Hewlett-Packard beat on earnings and announced plans to lay off 27,000 employees, or 8% of its workforce. Its third-quarter outlook fell short of expectations but its full-year topped the consensus.
By CNBC.com with Reuters
Facebook, which had a disastrous initial public offering with the Nasdaq last week, is now considering a listing with the New York Stock Exchange, a source told CNBC.
Facebook COO Sheryl Sandberg Goes Back to Harvard
Harvard Business School MBA candidates are preparing to hear from one of the school’s most high profile alumnus — Sheryl Sandberg. She’s the “Class Day” speaker ahead of graduation tomorrow. Unlike Facebook CEO Mark Zuckerberg, who never graduated from Harvard, Sandberg graduated from Harvard College in 1991, first in her major, economics, and graduated from Harvard Business School in 1995, getting her MBA “with highest distinction.”
Photo:Moritz Hager | World Economic Forum
10 Ways to Save Money by Spending More
There is a fine line between miser and smart spender. As your accounts grow in size and decimal places, there are several key purchases that may increase your quality of life — and even save you some cash in the process! A range of experts shared advice for items that savvy investors should buy in order to climb the ladder and accumulate wealth while also increasing day-to-day enjoyment.
Here are 10 thrifty ideas for smart ways to spend more without feeling guilty.
Apple’s retail stores are a physical reminder that the brand is the world’s most profitable technology company. They are also part of Steve Jobs’ legacy. However, the stores’ success is also thanks in part to someone outside the company — J. Crew’s CEO Mickey Drexler. It wasn’t the first time the two collaborated. At the time of Jobs’ death in October, the pair had worked together for more than a decade, with each serving on each other’s board, sharing advice and insights.
J.Crew & the Man Who Dressed America premieres Thursday, May 24th at 10 pm ET on CNBC. Click here for show details
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How Amazon is changing the rules for books and movies
Amazon is jumping headlong into the business of creating content because, more than any other company, it has the potent combination of a massive base of customers and the vast technical underpinning with which to bring those customers new ways of consuming books, movies, and television programs. And as that content becomes ever more digitized, Amazon wants to call the shots as to how those books and programs are created, delivered, and sold.
“Amazon doesn’t want to be anyone’s bitch,” said Sucharita Mulpuru, an analyst with Forrester Research. “Amazon has the ability to create better content and not be encumbered by existing rules.”
Greece Needs to Accept Bailout Terms: South Korea
South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so. “I urge the Greek government, the corporations, the workers and the people, (they) need to accept those terms,” Lee said in an interview with CNBC’s Chloe Cho in Seoul.
Photo: AP
Savings at the Pump Still Supreme For Car Buyers
The price at the pump may be falling, but interest in buying a fuel-efficient model remains high. In fact, the latest survey on consumer attitudes shows saving money on gas is the top factor impacting what model car buyers are looking for. Consumer Reports surveyed 2,009 Americans and found 35 percent have cut back on driving. Among those thinking of buying a new car, 37 percent said fuel economy was the top factor, followed by quality (17 percent), safety (16 percent), value (14 percent) and performance (6 percent).
Photo: Bloomberg | Getty Images
Why Tumblr May Be the Next Tech Buzz Word
Tumblr may soon be the next social networking buzz-name. Founded in 2007, it has grown into the world’s 12th-largest website. While it has some investor attention — the company is operating with $125 million so far — the question is whether the site can achieve profitability in the fiercely competitive world of online social media.
The company has yet to make profit, but that may soon change. The site had roughly 140 million unique visitors and clocked 18 billion page views in April alone. Harnessing this traffic for advertisers is the company’s next step.
What did you think? Overhyped IPO?
With Facebook shares trading close to their $38 offer price and revelations that retail investors got a larger-than-expected slice of the $18.4 billion IPO, market watchers are questioning whether the social network’s debut was over-hyped — not just in the media, but in the investor community.
Facebook (FB) has started trading, now officially a public company.
