Microsoft plans over $1 bln charge for Xbox repairs
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Microsoft Corp.  said on Thursday "an unacceptable number of repairs" to its Xbox 360 will force it to take a charge of more than $1 billion for its most recent quarter, and it announced a new, extended warranty for the video game console.
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Less than two weeks after Microsoft announced a $1 billion charge to extend the warranty of failing Xbox 360 consoles, the executive who headed the company's video game business has resigned to take a job at Electronic Arts.
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California consumers and  businesses will soon receive $1.1 billion in delayed payouts  from Microsoft Corp.  to settle antitrust claims  against the world's biggest software maker, lawyers in the case  said on Wednesday.
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Microsoft promises to refund gamers who have experienced problems with its new Xbox Live video service.
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The award for fees and costs comes in a case in which Microsoft agreed to allocate $1.1 billion for California consumers. By Associated Press.
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The suit seeks $1 billion in damages and an injunction against further violations.
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Microsoft Corp.'s fiscal fourth-quarter profit edged up 7 percent despite a hefty charge to cover the cost of defective Xbox 360 video game consoles.
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Hot money hole Microsoft is taking a $1bn hit to fix Xbox 360s, conceding residual hardware faults in its games console are causing users frustration and an "unacceptable number of repairs."â¦
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Microsoft denies accusations that Xbox 360 owners in Great Britain are treated unfairly when their consoles need repair. In Game|Life.
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Game fan upset over failed disc drive sues Microsoft on behalf of all U.S. Xbox owners.
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California lawyers who reached a $1.1 billion class-action settlement with Microsoft will get less than half the legal fees they requested.
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Microsoft will cut the price of its Xbox 360 console in Japan by about 13 percent from 39,795 yen ($348) to 34,800 yen ($304) starting November 1. The Core version of the console will now run 27,800 yen ($243), further putting pressure on Sony, which recently lowered the price of the PS3.
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InfoWorld - Microsoft expects to take an earnings charge of more than $1 billion for the quarter that ended in June related to expenses it will incur fixing faulty Xbox 360 machines.
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Microsoft Corp. MSFT.O on   Wednesday announced U.S. and European pricing and availability   for its Xbox 360 HD-DVD player and a new video game partnership   with the Academy Award-winning husband-and-wife creative team   behind "The Lord of the Rings."
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Microsoft Corp., facing its second Xbox 360 headache of the summer, will replace parts of its Wireless Racing Wheel video game controllers after 50 reports that they overheated and released smoke.
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Microsoft managed to earn a slight profit for its fiscal 2008 fourth quarter despite a billion-dollar-plus charge related to expenses the company incurred to fix faulty Xbox360 consoles.
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Microsoft said it eked out a gain in net profit despite taking a $1 billion charge to pay for repairs to its Xbox 360 game consoles.