Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

U.S. Morning Call: Microsoft computes a $6.2 bln hit

Tuesday, July 03, 2012 - 02:31

July 3 - Microsoft announces a $6.2 bln charge to write down the value of an online ad agency, aQuantive, which it bought five years ago.

▲ Hide Transcript

View Transcript

And mission from Microsoft and another probe for Chesapeake here's your morning call is Tuesday. Not taking a major financial hit the software giant announcing a six point two billion dollar write down as -- acknowledges its largest acquisition in the Internet sector is effectively worthless. That being -- 2007 purchase of a quonset quonset. Microsoft hoped it would help it compete with Google which had purchased rival ad firm DoubleClick. You're down in the premarket though they have written and close to 20%. Over the past year. And other high profile casualty in the interest rate rigging scandal known as the -- probe. -- CEO Bob Diamond quitting effective today. Keep all of the company's chairman out the -- diamond decision follows the announcement of a British parliamentary inquiry into the matter. They have already agreed to pay him more than 450 million dollar fine UK and US regulators. For its role in the scandal you're Barkley rebounding. On me this. Other writers report of Chesapeake Energy leading to another federal investigation. This time the Department of Justice has protein these firms and rival and con out for possible collision -- according to sort. And all of a Reuters story which showed top executive at the two companies and -- twenty tend to avoid bidding against each other in Michigan and deal. The FDC and IRS have already launched inquiry into Chesapeake. -- down slightly in the premarket how troubled over the -- here. Scored the latest round for apple in its battle with Samsung that you asked judge rejecting the Korean company's request to lift a ban on US failed it's Galaxy Tab ten point one tablet computer that sun had asked the court. To -- injunction pending resolution and appeal. Apple claims the product is one of several bite him on that lately copies its own device. And finally and you report indicates US state and cities are underestimating. Their unfunded pension liabilities. 30000 those liabilities for fiscal 2010 exceed two trillion dollars. Or more than three times the amount reported. ID 8500 local governments its review. After -- called -- Tuesday you can follow us on Twitter at Richard insider and please check out our writers -- TV channel at borders dot com slash rated T. -- mom this is greater.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Microsoft computes a $6.2 bln hit

Tuesday, July 03, 2012 - 02:31