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The outgoing CEO admits that Microsoft is still in the "early days" of a turnaround.

FORTUNE -- Microsoft CEO Steve Ballmer isn't done saying goodbye just yet. After a heartfelt speech to employees late last month, on Monday Ballmer published his final letter to shareholders, taking the opportunity to extoll the company's ongoing "transformation" into a devices and services provider and highlight its key milestones over the last year.


"We brought Windows MORE

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Company says it has raised more venture funding than any other Bitcoin startup.

FORTUNEĀ -- BitPay is touting itself as the top dog in the Bitcoin payment processing space with an announcement Tuesday that it has raised $30 million in a funding round.


Its total accumulated funding: $32.7 million, according to a release.


The three-year-old startup has a celebrity list of investors, including PayPal's founder Peter Thiel, Hong Kong billionaire Li Ka-shing, and British

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In the Fed's mirror, a stock market bubble is appearing farther away than it may actually be.
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Since the financial crisis, the government has become one of the largest holders of American debt, and critics say its inflexibility is holding back the recovery.
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The company has been notoriously lagging in software-as-a-service. Enter one energetic and eccentric executive, Lars Dalgaard.

FORTUNE -- SAP's Lars Dalgaard has been called irrepressible, energetic and eccentric (and, according to at least one analyst, a "lunatic"). But he may be just what the stodgy company needs to give it a shot in the cloud.


As nimbler players like Salesforce (CRM) and soon-to-be-public Workday have expanded their cloud offerings and customer base, MORE

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Banks in France, including non-French ones, will no longer be allowed to offer guaranteed bonuses to traders and other staff under new rules announced Nov. 5. The only exception is for signing bonuses for new employees, and they are limited to a maximum of one year.
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It's a bit puzzling: Over the past 20 years, as women have made tremendous gains in the business world, the percentage of B-school students who are female has remained at about 30%, or roughly the same now as in the late '80s. (By contrast, female enrollment in law and medical schools has risen over the same time period to about 50%.)
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Yahoo CEO Marissa Mayer breaks her silence about ending the work-from-home policy, saying it was "wrongly perceived as industry narrative."
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Fairholme Fund: (FAIRX) Manager: Bruce Berkowitz Return since 12/01/08: 53%
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As head of the global structured finance syndicate at Lehman Brothers (he was promoted to a different job in 2006), Kevin White created the kind of collateralized debt securities that fueled the financial bubble -- and still bedevil many bank balance sheets.