Today's Top Technology Headlines
- HP Inc plunges after printer business underwhelms
Shares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc's revenue from both its printer and PC businesses fell 14 percent each in the fourth quarter, their worst performance in the year ended Oct. 31, and forecast current-quarter profit below market expectations. HP Inc Chief Executive Dion Weisler called the printing business a "much greater challenge" than the PC business.
- Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent
By Olivia Oran and Heather Somerville NEW YORK/SAN FRANCISCO (Reuters) - Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours - and in some cases stock options and share grants - can be hard to resist. Uber, currently valued at around $51 billion, said in August that it expected an IPO within 18 to 24 months.
- China's chip crusade to intensify sector's record M&A run
By Miyoung Kim and Makiko Yamazaki TAIPEI/TOKYO (Reuters) - China's unabashed interest in foreign chipmakers in an already record year of deals has been quickly read by rivals as a sign that mergers and acquisitions (M&As) will get more competitive and target companies will get more expensive. "The days of growing organically through technological advantage are over," said Hidetoshi Shibata, chief financial officer of Japan's Renesas Electronics Corp . Tsinghua Unigroup Ltd is leading China's development of a national semiconductor industry with $10 billion spent on M&As over the past two years and plans for almost $50 billion more over the next five.
- Texas shuts dating services it says operated illegally
Texas halted dating service Lone Star Introductions and others from operating in the state because it said the firms had harassed and threatened clients, the Attorney General's office said on Wednesday. A state district court issued an injunction on Tuesday that calls on the dating service and affiliated dating sites, including eLove Matchmaking, International Dating Ventures and International Introductions, to cease operations in the state. The defendants engaged in "false, deceptive and misleading acts and practices to persuade consumers to sign expensive services for Defendants' services," a lawsuit filed this week by Texas Attorney General Ken Paxton's office said.
- Sony's PlayStation 4 sales top 30 million consoles
TOKYO (Reuters) - Sony Corp on Wednesday said sales of its PlayStation 4 video game console exceeded 30.2 million units as of Nov. 22, as global price cuts ahead of the year-end holiday season bolstered demand. The PlayStation 4, which went on sale in late 2013, has been Sony's fastest-selling game console, the Japanese electronics manufacturer said. It hit sales of 20 million consoles in March. The console helped Sony book its highest second-quarter operating profit in eight years. (Reporting by Makiko Yamazaki; Editing by Christopher Cushing)
- Billionaire Blavatnik takes passive stake in Dorsey's Square
(Reuters) - Billionaire investor Leonard Blavatnik disclosed a 11.4 percent passive stake in mobile payments company Square Inc, which went public earlier this month. Blavatnik, a Ukranian-born American citizen, has amassed a portfolio of assets ranging from tech and media startups to energy companies through his holding company Access Industries. Blavatnik is also the owner of Warner Music Group and holds a stake in popular handbag maker Tory Burch LLC. Shares of Square, run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut last week even as its IPO was priced at a steep discount.
- Staples announces Cyber Monday deals
Staples already has a lot of great deals lined up for Black Friday 2015 and it’s just announced another round of deals that are coming on Cyber Monday. Starting on November 30th, you’ll be able to take advantage of seven new deals on certain laptops and tablets that aren’t on sale as part of Staples’ Black Friday 2015 sale. MUST READ: 9 best Black Friday sales you can shop online right now In short, here are the deals: Toshiba Satellite C55-C5390, $249.99 (reg. $449.99) Toshiba Satellite C55-C5380 : Intel Core i5, sale $399 (reg. $649) Toshiba Satellite C55-C5381: Intel Core i7, sale $499 (reg. $749) HP Pavilion 14-AB166US 14” HD BrightView Intel Core i3, $299.99 (reg. 599.99) Lenovo Idea pad with
- Your last chance to become a sci-fi author and save the multiverse
- Honest ‘Fantastic Four’ trailer deservedly rips the movie to shreds
No one really expected the Fantastic Four reboot to be great, but I can’t imagine anyone saw it turning out so disastrously either. In an age where superhero movies are raking in hundreds of millions of dollars in record time, Fantastic Four could barely break even, so even though it potentially killed any hope of another take on Marvel’s first family any time soon, you knew it would at least be great fodder for an Honest Trailer from Screen Junkies. SEE ALSO: Once you see these 10 movie mistakes, you’ll never be able to unsee them And it was! Honestly, these parody trailers can be hit or miss at times, but Fantastic Four is an endless bounty of bad writing, uninspired acting
- Type these words into Google to awaken the Force
- Toshiba to brief on Westinghouse impairment charges on Friday
Toshiba Corp will brief analysts on Friday on impairment changes at its U.S. nuclear power unit Westinghouse. Chief Executive Masashi Muromachi and Westinghouse chief Danny Roderick will both attend the briefing, Toshiba said. The conglomerate this month reported that Westinghouse had booked charges of $930 million in fiscal 2012 and $390 million in fiscal 2013 as the Fukushima disaster reduced demand for new nuclear power plants.
- The new Star Wars is rated PG-13 for gratuitous use of things you will watch no matter what
Star Wars: The Force Awakens has officially received the MPAA rating that makes 12-year olds feel cool when they go to the theater: PG-13. It's the second Star Wars film to receive a PG-13 rating after Revenge of the Sith, though to be fair PG-13 didn't exist until 1984.
- Batman: Arkham Knight PC patch notes include bug fixes and more
Check out the complete changelog for Arkham Knight's latest patch right here.
- Rainbow Six Siege open beta delayed
- Price increase for Dying Light expansion and DLC pass announced
Here's how much the upcoming expansion The Following and the DLC pass will cost starting next month.