Morgan Stanley pushes further into the cloud via new Microsoft partnership June 2, 2021 Morgan Stanley and Microsoft today announced a cloud partnership to accelerate the bank’s IT improvements and explore the application of the cloud in financial services. The partnership will see cooperation between the Microsoft Azure and Morgan Stanley Technology teams, focussed on solving problems in financial services. This will include developing and co-designing new digital infrastructure [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Bill Gates left Microsoft board amid investigation into affair May 17, 2021 Microsoft founder Bill Gates had an affair with an employee and stepped down from the company’s board during an investigation into the matter, according to multiple reports. The tech giant today confirmed that it had launched a probe almost two years ago after receiving a complaint about Gates’ behaviour. A spokesperson said the company had [...]
Microsoft buys AI firm Nuance for $19.7bn in healthcare push April 12, 2021 Microsoft today said it will buy AI health firm Nuance Communications in a $19.7bn (£14.3bn) deal as it looks to bolster its healthcare offering. Massachusetts-based Nuance offers artificial intelligence and speech technology services designed to automate clinical administrative work and reduce the burden of paperwork on doctors. Microsoft said its offer of $56 per share [...]
Now UK companies told to update security urgently after Microsoft hack in US hit 30,000 firms March 12, 2021 UK companies told to update security urgently after Microsoft hack in US hit 30,000 firms
Microsoft hack: Biden sets up emergency taskforce as EU banking regulator hit March 9, 2021 US President Joe Biden has launched an investigation into a widespread cyber attack on Microsoft’s email services that may have compromised tens of thousands of businesses. The attack, which was first uncovered last week, has taken advantage of previously undiscovered vulnerabilities in Microsoft’s mail server software to potentially gain access to swathes of organisations in [...]
Google and Microsoft object to Nvidia’s $40bn Arm takeover February 13, 2021 Google and Microsoft have objected to the $40bn (£29bn) takeover of British chipmaker arm by Nvidia as the deal faces an in-depth competition probe in the US. The two tech giants, as well as semiconductor rival Qualcomm, are among the companies to object to the mammoth merger amid concerns it could harm competition. The US [...]
Microsoft ‘made takeover approach’ for social media site Pinterest February 11, 2021 Microsoft is said to have approached Pinterest over a potential deal to buy the $51bn (£27bn) social media platform. The US tech giant held talks with Pinterest in recent months but negotiations are not currently active, the Financial Times reported, citing people briefed on the matter. The approach comes at the height of a pandemic-induced [...]
Before the Bell: Investors look to the Fed and zoom in on Apple and Facebook January 27, 2021 Markets in Europe look set to continue to be driven by the prospect of further restrictions being imposed by governments concerned about seeing further increases in coronavirus cases, from speculation about a third lockdown in France, which could come by the weekend, to the prospect of further restrictions here in the UK in the form [...]
Covid-19 drives growth at Microsoft as cloud business benefits from home working January 26, 2021 Revenue was up at Microsoft in its second quarter, with the pandemic accelerating the company’s switch to cloud-based computing. Microsoft beat Wall Street estimates for revenue growth from Azure, it’s cloud computing service, as the software giant continued to benefit from a global shift to working and learning from home. The company’s shares, which gained about [...]