Microsoft shares rose to an all-time high in after-hours trading on 20 October, after the software giant posted better-than-expected first quarter results. The rise in profits was helped by an 8% jump in cloud revenue to $6.4bn, with the firm reporting that the use of its Azure cloud computing platform had more than doubled since last year. The news sent Microsoft shares 6% higher to $60.73 in New York, overtaking its previous peak of $59.97 in 1999 during the dot-com boom.
NEW YORK (Reuters) - U.S. stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.
By Lawrence White LONDON (Reuters) - Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues. Former Goldman Sachs banker Matthew Westerman, who took over as head of the Global Banking division in May, has made sweeping changes in the drive to steal market share in a business area where HSBC lags most of its major peers. The London-based lender wants to capitalise on the waning fortunes of its German and Swiss competitors Deutsche Bank , Credit Suisse and UBS .
Quote of the Day
If you are never scared, embarrassed or hurt, it means you never take chances.- Julia Soul