Business Update: Microsoft surprise

The recession is taking a bite out of many consumer electronics makers. Nokia, Sony, Intel were all the latest victims. Apple, however, continues to outperform. Unemployment lines grow and housing projects slow, according to the latest figures. Timothy Geithner clears first hurdle in confirmation as Treasury Secretary. Conway Gittens reports from New York.

Reuters | January 22, 2009

Tags:. .uncertain. .fiscal. .handset. .guidance. .gloomy