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News

  • WSJ: Apotheker ouster from HP CEO job imminent

    Hewlett-Packard CEO Leo Apotheker will likely be removed from his position on Thursday and replaced by HP director and former eBay CEO Meg Whitman, according to a Wall Street Journal report.

  • HP confirms layoffs at Palm unit

    HP has started laying off workers associated with last year's billion-dollar acquisition of Palm, as it closes down the mobile device business it planned to base on Palm's webOS. The news comes almost exactly a month after HP announced a sweeping reo...

  • Cisco profit fell one-third in Q4

    Cisco's profit in its fiscal fourth quarter fell about one-third from a year earlier, while its sales increased only 3.3 percent, the company reported on Wednesday.

  • RIM COO retires as company lays off one-tenth of staff

    Research in Motion will lay off 2,000 staff, or a little more than 10 percent of its workforce, and make changes to its senior management team, it announced Monday. Chief Operating Officer for Blackberry, Don Morrison, will retire, but Co-CEOs Jim Ba...

  • News Corp. unloads MySpace

    MySpace, which dominated the social-networking market in the mid-2000s before Facebook eclipsed it, has been sold by its parent company News Corp. to digital media company Specific Media.

  • Acer cuts staff in Europe, takes $150 million charge

    Acer is laying off 300 employees in Europe and taking a charge of US$150 million, as the company tries to streamline operations following the departure of CEO Gianfranco Lanci in March after a conflict with the company's management.

  • Cloud storage startup Cirtas retreats

    Another cloud storage operation shut down last week when startup Cirtas Systems, which developed a controller for storage in the cloud, announced it was leaving the market to regroup.

  • Acer to lay off 10 percent of China staff

    Acer, one of the world’s biggest PC makers, will lay off 10 percent of staff in China as its workforce there overlaps with that of local partner Founder Technology, a company spokesman said on Friday.

  • Report: U.S. panel to recommend reversing Huawei deal

    A U.S. committee that overseas foreign investments will likely recommend that President Barack Obama reverse a deal by Chinese network supplier Huawei to acquire intellectual property from a U.S start-up, according to a report by The Wall Street Jour...

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