The latest cuts, on top of 55,000 layoffs previously announced under Chief Executive Meg Whitman, will mostly be in HP’s faster-growing corporate hardware and services operations, to be spun off as Hewlett Packard Enterprise, or HPE, on Nov. 1. Up to 30,000 of the layoffs will be in the enterprise business and up to 3,300 in HP Inc, the company that will continue to make personal computers and printers, HP
(Reuters) – News Corp said it would buy Unruly Holdings Ltd, a UK-based video advertisement technology company, giving it the technology that analyzes historical sharing behavior to predict the potential for video ads to go viral. Rupert Murdoch-controlled News Corp will pay 58 million pounds ($89.60 million) in cash to Unruly and another 56 million pounds if the company meets certain performance targets. News Corp, whose revenue is largely dependent
In the attacks, a highly sophisticated form of malicious software, dubbed SYNful Knock, has been implanted in routers made by Cisco , the world’s top supplier, U.S. security research firm FireEye said on Tuesday. “If you own (seize control of) the router, you own the data of all the companies and government organizations that sit behind that router,” FireEye Chief Executive Dave DeWalt told Reuters of his company’s discovery. Cisco
By Irene Klotz CAPE CANAVERAL, Fla. (Reuters ) – Amazon founder Jeff Bezos on Tuesday unveiled plans to build a rocket manufacturing plant and launch site in Florida, a business that will compete against fellow tech billionaire Elon Musk’s SpaceX. Bezos’ space startup, Blue Origin, intends to invest more than $200 million to build a rocket manufacturing facility adjacent to NASA’s Kennedy Space Center, state officials said. The rockets will
Around 300 Danish taxi drivers are expected to protest against the ride-hailing service of Uber Technologies Inc [UBER.UL] on Wednesday, adding to the barrage of criticism facing the U.S. company from India and Brazil to New York city. Lobby group Taxi Drivers in Denmark said on Tuesday it was protesting against the lack of action taken against Uber drivers following its allegations that they do not pay taxes and do
President Barack Obama will raise concerns about cyber security with Chinese President Xi Jinping when they meet in Washington this month amid rising U.S. worries about Chinese hacking of U.S. government and commercial targets, the White House said on Monday. White House spokesman Josh Earnest said he did not have any updates on the timing of potential sanctions against China related to cyber attacks ahead of Xi’s visit. U.S. officials
(Reuters) – Sony Corp and Olympus Corp said they plan to unveil an ultra high-definition surgical endoscope this week, the first major product from a joint venture formed three years ago. The product allows physicians to view clearer, more instant images of internal organs, aiding precision during surgical procedures, the medical device makers told Reuters ahead of an official announcement on Wednesday. Sony bought 11.5 percent of Olympus in 2012,
Sales of Apple Inc’s new iPhones are on pace to beat the 10 million units the previous versions logged in their first weekend last year, the company said on Monday, sending its shares up nearly 2 percent. Apple did not disclose the specific number of advance orders it received. The company said it was working to catch up to demand for the iPhone 6S Plus, the larger of the two
German premium carmakers BMW , Mercedes-Benz and Audi are snapping up software experts as tech firms such as Google threaten to outflank them in the race to develop a self-driving car. Software expertise has become a new battleground for automakers and tech firms as cars need lines of code to connect electric car motors to batteries, talk to smartphones or activate brakes when a radar system detects an obstacle ahead.
BMW’s new chief executive Harald Krueger is open to exploring deeper partnerships with software and computer companies such as Apple, according to German newspaper Sueddeutsche Zeitung. BMW has realized next-generation vehicles cannot be built without more input from telecoms and software experts while Apple has been studying how to make a self-driving electric car. New CEO Krueger is honing BMW’s strategy.
