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Microsoft announces its largest round of layoffs ever to help create a "platform and productivity" company for the future.
Mulally could soon help with Google's self-driving vehicles ans well as the company's push to get Android technology into cars.
The 635 is a successor to last years super-popular Lumia 620 model. This new handset is an improvement in nearly every way.
The first Lumia phone to come from Microsoft is the first to include the newly updated Windows Phone 8.1 operating system.
Latest rumors have Yahoo spending a big portion of its upcoming windfall from the Alibaba IPO on buying America Online.
Analyst reports mass production of Apple smartwatches might not begin until November possibly missing the holiday shopping season.
Both Gartner and IDC report almost flat - but better than expected personal computer numbers.
Analysts believe Garmin could face problems competing with new smartphones and smartwatches from Apple and others.
Samsung blames its poor showing on a number of factors but doesn't mention rivals Apple or Xiaomi.