Microsoft’s EMBARRASSING LOSS and 3 Dow Movers Making Headlines Now

Microsoft Corporation (NASDAQ:MSFT) revealed Monday that it will have to write off nearly the total cost of its $6.3 billion purchase of aQuantive in 2007, through which it expected to become an instant mover in the profitable business of serving up display ads for millions of websites. Five years on, those hopes have vanished, hence the write off.

Don’t Miss: Microsoft BLOWS Q4 Profit on This MASSIVE Writedown.

Wal-Mart Stores Inc. (NYSE:WMT) and Target (NYSE:TGT) project the hiring of tens of thousands of employees in Canada during the next couple of years, says the Financial Post. Target will be the big employers of the two, as it plans to hire as many as 27,000 people for its debut stores in Canada, while Wal-Mart expects to add 4,000 employees in 2012.

Alcoa’s (NYSE:AA) second quarter report and business developments will be the subjects of a conference call on Monday, July 9, 2012 starting at 5:00 p.m.. The call will be webcast live on Alcoa’s website, with presentation materials available on-line.

ExxonMobil’s (NYSE:XOM) CEO defended oil and gas drilling, remarking that climate change is something to which humans may adapt.

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