Microsoft (MSFT) slips on shifting ad business to AOL

Microsoft

shares backtracked 0.4% to $44.19. The company is exiting the ad-sales business and has contracted AOL Inc. to handle all its ad sales across Microsoft's properties. As part of the partnership, Microsoft's Bing will power all search results and advertising on AOL properties for the next decade. Share volume was 10.9 million compared to an all-day average of 34.4 million