Hewlett-Packard’s announcement that it is laying off 27,000 workers shows the gap between the tech industry’s old and new firms, the Wall Street Journal reports.
Even if their actions were legal, Morgan Stanley and other banks are facing questions about whether their actions leading up to Facebook’s IPO were fair, The New York Times reports. Facebook has been in talks with the NYSE about possibly switching stock exchanges after NASDAQ’s bungled handling of the social networking service’s IPO, Bloomberg reports.
China’s Lenova computer maker is hoping to take advantage of its U.S. rivals’ troubles, Reuters reports.
Yahoo’s new mobile search app is getting good reviews, the BBC reports.
SpaceX’s successful launch of the first commercial capsule headed for the Space Station has spurred a new commercial space race, the Associated Press reports.
Deutsche Telekom’s CEO says he’s not ruling out a merger for its T-Mobile USA unit, according to Bloomberg.
Computer security provider McAfee reported a big increase in malware, PCWorld reports.
Wired reports that IBM has banned use of iPhone’s Siri application to connect with Big Blue’s network because of concerns about the privacy of the data Siri collects.