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Satya Nadella took over as CEO of Microsoft in 2014 and pivoted the technology giant into the hugely lucrative and expanding cloud arena. (Ted S. Warren/AP). Microsoft and Apple have dueled all week for the title of most valuable U.S. company, reviving a decades-long rivalry marked by industry domination, misfires, comebacks, iconic gadgets and two transformative business leaders: Bill Gates and the late Steve Jobs. Microsoft, based in the Seattle area, was within $1 billion of unseating the Silicon Valley iPhone maker for largest U.S. market capitalization on Wednesday. Market cap is the total value of a company’s stock shares. “They are in a battle,” said Howard Silverblatt of S&P Dow Jones Indices. Full story

1 December