Technology - Business news

HP sells stake in China unit for $2.3 billion

Hewlett-Packard announced Thursday it was selling a 51 percent stake in its China-based server business, creating a joint venture with Tsinghua Holdings that will be a sector leader in China.

dateMay 21, 2015 in Business
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Tim Armstrong reinvents a flagging AOL

In 2009, when Tim Armstrong took over as chief executive of AOL Inc., he faced a daunting task: Turn around a company that had gone from an Internet pioneer to near obsolescence in less than a decade.

dateMay 19, 2015 in Business
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Dutch threaten UberPOP with million-euro fine

Dutch authorities on Tuesday said they have raised the amount they can fine UberPOP to one million euros ($1,12 million) after the taxi service paid out the previous maximum of 100,000 euros.

dateMay 19, 2015 in Business
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