HP to cut 27,000 jobs to save up to $3.5B annually
Hewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.
Pinterest: 5 Ways to Use the Social Site
Pinterest has taken the Internet by storm. Here are five ways to use the social pinning site.
Major decisions under new HP CEO Meg Whitman
Meg Whitman became CEO of Hewlett-Packard Co. in September, replacing Leo Apotheker, who was fired after less than a year on the job. Here are some major decisions under her leadership:
Cocktail Crossfire: Are Nasty, Evil, Anonymous Commenters Good for Anything?
Currently there are bills in both houses of the New York State Legislature that would, reports Wired's David Kravets, "require New York-based websites, such as blogs and newspapers, to 'remove any comments posted on his or her website by an anonymous poster unless such anonymous poster agrees to attach his or her name to the post.'” The purpose of this proposed legislation is to limit cyberbullies and their impact, and to cut down on "mean-spirited and baseless political attacks. ...
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
Expedia shares rose on signs of growth in Europe
Expedia Inc.'s shares rose Wednesday after an industry report showed that the online travel company may be making gains in Europe.
