MICROSOFT LEAPFROGS EXXON TO BECOME SECOND LARGEST FIRM (STA BREAKING NEWS and ARCHIVES)

by STANews , Saturday, November 15, 2014, 16:25

Energy giant Exxon has ceded its position as the world's second-largest public company to tech firm Microsoft, after concerns about the falling price of oil drove its shares down.

Exxon's shares traded at $94.90 midday on Friday, reducing the total value of all its shares, or market capitalisation, to $401.9bn (£256.7bn).

Shares in Microsoft - which have been rising after a strong October earnings report - hit $49.81.

That gives it a value of $410.5bn.

SHORT, MORE...

http://www.bbc.com/news/business-30059820