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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




Prom spending is on the rise again

NEW YORK (AP) - The prom is making a big comeback.

April 26, 2013 | | Nation






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