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HP taps software exec as chief operating officer

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 ...

May 30, 2012 | | Nation










Facebook HQ expansion approved by Menlo Park

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.

May 30, 2012 | | Nation


Facebook's stock falls below $30

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 ...

May 29, 2012 | | Nation








Apple CEO Cook gives up $75M in dividends

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 ...

May 25, 2012 | | Nation


Yahoo kills 'Livestand' 6 months after debut

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; ...

May 25, 2012 | | Nation




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Articles by Section - Nation


Microsoft changes Xbox One policies after outcry

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.

June 19, 2013 | | Nation


Men's Wearhouse ousts founder

June 19, 2013 | | Nation


Dotcom 'in tears' after Megaupload files deleted

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 ...

June 19, 2013 | | Nation


Fed may slow bond purchases

June 19, 2013 | | Nation


Car quality dinged by tech glitches

June 19, 2013 | | Nation


Firm seeks FAA OK for roller coaster

RIDES

June 18, 2013 | | Nation


Firm seeks FAA OK for roller coaster

RIDES

June 18, 2013 | | Nation


Taco Bell jumps on protein craze with test

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 ...

June 18, 2013 | | Nation


Starbucks to post calorie counts

June 18, 2013 | | Nation


Yahoo discloses number of data requests

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.

June 18, 2013 | | Nation




Warner, Atlantic sued over unpaid internships

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.

June 17, 2013 | | Nation




Lowe's offers to buy Orchard Supply stores in California for $205 million

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 ...

June 17, 2013 | | Nation




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