Tech Business Recap: Microsoft Does OVERTIME With Nokia, Amazon LAUNCHES EC2

It appears that Microsoft Corporation (NASDAQ:MSFT) still is not done with the development of Windows Phone 8, says The Verge, but is said to be “working overtime” with Nokia Corporation (NYSE:NOK) to ensure that the operating system is ready for its intro date of October 29th. For its part, Nokia would be severely impacted by a serious delay, as its Lumia 920 and 820 WP8 phones are already set to begin selling weeks after sales of the next iPhone debut. In the meantime, AT&T Inc. (NYSE:T) is said to intend to begin the sales of the 920 and 820 on Nov. 2nd.

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Amazon.com, Inc. (NASDAQ:AMZN) has launched its new EC2 Reserved Instances Marketplace service, which enables customers to pay a one-time payment in order to reserve computer capacity for a fixed block of time. The service allows customers to sell their excess reserved cloud computing capacity, as well.

Yahoo! Inc. (NASDAQ:YHOO) will finalize its transaction to divest Alibaba assets in one week, says AllThingsD, but it is not yet determined whether the company will consider returning any of the bonus to investors as a special dividend or in share repurchases.

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