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Consumer Corner: Foreclosure settlement no magic bullet for economy
REDMOND, Wash., Sept. 20 (UPI) -- U.S. software giant Microsoft Corp. said Tuesday it was reorganizing itself into three divisions.
Each division will have its own president: The Microsoft Platform Products & Services Division will be led by Kevin Johnson and Jim Allchin as co-presidents; Jeff Raikes has been named president of the Microsoft Business Division; and Robbie Bach has been named as president of Microsoft Entertainment & Devices Division.
In addition, the company said Ray Ozzie will expand his role as chief technical officer by assuming responsibility for helping drive its software-based services strategy and execution across all three divisions.
"These changes are designed to align our business groups in a way that will enhance decision-making and speed of execution, as well as help us continue to deliver the types of products and services our customers want most," said Steve Ballmer, chief executive officer at Microsoft.
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HOUSTON, Feb. 14 (UPI) --
Oilfield services company Weatherford International said a U.S. judge found no evidence its equipment in the Gulf of Mexico contributed to a 2010 oil spill.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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