PALO ALTO (AP) - Hewlett-Packard Co. has promoted Bill Veghte to chief operating officer, the latest expansion of his responsibilities since the slumping technology company hired Meg Whitman as its CEO eight months ago. The appointment announced Wednesday makes it clear that Whitman intends to lean heavily on Veghte as she tries to boost HP's earnings and sagging stock price. Management missteps ...
MENLO PARK (AP) - A Silicon Valley city where Facebook has opened its new headquarters voted Tuesday to support an environmental impact report and development agreement for a project that will allow the social media giant to employ thousands more people at the campus.
NEW YORK (AP) - Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month. The stock fell $3.07, or 9.6 percent, to close at $28.84 on Tuesday. That's down 24 percent since its public stock debut. It went as low as $28.65 earlier in the day. Facebook Inc. began trading publicly ...
NEW YORK (AP) - Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees. In a filing with the Securities and Exchange Commission on Thursday, Apple Inc. said that Cook requested that his restricted stock units not receive dividends. The dividends that Apple workers are getting amount to ...
SAN FRANCISCO (AP) - Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad. The decision announced Friday is part of the struggling Internet company's latest turnaround effort. Last month, Yahoo Inc. told analysts it would close or combine about 50 services that haven't been performing up to expectations. <p style="line-height: 18pt; ...
NEW YORK (AP) - Microsoft rolled back a much-criticized requirement that its upcoming Xbox One gaming console be regularly connected to the Internet and made clear that there will be no limitations on sharing games.
WELLINGTON, New Zealand (AP) - Megaupload founder Kim Dotcom said Thursday he was "in tears" after a European company deleted all the data it was hosting from his shuttered file-sharing site. Netherlands-based LeaseWeb announced it had deleted all Megaupload files from 630 servers. LeaseWeb said in a statement it hosted the data for over a year at its own expense without receiving any requests to access it or retain it before deciding the time had ...
NEW YORK (AP) - Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience - young men. The chain says it will start testing the menu July 25 at about 40 locations in Dayton, Ohio. The burritos and bowls will have double portions of chicken or steak, and toppings such as corn, guacamole and reduced fat sour cream. They'll be made with existing ingredients, including ...
SUNNYVALE (AP) - Yahoo is the latest company to disclose how many requests for user data it has received from U.S. government agencies, putting the number between 12,000 and 13,000 in the six months that ended on May 31.
NEW YORK (AP) - A former intern filed a class-action lawsuit Monday against Warner Music Group and Atlantic Records over his unpaid internship, similar to a spate of recent lawsuits in other industries pushing back against the widespread practice.
MOORESVILLE, N.C. (AP) - Lowe's plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash. Orchard Supply filed a voluntary Chapter 11 bankruptcy petition on Monday, so the offer from Lowe's will become the "stalking horse" bid for an auction of Orchard's assets. Such a bid sets the floor for an auction process that lets competitors make better offers. The California market is ...