Hewlett-Packard Co. confirmed it has increased by 5,000 the number of layoffs it plans to implement under the restructuring plan it adopted in May 2012, bringing the expected number of job cuts to 34,000.
After a wild run last week that saw them soar to an all-time high of $74.73, shares of Twitter are crashing brutally back to earth. The company’s stock tumbled more than six percent in early trading Monday, falling to $59.43. The reason? That’s not entirely clear, though perhaps investors are realizing that there’s no fundamental business change with which to rationalize last week’s run.
South Korea’s LG Electronics Inc. will soon take the veils off a television model that will run on the webOS operating system, highlighting its ambition of creating a prominent operating system for so-called smart TVs.