Palo Alto-based computing giant Hewlett-Packard is poised to press the “delete” button on 27,000 jobs, or 8 percent of its workforce by the end of 2014, according to a statement released today. The company will offer early retirement options to some employees. HP did not say how many jobs would be lost in the U.S. The “restructuring” would save between $3 to $3.5 billion by fiscal year 2014. Most of ......
Our news partners at KQED have been tracking reaction to Facebook's IPO. Shares of the company's stock opened at $42.05 on Friday morning; by Friday afternoon, the price had dropped to $38.23, just slightly above the IPO price of $38. So what happened? KQED offers some perspective:...
By Bay Citizen Staff 5/18/12 5:49 p.m. PDT
Our news partners at KQED are tracking Facebook's IPO. The company's shares began trading on the NASDAQ this morning at about 8:30 a.m. The share price: $42.05, up from the IPO price of $38. For most of the morning, the price has hovered around $41....
By Bay Citizen Staff 5/18/12 10:52 a.m. PDT
You may be spewing your tweets out to thousands (millions?) of followers, but they can still be private. In a move that sets Twitter apart from other online social tools (like Facebook), the company announced today that it would respect the rights of users who enable the 'Do Not Track' feature available on several web browsers. 'Do Not Track' is an option available for Firefox, Opera, Explorer, and Safari users that ......
Facebook priced its shares at $38 this afternoon, less than 24 hours before the stock is set to go public. While analysts, bloggers, and investors large and small have speculated about how high the stock price will go tomorrow, there has been a lot less talk about where it will be six months from now, when company insiders will be allowed to start trading their shares. The state of California has ......
By Bay Citizen Staff 5/17/12 1:09 p.m. PDT