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Microsoft Discounts Cloud Services Challengin Amazon

Microsoft Corp. unveiled price cuts for Web services, seeking to catch up to market-leader Amazon.com Inc. in cloud computing.

Starting Nov. 1, Microsoft will offer discounts for its Windows Azure cloud service, as well as annual payment plans for customers signing long-term contracts, said Satya Nadella, Microsoft’s cloud and enterprise chief who has been named as a possible replacement for retiring Chief Executive Officer Steve Ballmer.