Technology Report: Microsoft profit up on strong commercial sales, no word on CEO

	Click to View in Browser 01/23/2014 Microsoft profit up on strong commercial sales, no word on CEO SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal second-quarter profit rose 3 percent, as strong sales of its Office software to businesses offset another weak quarter for its flagship Windows system, which is suffering as consumers increasingly favor tablets over personal computers. Exclusive: FBI warns retailers to expect more credit card breaches WASHINGTON (Reuters) - The FBI has warned U.S. retailers to prepare for more cyber attacks after discovering about 20 hacking cases in the past year that involved the same kind of malicious software used against Target Corp in the holiday shopping season. Lenovo to buy IBM's low-end server unit for $2.3 billion (Reuters) - Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion in what would be China's biggest technology deal. Icahn takes another $500 million bite out of Apple SAN FRANCISCO (Reuters) - Activist investor Carl Icahn picked up another $500 million of Apple Inc shares on Thursday to take his investment in the iPhone maker to $3.6 billion, while ratcheting up his months-long campaign to pry open the company's cash hoard. Netflix shares to open higher after strong customer additions forecast (Reuters) - Netflix Inc's shares were set to open 18 percent higher on Thursday, after the world's largest video streaming company said it expected customer additions in the U.S. to remain strong, prompting at least six brokerages to raise their price targets on the stock by as much as $55. Mobile lobby group says UK fees hike threatens 4G roll-out LONDON (Reuters) - Telecom operators in Britain may rein in spending on high-speed 4G networks if the country presses ahead with a plan to quadruple the cost of renting airwaves, mobile phone industry group GSMA said on Thursday. AOL to acquire firm that personalizes content for $83-mln (Reuters) - AOL Inc has agreed to buy Gravity, a company that tailors content according to the reader's interest, for $83 million, a move to help better target advertising the company said on Thursday. Alibaba, Yunfeng to invest $170 million in drug data project BEIJING (Reuters) - Chinese e-commerce company Alibaba Group said on Thursday it would help fund a pharmaceutical information platform being developed by CITIC 21CN Co., a subsidiary of CITIC Group. Nokia sets sights on reviving wireless network sales HELSINKI (Reuters) - Nokia has reported a steep fall in sales at its network equipment division, raising concerns about growth prospects for what will be its primary operation after selling its former flagship phone business to Microsoft. EBay dismisses Icahn proposal to spin off Paypal (Reuters) - Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor. Related Video Graphene - a 21st Century wonder discovery Entrepreneur cleans up in Gaza Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend