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  • Magnitude-4.0 Quake Near Seabeck

    quake91714A magnitude-4.0 earthquake rattled the Puget Sound in Washington state early Wednesday. The earthquake was centered near the town of Seabeck in Kitsap County, about 40 miles west of Seattle. The shaking was felt as far away as Everett, Olympia and… Read More +

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  • Everett Optometrist Arrested On Molestation Charges

    obrien-courtEverett police say an optometrist molested a 10-year-old girl during an examination, and detectives suspect there may be more victims. Police spokesman Aaron Snell says 33-year-old John P. O'Brien of Bellevue was arrested on suspicion of first-degree child molestation on Tuesday… Read More +

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  • Mariners Rout Angels 13-2

    mariners newsMike Zunino's two-run double keyed a four-run fifth inning and the Seattle Mariners climbed within a game of the second AL wild-card spot by routing the Los Angeles Angels 13-2 on Tuesday night. The Mariners haven't been to the postseason since 2001, when they won 116 games under manager Lou Piniella and tied the major league mark set by the 1906 Chicago Cubs.

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Microsoft CEO Steve Ballmer to Retire Within 12 Months

GETTY_82313_Steve Ballmer 1.jpg?__SQUARESPACE_CACHEVERSION=1377264727070KIMIHIRO HOSHINO/AFP/Getty Images (NEW YORK) -- After 33 years at the company, Microsoft CEO Steve Ballmer will retire within the next 12 months.  Until a successor is chosen, Ballmer will continue as CEO, the company said Friday morning. "There is never a perfect time for this type of transition, but now is the right time," Ballmer, 57, said in a statement. 

"We have embarked on a new strategy with a new organization and we have an amazing senior leadership team. My original thoughts on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company. We need a CEO who will be here longer term for this new direction," the statement continued.

The company said lead independent director John Thompson will head up the search for a new CEO and the committee will include founder and Chairman Bill Gates.   Investors cheered the news, sending Microsoft shares up 6.7 percent to $34.57 just after the opening bell in New York.

"The board is committed to the effective transformation of Microsoft to a successful devices and services company," Thompson said in a statement.  "As this work continues, we are focused on selecting a new CEO to work with the company's senior leadership team to chart the company's course and execute on it in a highly competitive industry."

Ballmer, who was Microsoft's 30th employee, has been CEO since 2000. He's overseen a period of change as the world's largest software maker has transitioned away from its focus on PC operating systems to multiple platforms and hardware such as tablets.

Copyright 2013 ABC News Radio

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