HP beats the Street in Q2; confirms plans to cut 27,000 jobs as Q3 guidance misses
 Hewlett-Packard on Wednesday reported its second-quarter earnings that beat Wall Street’s expectations. Analysts expected the computer giant to report revenue of $29.92 billion and earnings of $0.91 per share, but the company surprised analysts when it reported earnings of $0.98 per share on sales of $30.69 billion. HP also confirmed new restructuring plans that will involve 27,000 job cuts, or 8% of the company’s workforce, and it expects to save more than $3 billion as a result. “We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders,” said Meg Whitman, HP president and chief executive officer. “This quarter we exceeded our previously provided outlook and are executing against our strategy, but
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  HP laying off 27,000 workers in restructuring
Hewlett-Packard says it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business. iPhone 5: Reports of New Design
And the next iPhone chatter keeps on rolling. Over the last week the Wall Street Journal, Reuters, and Bloomberg have reported that the next iPhone will have a bigger screen. As previously reported by others, the WSJ and Reuters agree that the display will measure...
Mammoth 'Butchered' by Ancient Man
A young woolly mammoth, found remarkably well preserved in the tundra in Siberia, may have been attacked by lions -- but scientists say there are signs it was then butchered by ancient humans.
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