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Microsoft sales beat Street hopes, cloud profits up

SEATTLE - Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

Recent Technology News

Airbnb valued at $13 billion as it discusses employee stock sale: WSJ

- Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.

Deals 23 Oct 2014

Digital River to be acquired by investor group for $840 million

- E-commerce services provider Digital River Inc said on Thursday it entered into an agreement to be acquired by an investor group led by Siris Capital Group LLC for about $840 million.

Deals, 23 Oct 2014

America Movil profit drops on higher tax and forex loss

MEXICO CITY - Mexico's America Movil said on Thursday its third-quarter net profit fell 38 percent compared with a year earlier, missing expectations as taxes and exchange rate losses rose.

23 Oct 2014

Fewer-than-expected listeners tune in to Pandora in third quarter

- Pandora Media Inc, operator of the leading Internet radio service, reported a lower-than-expected increase in listeners in the third quarter, sending the company's shares down 8 percent in extended trading on Thursday.

Media 23 Oct 2014

U.S. senator asks Internet providers to commit to no 'fast lanes'

WASHINGTON - U.S. Senate Judiciary Committee Chairman Patrick Leahy on Thursday pressed large Internet providers to pledge that they will not strike deals that may help some websites load faster than others or give similar "fast lanes" to affiliated services.

Politics, Media 23 Oct 2014

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