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Cloud business boosts Microsoft’s quarterly revenue, shares rise

July 20, 2016 by · Leave a Comment 

“Only two companies are setting the tone of enterprise computing, Microsoft Azure and Amazon AWS,” said Trip Chowdhry, managing director of Global Equities Research, referring to Amazon.com Inc's web services unit. Microsoft's revenue in what it calls its “intelligent cloud” businesses, which includes the Azure cloud platform and server software, rose 7 percent to $6.7 billion. Revenue for Azure – which customers can use to host their website, apps or data –

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Cloud business boosts Microsoft’s quarterly revenue, shares rise

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Three U.S. states sue Volkswagen, say executives covered up diesel cheating

July 20, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil lawsuits against the company. New…

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Three U.S. states sue Volkswagen, say executives covered up diesel cheating