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Online woes spark first ever loss for Microsoft
Microsoft has posted its first ever loss, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations. Microsoft still recorded an annual profit of $16.98 billion and said Thursday the results reflected “solid revenue growth and…
U.S. regulators call for tighter online privacy rules
The US Federal Trade Commission (FTC) called for Internet users to be given an easy-to-use “Do Not Track” feature in a report released on Monday backing tighter online privacy laws. The FTC voted three-to-one to put its seal on recommendations for businesses and US legislators to better protect people’s privacy in “an era…
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