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

Google cleared in Oracle suit on patents

A jury on Wednesday declared Google innocent of patent infringement in a high-stakes court battle pitting business software titan Oracle against the Internet giant.

Photos: Black Hole Shreds Star
The Lyrid meteor shower was so bright that it could been during the day and night from California to Nevada.

Regulators probe bank's role in Facebook IPO

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.

Stitcher Radio - News and Talk keeps you tuned in
Android has a plethora of podcast radio apps so it can become overwhelming trying to find the perfect one. Even Google has dipped its toes in the Internet broadcasting phenomenon with their app, Listen. Unfortunately, the search giant’s offering has its own shortcomings. Featuring an intuitive layout, radio discovery app Stitcher provides a great alternative for your favorite podcasts and radio.

NASA Time-Lapse of Sea Currents
Click on the video below and prepare to be mesmerized.  It’s called “Perpetual Ocean,� and it was put together by NASA’s Scientific Visualization Studio at the Goddard Space Flight Center in Maryland. It was actually done about a year ago, compiling data from several satellites...