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Tuesday, July 3, 2012

Online ad division costs Microsoft $6.2B

Online ad division costs Microsoft $6.2B - Market Day:

Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud. 
The non-cash charge announced Monday could saddle Microsoft Corp. with a loss for its fiscal fourth quarter ended in June. Analysts polled by FactSet had predicted Microsoft would earn about $5.3 billion for the period.