Unable to ping or browse to web site on Azure VM

I recent created a VM on Azure and I am trying to connect to the default web site on the VM but it fails.

Also, pinging the IP of the machine returns "Request Timed Out".

So far I have:

1. Setup IIS adding a Test.html file to c:\inetpub\wwwroot.

2. Added HTTP endpoint at port 80 through Azure Management Portal

3. Opened port 80 and 8080 in the Firewall

4. Tried to browse to http://MYIP/Test.html (with firewall on and off) --> Failure

5. Tried to ping MYIP --> Failure

When I remote desktop to the machine it requires me to specify a port. I.e. mstsc MYIP:61425. This works, but if I don't put port 61425 it fails. I assume this is for the same reason?

Any ideas?

Thanks,

--Mike