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China's industry and commerce regulator has asked Microsoft Corp to explain “major issues” that it says have come to light from digital data obtained as part of an anti-trust investigation. The State Administration of Industry and Commerce, or SAIC, did not say exactly what issues it was querying but the request appeared to be part of an investigation into the U.S. software titan over its Windows operating system launched in mid-2014. The company must submit a complete explanation following the inquiry, the SAIC said in a statement posted on its website.

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Microsoft Corp said on Monday fiscal second-quarter profit fell, in line with Wall Street's forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with unfavorable currency moves against the strong U.S. dollar. “While currency is a headwind for Microsoft and other large international companies, we would characterize the headline numbers as good enough, although some bulls may have been hoping for a bigger beat,” said Daniel Ives, an analyst at FBR Capital Markets. Microsoft reported profit of $5.86 billion, or 71 cents per share for the latest quarter, compared with $6.56 billion, or 78 cents per share, in the year-ago quarter.

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(Reuters) – Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company's handset business. Loaded with its latest Windows Phone 8.1 operating system, the Lumia 535 and Lumia 535 dual SIM will be priced at around 110 euros (about $137) before taxes and subsidies, Microsoft said in a statement. The phone will feature a wide-angle 5 megapixel front-facing camera and a 5-inch qHD display screen, the company said. …