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Microsoft sheds some of its ad business, mapping service

SAN FRANCISCO- Microsoft is handing off some its digital advertising business to AOL and selling its street-image mapping operation to Uber, as the giant software company tries to focus on activities that are more relevant to its core business. AOL will now sell ads on Microsoft websites and Xbox. The ride-hailing service is acquiring a small unit of Microsoft...
Source: The Associated Press | By: By BRANDON BAILEY, AP Technology Writer
UPDATE 2-Microsoft hands display ads to AOL, maps to Uber

SEATTLE, June 29- Microsoft Corp said on Monday it will hand over its display advertising business to AOL Inc and AppNexus Inc, and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will focus on its growing search advertising business based on its Bing search...
Source: Reuters
After-hours buzz: Juno, Apollo Education & more

Check out the companies making headlines after the bell Monday: Juno, Apollo Education & more.
Source: CNBC.com | By: Karma Allen
UPDATE 1-Microsoft drops display ad, map making business

June 29- Microsoft Corp said on Monday it will hand over its display advertising business to AOL Inc and AppNexus Inc, and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will focus on its growing search advertising business based on its Bing search engine, and...
Source: Reuters
Microsoft to exit ad-display biz with AOL deal

AOL will manage and sell Microsoft's display advertising inventory across several platforms, the companies announced on Monday.
Source: CNBC.com | By: Reem Nasr
Microsoft to drop display ad business, cut 1200 jobs - Bloomberg

June 29- Microsoft Corp will close its web display advertising business, handing operations over to AOL Inc and AppNexus Inc and cutting about 1,200 jobs, Bloomberg reported. Some of the affected employees will be moved to AOL and AppNexus, while some more will be offered positions at Microsoft, Bloomberg said, citing a person with knowledge of the matter.
Source: Reuters
UPDATE 1-Google to alert drivers to railroad crossings using U.S. data

WASHINGTON, June 29- Google will add audio and visual alerts to warn drivers about upcoming railroad crossings on Google's navigation system, the U.S. Federal Railroad Administration announced on Monday. The agency also asked four other companies- Apple, Garmin, Tom Tom and AOL's MapQuest- to join similar map partnerships using the agency's data to pinpoint the...
Source: Reuters
Google, with U.S. gov't, to add rail crossing data to map system

WASHINGTON, June 29- Google and the U.S. Federal Railroad Administration have agreed to use the agency's data to add audio and visual alerts to notify drivers about upcoming railroad crossings on Google's navigation system, the FRA announced on Monday. The agency also asked four other companies- Apple, Garmin, Tom Tom and AOL's Mapquest- to join similar map...
Source: Reuters
Enticing lonely Americans to support ISIS

Even though ISIS is explicitly at odds with the West, it is making a relentless effort to recruit Westerners into its ranks for propaganda value.
Source: The New York Times | By: Rukmini Callimachi
Slight bubble, but not like the past: Pro  

Jon Brod, Confide co-founder and president & AOL Ventures founder, gives his perspective to a tech bubble.
Source: CNBC.com