Cisco to cut 4,000 jobs (Update)

Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.

After upheaval, chip firm Broadcom rebounds

Scott McGregor, the chief executive of chip developer Broadcom Corp., is happy to talk about the expanding list of uses for his company's products - smart cars, for instance - and new innovations that will fuel his company's ...

Hulu chief heading for the door

The top executive of popular video-streaming service Hulu said Friday that he and the company's chief technology officer will leave the company by April.

Permira buys Ancestry.com for $1.6 bn

European private equity group Permira will take over the popular Nasdaq-listed genealogy website Ancestry.com for $1.6 billion in cash, Permira announced on Monday.

China's Huawei says to spend $2.0 billion in Britain

Chinese communications giant Huawei Technologies on Wednesday said it would invest $2.0 billion (1.5 billion euros) in Britain and roughly double its workforce in the country within five years.

'App Economy' is huge US job creator: study

The explosion of software applications for smartphones, tablet computers and Facebook has created nearly 500,000 jobs in the United States since 2007, according to a study published on Tuesday.

Yahoo ad exec deflects talk about becoming CEO

(AP) -- The head of Yahoo's online advertising business in North America said Monday he has been too busy trying to bring in more revenue to consider whether he would be willing to become the struggling Internet company's ...

HP sets sights on rivals with webOS software

(AP) -- Hewlett-Packard Co. will soon include its webOS system for smartphones on all its PCs, upcoming tablet computers and higher-end printers, putting it in competition with operating software from Apple, Google and Microsoft.

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