TechFlash: Microsoft shutters Valley branch amid layoffs; Ellison steps down

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Microsoft shutting down Silicon Valley research branch as layoffs continue Microsoft announced part of its second round of layoffs would include shutting down its Mountain View research facility, which employs 50 people. Oracle billionaire founder Larry Ellison hands over CEO reins to Catz, Hurd Ellison, 70, becomes executive chairman and chief technology officer while his lieutenants take command of the company he founded 37 years ago. Microsoft announces second round of layoffs, 747 in Puget Sound affected The company announced 2,100 layoffs today as part of its previously-announced 18,000 total cuts. Heating a skyscraper with a data center: Amazon's one-of-a-kind solution A downtown Seattle data center across the street from Amazon's new office towers will soon provide the heat for the new buildings, while providing the cooling necessary to keep the massive servers running. Amazon's latest tech cocktail: Sangria for Kindle and a bunch of new devices Amazon announced a slew of new devices Wednesday, including a $79 Kindle e-reader. Seattle startup Finagraph acquires 15-year-old Seattle financial firm Financial intelligence software company Finagraph announced Thursday that it will acquire BBI Financial, which trains bankers. Marchex lowers 2014 revenue guidance, stock is hammered Marchex shares fall more than 40 percent in early Thursday trading after Allstate deal is changed. Bezos Family Foundation to donate up to $300K for kids' reading effort Jackie and Mike Bezos, parents of Amazon.com Inc. CEO Jeff Bezos, operate the Bezos Family Foundation, which is giving up to $300,000 for children's worldwide reading efforts. Rocking out with the 40 Under 40: Business leaders pick their favorite tunes The PSBJ's annual 40 Under 40 honorees have a wonderfully diverse taste in music. We put together a Spotify playlist so you can enjoy their favorite songs. National Tech News

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