NEW YORK (AP) - Moody's Investors Service lowered the credit ratings of 15 major banks Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking.
SAN FRANCISCO (AP) - As it struggles to gain a foothold against the iPhone and Android phones, Microsoft Corp. is planning to issue a dramatic update to its phone software, one that won't be available to current Windows Phones.
NEW YORK (AP) - With the unveiling of the Surface tablet, Microsoft is heading into unusual territory: competing with its partners, the very same companies that make Windows PCs. But Microsoft has little to lose, since PC manufacturers are having little success with their own tablets.
SAN JOSE (AP) - The chipmaker Integrated Device Technology Inc. said Wednesday that it will name two directors recommended by one of its major stakeholders to its board, heading off a fight over control of the board at its next shareholder meeting.
NEW YORK (AP) - For decades, the tablet computer was like a mirage in the technology industry: a great idea, seemingly reachable on the horizon, that disappointed as hopeful companies got closer. Microsoft has experienced this cycle of hope and disappointment many times.
WASHINGTON (AP) - The Senate on Tuesday began plowing through 73 amendments to a $500 billion bill that will set farm policy and fund the food stamp program over the next five years. One of its first votes was to reject a proposal to trim food stamp spending.