Sectors
Microsoft sales beat Street hopes, cloud profits up
Microsoft Corp (MSFT.O) 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.
Norwest Venture Partners Expands Presence With New Investment Team Hire and Office in San Francisco
Norwest Venture Partners (NVP), a global, multi-stage venture and growth equity investment firm, today announced that Sean Jacobsohn has joined the firm as Principal. A venture investor and former SaaS executive with broad technology, sales and business development expertise
China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns
Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.
Abbott, Mylan silent on why changing tax-inversion terms
Drugmakers Abbott Laboratories (ABT.N) and Mylan Inc (MYL.O) on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.