THE NEWS WRAP: Microsoft to axe jobs

Microsoft is planning its biggest round of job cuts in five years, as the company looks to slim down and integrate Nokia Oyj’s handset unit, sources have told Bloomberg.

 

One of the sources speculates the reductions will be in engineering, marketing, and areas that overlap with Nokia.

 

The restructuring could be unveiled as soon as this week.

 

Apple and IBM partner to “transform enterprise mobility”


Apple and IBM have announced an exclusive partnership on a new range of business apps that will bring IBM’s big data and analytics capabilities to iPhone and iPad.

 

A statement from Apple announcing the move says the partnership aims to “redefine the way work will get done, address key industry mobility challenges and spark true mobile-led business change”.

 

This will be done by a host of native apps for iPhone and iPad, unique IBM cloud services optimised for iOS, AppleCare support tailored for enterprise, and new packaged offerings from IBM for device activation, supply and management.

 

Alan Mulally appointed to Google’s board of directors


Google has announced former Ford CEO Alan Mulally will be joining its board of directors and will serve on Google’s Audit Committee.

 

Overnight


The Dow Jones Industrial Average is up 5.26 to 17,060.68. The Australian dollar is currently trading at US94 cents.

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