PALO ALTO (AP) - Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to reports published Thursday. The looming cuts cited by Bloomberg News and the technology blog All Things D would trim as much as 9 percent of HP's workforce, ...
NEW YORK (AP) - The owner of fast-food chains Carl's Jr. and Hardee's is planning to go public again, seeking to raise an estimated $100 million. CKE Inc. says it will use proceeds from the offering to repay debt and for general corporate expenses. It filed preliminary paperwork for the IPO Thursday with the Securities and Exchange Commission. ...
SAN FRANCISCO (AP) - Yahoo's new boss is reorganizing a consumer-commerce division created by recently dispatched CEO Scott Thompson. Instead of operating as a separate division, Yahoo's commerce operations will operate within the company's global media team. Interim CEO Ross Levinsohn announced the decision in a memo sent Thursday to Yahoo Inc. employees. ...
NEW YORK (AP) - Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.
MENLO PARK (AP) - It was supposed to be our IPO, the people's public offering.