Microsoft eyes new course as Ballmer sets retirement

SAN FRANCISCO: Microsoft chief executive Steve Ballmer announced Friday he would retire within 12 months, opening a new chapter for a company struggling to keep pace with the fast-changing tech sector.Microsoft shares leapt as much as nine percent in pre-market trade and closed up 7.3 percent at $34.76, after the surprise announcement sparked a rally in the stock."There is never a perfect time for this type of transition, but now is the right time," Ballmer said in a statement."My original

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