WALL STREET JOURNAL - Latest News - Microsoft Takes on iPod With Zune

WALL STREET JOURNAL - Latest News - Microsoft Takes on iPod With Zune

Microsoft plans to spend "hundreds of millions of dollars" in coming years on its effort to take on Apple's iPod with a music player named Zune.

NYSE Group Posts Strong Profit
NYSE Group reported sharply higher profit on an increase in trading revenue, in the Big Board operator's first full reporting period as a publicly traded company.

DaimlerChrysler, VW Profits Rise
DaimlerChrysler's net more than doubled on a rebound at Mercedes, but Chrysler's profit slid as sales of trucks and SUVs fell. Volkswagen posted higher earnings.

New-Home Sales Tumbled in June
New-home sales fell 3% in June and durable-goods orders, excluding defense products and aircraft, grew at a slower pace.

XM Satellite Posts Wider Loss
XM Satellite Radio posted a wider loss and again cut its subscriber estimate for the year.

DaimlerChrysler, VW Profits Rise
DaimlerChrysler's net more than doubled on a rebound at Mercedes, but Chrysler's profit slid as sales of trucks and SUVs fell. Volkswagen posted higher earnings.