Why Microsoft (MSFT) Stock Is Higher Today

NEW YORK (TheStreet) --  Microsoft stock is up 0.82% to $44.44 as the company revealed it will shut down the Xbox Entertainment Studios as part of its restructuring, as it focuses on strengthening its core videogame business, Re/code reports. The closure will affect 200 employees as part of Microsoft's announcement this morning that it's cutting 18,000 jobs, or 14%, of its workforce. Must read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful ...