Archive for June 22nd, 2008

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Bill Gates gave Fortune magazine exclusive access to some rare photos from the Microsoft archives - and shared his memories about them.

Wall Street thinks the Federal Reserve is almost certainly done cutting interest rates for the time being.

Steve Ballmer was sobbing. He repeatedly tried to speak and couldn't get the words out. Minutes passed as he tried to regain his composure. But the audience of 130 of Microsoft's senior leaders waited patiently, many of them crying too. They knew that the CEO was choked up because this executive retreat, held in late March at a resort north of Seattle, was the last ever for company co-founder Bill Gates, as well as for Jeff Raikes, one of the company's longest-tenured executives. "I've spent more time with these two human beings than with anyone else in my life," Ballmer finally said. "Bill and Jeff have been my North Star and kept me going. Now I'm going to count on all of you to be there for me."

The average price of gasoline rose nearly 10 cents over the past two weeks, according to a survey released Sunday.

Saudi Arabia will in the near future increase its daily oil production to 9.7 million barrels from 9 million to counter the sharp rise in international oil prices, Saudi King Abdullah said Sunday.

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