The Wall Street Journal
Wall Street
H-P plans to lay off 27,000 employees. The tech giant also said its quarterly profit slumped 31% amid relatively flat revenue in its PC business and lower printing sales.
Prosecutors acknowledged that senior Goldman Sachs salesman David Loeb shared information about three technology companies with Rajaratnam.
Pimco's Bill Gross and other managers are dumping southern European debt and piling into safer U.S. and German issues.
The shale-gas revolution has shaken up the utility industry. Now, cheap natural gas is flowing into transportation, driving a switch from diesel at trucking firms and their key suppliers.
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Chesapeake is ramping up drilling on the Utica Shale, a promising but unproven oil field, at a time when the embattled natural-gas giant is under financial stress and facing heightened scrutiny from investors.
Formula One Group, the motor racing franchise owned by private equity firm CVC Capital Partners Ltd., will sell stapled securities in its more than US$2.5 billion Singapore initial public offering, people familiar with the situation said Thursday, a move aimed at retaining its U.K. tax benefits and keeping more cash for the company's future growth plans.
Once famous for sitting on a fat pile of cash, Singapore Telecommunications, the city-state's flagship telecommunications provider, is now on a shopping spree to build its muscle in the social media and mobile advertising sectors.
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Those who thought Google was buying Motorola Mobility just for its treasure trove of patents can think again.
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