ramps

Microsoft reports stronger-than-expected earnings as it ramps up capital spending

Microsoft’s Q1 profits beat analysts’ estimates as cloud computing continued to grow.Q1 capital spending reached $20 billion, up from $19 billion in Q4.Microsoft shares edged higher in after-hours trading. Microsoft reported better-than-expected first-quarter results after the closing bell on Wednesday, and continued to ramp up its capital spending as it…

Corona Cero’s Olympic bet ramps up rivalry in zero-alcohol beer By Reuters

By Emma Rumney LONDON (Reuters) – Anheuser-Busch InBev is betting on Olympic sponsorship to help its new Corona Cero brew become a top-selling zero-alcohol beer globally, but it will need to catch up with rivals like Heineken (AS:) 0.0, a leading player in major markets. The Olympic sponsorship, announced in…

Deja-vu? In Olympics push, France ramps up war on fakes By Reuters

By Helen Reid, Layli Foroudi and Mimosa Spencer PARIS (Reuters) – In the touristy Saint-Ouen flea market, not far from the Stade de France where athletes will compete in this summer’s Paris Olympics, police officers swarmed in at dawn on April 3 and shut down 11 stores selling counterfeit bags…