Microsoft product chief Panos Panay exiting the company

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Microsoft (MSFT) shares closed slightly lower after Bloomberg reported that the company's Chief Product Officer Panos Panay is stepping down from his role and joining Amazon (AMZN) to run the department responsible for the company's Alexa and Echo products.  Yahoo Finance Tech Editor Dan Howley breaks down the news.

You'll be surprised to learn that Dubai has these ten things...Hedge funds ditched energy stocks last week for the first time in three weeks, despite a rally in oil prices triggered by the prospect of a widening supply deficit, Goldman Sachs said in a report. The move, according to the bank's prime brokerage unit, was mainly led by short sales, meaning that hedge funds were speculating on a decline in energy stocks' prices.

counterpart on Monday as investors grew more optimistic about the global economy and ahead of inflation data that could sway the Bank of Canada's interest rate outlook. The loonie was trading 0.3% higher at 1.3488 to the greenback, or 74.14 U.S. cents, after touching its strongest level since Aug. 15, at 1.3472. "The Canadian dollar is reflecting global growth optimism at the moment," said Adam Button, chief currency analyst at ForexLive.

 

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