IBM is deep in transition, and has been selling businesses such as low-end servers, cash registers, and semiconductors to focus on high-growth areas like security software, cloud services and data...
This is the second round of job cuts since Satya Nadella took over as chief executive in February 2014. Microsoft said last July it would slash up to 18,000 jobs.
Verizon Communications Inc (VZ.N) said it would buy AOL Inc (AOL.N) in a deal valued at about $4.4 billion to gain access to AOL's digital advertising service and content.
Facebook's net income attributable to stockholders fell to $509 million, or 18 cents per share, in the three months ended March 31, from $639 million, a year earlier.
HP said it expected adjusted profit of US $3.53 to US $3.73 per share for the full year ending October 2015, due to a 30 cents per share hit from the dollar.
The plan would represent a significant change for YouTube, the world's No. 1 online video website that attracts more than 1 billion users a month.
Samsung had invested in LoopPay, along with Visa and Synchrony Financial, signalling its intention to launch a smartphone payments service.
The drastic increase in valuation comes as Snapchat continues to add to its active user base and extends its service.
Icahn said Apple shares should be trading at 20 times earnings per share, which taken together with net cash of $22 per share works out to US $216 per share.
The IT services company's net income rose to US $362.9 million, or 59 cents per share, in the fourth quarter ended December 31, 2014.
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