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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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.
- 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 .
- 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.
- 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.
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.
- Asia shares mostly higher, euro steady as Fed meets
- U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO
- Oil steadies after OPEC says prices may have bottomed
- Rock-Tenn, MeadWestvaco to merge, create packaging giant
- China's Li says to create 10 million jobs in 2015: China Daily
- S&P downgrades Russia's sovereign credit rating to 'junk'
- Mattel removes CEO, warns of fifth straight fall in quarterly sales |
- Ocwen calls investor claims baseless
- Petrobras may book $20 billion asset write-down: Veja magazine blog