HP to lay off about 27,000, profit slides 31 percent
SAN FRANCISCO (Reuters) - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares 11 percent higher. The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014, when the layoffs are expected to the completed. The world's No. ...
Facebook exec ducks questions about IPO debacle
BOSTON (Reuters) - Facebook Chief Operating Officer Sheryl Sandberg spoke to Harvard University students in her first public appearance since the company's disappointing initial public offering, but refrained from addressing the controversy around its messy, glitch-plagued debut. Instead, Sandberg urged students graduating this week from Harvard's business school to work for fast-growing companies, communicate honestly and address inequality in the workplace. ...
Skydiver Lands Safely Without Parachute
Stuntman  Gary Connery  plummeted from 2,400 feet — without a parachute — and landed completely unscathed in the middle of more than 18,000 cardboard boxes in Buckinghamshire, England, today. Connery became the first person to jump out of an aircraft wearing only a wingsuit and land without...
Knight Capital hit by Facebook loss, wants Nasdaq to pay
(Reuters) - Electronic trader Knight Capital Group said it suffered a pre-tax loss of $30 million to $35 million on the botched Nasdaq trading debut of social media giant Facebook and is demanding the exchange compensate that amount. The loss, which Knight said will be recorded in its second-quarter results, was due to numerous problems related to the Facebook initial public offering. ...
Ancient Plant Revived After 30,000 Years
The plant in this picture dates from the Pleistocene Age, 30,000 years ago, before agriculture, before writing, before the last Ice Age. And while it’s not accurate to say the plant itself is that old, scientists in Russia say they regenerated it from frozen cells...
Play on: Google posts synthesizer tribute to Moog
Bob Moog's synthesizer helped change the sound of modern music. On what would have been his 78th birthday, Google is paying tribute to the man with a virtual version of his famous Moog on their homepage — and it's completely playable.
