US computing giant Microsoft has reported the first unprofitable quarter since it became a public company in 1986 after it wrote down the value of its failing online ad business, reported RIA Novosti. The loss of $492 million in the fourth quarter stems mainly from the company's acquisition of online ad service aQuantive for $6.3 billion in 2007, which failed to compete with rival Google Inc. Click here for full story
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
