Consumer Corner: Microsoft could post first loss in 20 years - KYTX CBS 19 Tyler Longview News Weather Sports

Consumer Corner: Microsoft could post first loss in 20 years

Posted: Updated:

(CBS/CNN) - Microsoft is in danger of reporting its first quarterly loss in the last 20 years.

The world's largest software company will absorb a $6.2 billion dollar charge stemming from an online advertising service it bought in 2007.  Analysts estimate Microsoft earned about $5.3 billion dollars in the quarter that ended in June, so that charge would send the company into the red.

Gas prices have been on the way down, and that means travel is on the way up for the Fourth of July. Triple A forecasts more than 42 million Americans will be hitting the road this week.  With more company on the highways, preparation is key, especially with kids on board. Travel experts say you want to make sure you pack the essentials-- food, snacks, cell phone charger and entertainment for the kids.

A trip to the mechanic for a pre-trip summer tune-up could save money on emergency roadside repairs.  Tires, especially, can be a problem in hot temperatures.  Avoid a potentially dangerous mix of speed and hot pavement, by keeping them properly inflated.  An emergency kit should include a charged cell phone and if it's a smartphone, load up location-based apps that can find help no matter where you are.

U.S. farmers are betting corn will be this year's cash crop.  The Department of Agriculture say more than 96 million acres of corn were planted in the spring, the most since 1937.  Corn is used in thousands of food products as well as livestock feed and ethanol.

  • Local News

  • Tuesday, May 21 2013 9:59 PM EDT2013-05-22 01:59:49 GMT
    (KYTX) - An oil tank fire is still burning after a lightning strike earlier Tuesday night. The North Cherokee Fire Department said lightning struck the tank around 8pm on Highway 135 in Mixon. Fire crews
    (KYTX) - An oil tank fire is still burning after a lightning strike earlier Tuesday night. The North Cherokee Fire Department said lightning struck the tank around 8pm on Highway 135 in Mixon. Fire crews
  • Tuesday, May 21 2013 7:46 PM EDT2013-05-21 23:46:39 GMT
    (KYTX)- If you are under a tornado warning, seek shelter immediately! Most injuries associated with high winds are from flying debris, so remember to protect your head. IF YOU ARE IN:  A structure (e.g.
    (KYTX)- If you are under a tornado warning, seek shelter immediately! Most injuries associated with high winds are from flying debris, so remember to protect your head. IF
  • Tuesday, May 21 2013 4:12 PM EDT2013-05-21 20:12:41 GMT
    (KCEN) -- Shocking numbers show since the 2009 Fort Hood shooting accused gunman Nidal Hasan has received $278,000 in pay from the Army. Under the Uniform Code of Military Justice, Hasan is still considered
    Shocking numbers show since the 2009 Fort Hood shooting accused gunman Nidal Hasan has received $278,000 in pay from the Army.
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2004 - 2013, WorldNow and KYTX, Owned and Operated by London Broadcasting Company.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.