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Microsoft profit falls on sluggish Windows, currency pressure

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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Microsoft sees currency cutting revenue growth by 4 pct this quarter

SEATTLE - Microsoft Corp's Chief Financial Officer said on Monday that she expected the company's fiscal third-quarter revenue growth to be cut by four percent by unfavorable currency exchange rates, assuming the U.S. dollar continues its strong run.

4:55am IST

Telecom network spending seen rising this year amid 4G boom

PARIS/STOCKHOLM - Europe's telecoms equipment makers look set for an unpredictable year because of consolidation among their operator customers and a slowdown of buildouts of faster mobile networks, known as 4G, in the United States and China.

1:03am IST

Chinese actress buys into Alibaba Pictures as it warns of losses

REUTERS - Chinese actress Zhao Wei has taken a major stake in Alibaba Group Holdings Ltd's film division, bringing some star power to a company that warned on Monday it could rack up losses of as much as HK$600 million ($77.41 million) for 2014.

3:01am IST

Turkish court orders Facebook to block pages insulting Mohammad - media

ANKARA - A Turkish court has ordered Facebook to block a number of pages deemed insulting to the Prophet Mohammad, threatening to stop access to the whole social networking site if it does not comply, local media reported.

World, Facebook 26 Jan 2015

India turns to corner shops, mobile phones for banking revolution

NEW DELHI/MUMBAI - India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.

Business, Top News 26 Jan 2015

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