VENTURE CAPITAL POST

Microsoft Corporation introduces Microsoft Band 2. It will be on sale for $249 starting October 30. The new Microsoft Band fitness tracker was unveiled on Tuesday. It will run on Windows 10 OS. The wearable band will be available for $249.

The China's Commerce Ministry has slapped a fine on a joint venture (JV) between Microsoft Corporation and its Chinese partner BesTV in Xbox game console venture for breaking antitrust laws. However, the Redmond-based global IT major has escaped from a major penalty as the investigation didn't find any major fault on the part of Microsoft over market competition rules. The investigation on Xbox marketing drive revealed that Microsoft didn't obstruct the free market competition. The Chinese Commerce Ministry has imposed a penalty of Yuan 200,000 ($31,430) on Microsoft JV firm in China.

As part of its new strategy, Microsoft Corporation will announce quarterly results under the three new headers based on operating a segment-wise business. The global software major has devised a rearranging system for financial results by restructuring business into three operating segments.

U.S. International Trade Commission terminates the patent infringement case filed by the InterDigital Inc. against Microsoft Corporation. ITC is breaking off the import ban of Microsoft handsets.