Microsoft reports bumper loss following phones flop

Microsoft announced a $3.2 billion loss for the quarter – reportedly the worst in its history – after recording a previously-disclosed $7.5 billion impairment charge related to its acquisition of Nokia’s devices and services unit. The company announced plans to …

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Microsoft to cut another 7,800 jobs and take $7.6B hit

Microsoft is to slash 7,800 jobs, with the axe falling primarily on its phone business, as well as taking an impairment charge of $7.6 billion relating to assets associated with the acquisition of the unit from Nokia. The latest cull …

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Elop to leave Microsoft in exec shake up

Stephen Elop, the former CEO of Nokia who headed Microsoft’s devices unit after its acquisition of the Finnish vendor, is leaving the US company as part of a management reshuffle. A new team headed by Terry Myerson called the Windows and …

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