Microsoft names Nadella as CEO, Gates steps down as chairman

CNNMoney: Microsoft Corp. has named Satya Nadella as its new CEO and announced that founder Bill Gates will step down as chairman of the company's board. Nadella is a 22-year veteran of Microsoft who has been overseeing various aspects of the company's corporate software business since 1992. Over the past several years, Nadella's cloud and enterprise division has been one of Microsoft's best-performing units.

 

U.S. opens taps, a bit, on oil exports to Europe

Reuters: The U.S. government has authorized limited crude oil exports to Europe, for the first time in years, raising new questions about how companies are testing the limits of a controversial, decades-old export ban. The Department of Commerce has granted two licenses to export U.S. crude to the U.K. since last year and another two to export to Italy, according to data Reuters obtained through a Freedom of Information Act request.

 

Google executive chairman expects approval of Lenovo-Motorola deal

Reuters:  Google Inc. Executive Chairman Eric Schmidt expressed confidence on Monday that Lenovo Group Ltd. would gain approval from U.S. regulators to buy Google's Motorola smartphone hardware business in what would be China's biggest technology acquisition to date. Schmidt said he saw "a good chance" of the deal passing muster with the Committee on Foreign Investment in the United States, which monitors acquisitions by overseas corporations.