Not meeting quarterly revenue expectations by US$1 billion is not too bad – if you are Microsoft.  "I can't say it's good. We're still down. But on a relative basis, it was a reasonable year, given the context of the environment," so Chris Liddell, Microsoft's chief financial officer. The comment followed last week’s announcement of [...]

Microsoft and Yahoo announced a partnership Wednesday in a bid to challenge Google's dominance in online search. Searches performed at Yahoo.com will be powered by Microsoft's new Bing search engine. Yahoo, in turn, will be responsible for attracting advertisers. Microsoft said that it will pay Yahoo 88% of the revenue it gains from searches on [...]