Microsoft to offer local version of Azure cloud service

Microsoft to offer local version of Azure cloud service

Microsoft to offer local version of Azure cloud service

Microsoft Corp on Monday unveiled a new service that allows customers to use its cloud technology on their own servers, part of the company's efforts to refocus its product line to compete more effectively with rivals Amazon.com Inc and Google. “One of the key differentiations we have with Azure versus our two biggest competitors in the cloud platform space is our ability to support true hybrid solutions,” Judson Althoff, Microsoft's executive vice president of worldwide commercial business, told Reuters. Microsoft is hoping to carve a niche among customers who cannot or do not want to have to move all their computing operations to the massive shared data centers that are collectively known as the cloud.


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Elliott says considering $18.5 billion deal for Oncor

Elliott says considering $18.5 billion deal for Oncor

Warren Buffet's Berkshire Hathaway (BRKa.N) made a $9 billion offer on Friday for Oncor's parent, Energy Future Holdings Corp, valuing the utility at $18.1 billion. Elliott, run by billionaire Paul Singer, said on Monday it was working on a $9.3 billion offer for Energy Future. In a letter to the board of Energy Future, Elliott said it would support a deal with Berkshire or a third party if those bids exceeded the value proposed by the hedge fund.


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Deutsche Boerse invests in bond trading platform Trumid

Deutsche Boerse invests in bond trading platform Trumid

German exchange operator Deutsche Boerse Group (DB1Gn.DE) has made a $10 million investment in Trumid, a New York-based financial technology startup that runs an electronic corporate bond trading platform, the companies announced on Monday. Trumid, which is backed by venture capitalist Peter Thiel and investor George Soros, will collaborate with Deutsche Boerse to develop products and services for the European market. Deutsche Boerse's investment is an add-on to $28 million raised by Trumid earlier this year from investors including Chinese financial firm CreditEase.


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