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Microsoft has rushed to issue a patch for a previously unseen bug affecting IE 9 and previous versions of its browser. The problem, which affects hundreds of millions of IE browser users, is being used by attackers to install the Poison Ivy trojan. This piece of malware is used to steal data or take remote control of PCs.

Microsoft isn't just getting ready to release a new operating system on the world, the Redmond giant is also sporting a new logo. Here's the logo that it replaces: This might not seem all that exciting, but it represents the first major logo change for the company in 25 years. This logo change isn't unexpected.

This is an entirely stunning statistic: Apple's iPhone sales are now worth more than all of Microsoft: One Apple product, something that didn’t exist five years ago, has higher sales than everything Microsoft has to offer.

Valve head—and one-time Microsoft employee—Gabe Newell has branded Windows 8 "a catastrophe for everyone in the PC space" at videogame conference Casual Connect in Seattle. The Valve boss continued, saying that in the fallout from Windows 8, "we'll lose some of the top-tier PC/OEMs, who will exit the market. I think margins will be destroyed for a bunch of people." Newell criticised Windows 8 while talking about the future of the gaming industry, and you can read everything he said at VentureBeat.

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.

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.

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.