Social media posts by pro-Russian insurgents — most of them hastily removed — suggest the rebels thought they had shot down a Ukrainian army plane before realising in horror that it was in fact a packed Malaysian airliner. The Twitter and blog messages were immediately publicised by top Kiev officials in their furious information war with the Kremlin for global opinion and the hearts and minds of ethnic Russians caught in the worst East-West crisis since the Cold War. Confirmation of separatist fighters killing 298 passengers and crew on a flight from Amsterdam to Kuala Lumpur would further complicate Russian President Vladimir Putin’s efforts to paint their uprising as a fight for self-determination. Russia’s state media avoided any mention of the controversial posts and instead reported militia leaders’ later charges that the Ukrainian air force had shot down the Boeing 777 liner instead.
LOS ANGELES (AP) — Microsoft announced the biggest layoffs in its 39-year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO’s sharpest pivot yet away from his predecessor’s drive for the company to make its own devices.
By Noel Randewich SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc posted a net loss for the second quarter and gave a revenue forecast for the current quarter that missed expectations, sending its shares sharply lower. A strong quarterly report this week from Intel Corp underscored expectations on Wall Street that the worst is over for a personal computer industry hammered by the mobile revolution.
Following the enormous round of layoffs announced this morning, Microsoft has now confirmed that Xbox Entertainment Studios will be getting the axe as well. Re/code was the first to report that despite the fact the entertainment division of the Xbox team didn’t receive a mention in Microsoft CEO Satya Nadella’s letter on Thursday morning, Microsoft will be shutting the door on future Xbox original programming initiatives. Xbox Entertainment Studios was created in 2012 after Microsoft hired a veteran of the TV industry, former CBS entertainment president Nancy Tellem, to lead the charge. Microsoft announced the first batch of Xbox Originals coming from the division back in April. Several of the shows already in production, including Halo Nightfall and the documentary series “Signal to Noise,” will be completed,
ALBANY, N.Y. (AP) — New York regulators on Thursday proposed establishing rules for firms involved in receiving, transmitting and storing virtual currency, as well as retail conversions. …read more
Image sharing service Imgur is introducing a redesigned front page, advanced search functions and new discovery tools, highlighted by the addition of user-suggested tags. This will allow users to curate personalized galleries or filter out unwanted images. Tags can also be voted on, ensuring only the most relevant material will receive attention.
By Harro Ten Wolde FRANKFURT (Reuters) – German business software maker SAP raised its sales forecast for web-based software on Thursday, saying competitors were unable to match the security of its cloud computing systems. Cloud computing allows businesses to cut costs by ditching bulky servers for network-based systems using remote data centres run by technology companies. Chief Executive Bill McDermott said he expected to snatch business from pure cloud service providers such as Salesforce.com and Workday Inc. SAP shares were up 3.2 percent at 0800 GMT (4.00 a.m. EDT), at the top of a European technology share index, which was up 0.7 percent. “Cloud growth is encouraging,” said Harald Schnitzer, analyst at DZ Bank.
Microsoft is clearly taking a cautious stance on the European Union’s “right to be forgotten;” several weeks after Google started accepting requests to scrub yourself out of search results, you can finally ask for the same treatment on Bing. The company has posted a form that walks EU residents through the request process, giving them a relatively easy way to block offending pages from showing up in queries.
By Harro Ten Wolde FRANKFURT (Reuters) – German business software maker SAP raised its 2014 outlook for its web-based software services as its customers switch to these so-called cloud-based products, while reporting a smaller-than-expected second-quarter operating profit. The company now expects revenue from cloud subscriptions and support revenue to come in at between 1 billion euros ($1.35 billion) and 1.05 billion at constant currencies this year, up from a previous outlook for 950 million to 1 billion euros. …
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