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Microsoft Corp. (MSFT) had a bigger gain in multiyear software deals than analysts predicted last quarter, a sign that businesses are flocking to the company’s programs as consumers delay purchases or opt for competitors.

Microsoft said Thursday that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. The software company had warned that it was taking a $6.2 billion charge because its 2007 purchase of online ad service aQuantive hasn't yielded the returns envisioned by management. The non-cash adjustment is something companies do when the value of their assets decline. Microsoft Corp. paid $6.3 billion for aQuantive, only to see rival Google Inc. expand its share of the online ad market.

NBC is buying Microsoft's 50 percent interest in the MSNBC website for an undisclosed amount. MSNBC.com will be rebranded as NBCNews.com, and readers who logged into MSNBC.com late Sunday were automatically redirected to NBCNews.com.

Microsoft cut some advertising and marketing jobs on Wednesday, the company confirmed to the Wall Street Journal. "I can confirm that there were job eliminations today at Microsoft," a company spokeswoman told the WSJ via email.

Microsoft is speeding up plans to kill off the Windows Gadget platform after receiving word that serious security vulnerabilities will be disclosed at the upcoming Black Hat security conference. According to a brief abstract from the Black Hat site, researchers Mickey Shkatov and Toby Kohlenberg plan to discuss weaknesses associated with Windows Sidebar and Gadgets and demonstrate "nastiness" that can be done on the platform.

Do we really need another Social Software Platform? Given Microsoft’s acquisition of Yammer, I for one am glad to see another contender jump in the game. And this one is carrying a big bat.

Microsoft Corp admitted its largest acquisition in the Internet sector was effectively worthless and wiped out any profit for the last quarter, as it announced a $6.2 billion charge to write down the value of an online advertising agency it bought five years ago. The announcement came as a surprise, but did not shock investors, who had largely forgotten Microsoft's purchase of aQuantive in 2007, which was initially expected to boost Microsoft's online advertising revenue and rival Google Inc's purchase of DoubleClick.

Microsoft agreed to buy online social network firm Yammer for $1.2 billion in cash, which will allow the software company to offer a service like Facebook's to corporate customers.

Far from throwing their existing users under a truck marked Windows Phone 8, Microsoft have promised an update that will keep their handsets up to date, and add functionality to their smartphones. It's just a shame they didn't do very well in telling the world that bit of the Windows Phone story.

On Wednesday, Microsoft announced features of its upcoming Windows Phone 8 mobile OS, including built-in turn-by-turn navigation, a secure "wallet" system, a new, faster browser and live tiles that can be custom sized to better fit the Start screen. Perhaps most importantly, the company revealed that the next wave of Windows Phones will really be Windows Phones, because when Windows Phone 8 comes out, it will share a "common core" of software with Windows 8.