Reuters has reported that a merger negotiation between Hewlett-Packard Co and EMC Corp has broken down. This follows protracted negotiations that ultimately proved to be fruitless for both. The breakdown is seen…
Category: Business
Amazon to ramp up UK workforce by adding 1,000 new permanent jobs
Online retailing giant Amazon is all set to expand its UK workforce, adding 1,000 permanent jobs at distribution centers across the country over the coming months. Announcing the job additions, John Tagawa,…
GTAT to shut down Arizona facility; 890 jobs to get affected
GT Advanced Technologies (GTAT), Apple’s sapphire screen supplier for mobile devices, has announced it will shut down its sapphire manufacturing facility in Arizona, resulting in a loss of 890 jobs. Last week,…
Satya Nadella: My remarks on women pay raise are completely wrong; Maria’s advice was the right advice
Satya Nadella: I answered that question completely wrong. Without a doubt I wholeheartedly support programs at Microsoft and in the industry that bring more women into technology and close the pay gap. I believe men and women should get equal pay for equal work. And when it comes to career advice on getting a raise when you think it’s deserved, Maria’s advice was the right advice. If you think you deserve a raise, you should just ask.
Lisa Su replaces Rory Read as AMD’s new CEO
Lisa Su: I’m obviously honored and excited to accept that vision. Being CEO of AMD is a tremendous opportunity to influence the industry and influence the future of computing. I’m very excited and enthusiastic about all that’s in front of us.
Symantec splits into 2 ‘independent publicly traded companies’
Symantec: Separating Symantec into two, independent publicly traded companies will provide each business the flexibility and focus to drive growth and enhance shareholder value.
Bill Gates & Steve Ballmer ‘not in speaking terms’ due to Nokia acquisition?
Ballmer: Before I became C.E.O., I felt pretty completely responsible for the company. And I didn’t feel completely in charge until Bill left [entirely in 2008] … He didn’t know how to let me be C.E.O., and I didn’t know how to do it.
Google calls out US Supreme Court to act on Oracle copyright dispute
Google has called out for U.S. Supreme court to hear its copyright dispute case over java APIs brought in by Oracle Corp. In a request filed with the Supreme court on Monday…
Microsoft eyeing Israeli text-analysis startup Equivio for $200 million: report
Recent reports suggest Microsoft has signed a letter of intent to acquire Equivio, an Israeli text-analysis vendor. According to the Wall Street Journal report, published Tuesday, citing sources familiar with the company’s…
Nokia to cease operations at India’s Chennai facility starting November 1
Nokia Oyj on Tuesday announced it is going to cease handset production at its Chennai facility in India from November 1, owing to an unsettled tax dispute with the Indian government. Announcing…
Samsung calls out for arbitration to settle patent dispute with Microsoft
Samsung Electronics on Tuesday announced it has called out for an arbitration proceeding against Microsoft Corp in Hong Kong over the ongoing smartphone patent royalty litigation. The request for arbitration was disclosed…
Samsung expects 60% drop in Q3 profits
Samsung on Tuesday announced it is expecting almost 60 per cent drop in operating profit for the third quarter of 2014 owing to weak smart phone sales. The South Korean electronics giant…
WhatsApp acquisition deal closes, but Facebook shelled out nearly $3 billion extra
Facebook is now the official owner of popular messaging app WhatsApp after the social networking giant confirmed the closure of the acquisition deal in a document filed with the US Securities and…
HP all set to split into 2 companies
HP, founded in Palo Alto 75 years ago, by Bill Hewlett and Dave Packard, is breaking off its PC and printer businesses from its enterprise unit.
Google to hire security guards on payroll
Google: Building an in-house security team is something we are excited to do. A year ago we insourced the Google security operations center and we are looking forward to making these valued positions both full- and part-time Google employees.