“Stock futures have moved into positive territory just ahead of the opening bell amid a mixed bag of trading overseas, with emerging markets finally showing signs of recovery after more than a week of heavy losses,” Darcy Keith reports The Globe and Mail.
“Microsoft shares [surged in early trading],” Keith reports. “The company announced that CEO Steve Ballmer will retire in the next 12 months. Microsoft is a Dow component, so the stock surge should help give a left to that index as well.”
Keith reports, “[Ballmer] will stay on until his successor is chosen.”
Read more in the full article here.
MacDailyNews Take: May it take forever and a day to find a successor!
Microsoft CEO Steve Ballmer to retire within 12 months as BoD initiates succession process – August 23, 2013