Microsoft shares surge up; investors welcome cost cutting measures

Microsoft shares surge up; investors welcome cost cutting measures

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Cost-cutting saves Microsoft stock after rough 3Q
SEATTLE — Shares of Microsoft Corp. jumped more than 10 percent Friday, the first trading session since the software maker said sinking personal computer shipments pushed sales and earnings down significantly from a year ago. Redmond-based Microsoft makes most of its profit from selling the Windows operating system and [...]

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