The Latest Breaking News from Microsoft Corp

Key Apple Inc (NASDAQ:AAPL) supplier Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was hit by a ransomware attack on May 31, the Bleeping Computer reports. The attack disrupted operations at one of Foxconn's Mexico-based production plants. The Foxconn Baja California plant produced medical devices, consumer electronics, and industrial operations, the TechCrunch reports. Also Read: President…

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

Facebook parent Meta Platforms Inc (NASDAQ:FB) looks to use Broadcom Inc's (NASDAQ:AVGO) custom chips to build its metaverse hardware, becoming the chipmaker's next billion-dollar ASIC customer, J.P. Morgan analysts said. The analysts saw application-specific integrated circuit chips drive approximately $2 billion to $2.5 billion in revenue for Broadcom in 2022, aided by its deals…

Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus…

Microsoft Corp (NASDAQ: MSFT) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report."

A Microsoft Corp (NASDAQ:MSFT) search engine has made it more challenging in North America to look up politically sensitive people for China, the Wall Street Journal reports. Citizen Lab consistently found that Bing censored politically sensitive Chinese names. Bing’s autofill system, which guesses based on searching after a few keystrokes, often fell silent…

Microsoft Corp's (NASDAQ:MSFT) pitch to Brussels directly addressed competition worries with a clear geopolitical purpose prompted by recent complaints from smaller European cloud companies, the Financial Times reports.  Microsoft laid out a series of "principles" that it would follow out of respect for Europe's concerns.  Any customer who has paid to license…

Microsoft Corp (NASDAQ:MSFT) launched a new initiative to better assist European cloud companies hosting Microsoft products like Windows and Office 365 apps after facing flak, Bloomberg reports. Microsoft will also provide greater licensing flexibility for customers. Microsoft faced a formal inquiry from the European Commission into its alleged antitrust practices.  The commission…

Microsoft Corp (NASDAQ:MSFT) launched a new offering called Microsoft Cloud for Sustainability to improve its carbon footprint. Salesforce, Inc (NYSE:CRM), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and International Business Machines Corp (NYSE:IBM) made similar endeavors, the TechCrunch reports. Microsoft's solution looks to use a set of measuring devices to collect the data and exploit Microsoft's cloud-based data collection services to…

Starbucks Corp (NASDAQ:SBUX) will reimburse U.S. employees if they must travel more than 100 miles from their homes to obtain an abortion, Reuters reported. The decision was communicated by the company through a memo to its employees. The coffee chain joins the likes of Amazon.Com, Inc. (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) to offer the benefit. The…

Tigress Financial Partners analyst Ivan Feinseth reiterated its Buy rating on Microsoft Corp (NASDAQ:MSFT) and maintained the price target of $411 as growth in Cloud continues to drive strong business performance.  The recent pullback in price is a significant buying opportunity.  Accelerating enterprise digitalization driving increasing IT spending will continue to drive accelerating Business Performance…