deals 6:51pm EST

IBM dismisses Forbes report of massive layoffs

- IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs.

1:10pm EST

Winklevoss twins expect first quarter debut of bitcoin exchange

HOLLYWOOD, Fla. - Winklevoss Capital, the firm run by Cameron and Tyler Winklevoss, expects to get regulatory approval to launch a U.S. exchange for investors to buy and sell the virtual currency bitcoin in the first quarter, the twins told Reuters on Monday.

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