Technology Report: HP revenue short of Wall Street's estimates, plans more job cuts

	Click to View in Browser 05/22/2014 HP revenue short of Wall Street's estimates, plans more job cuts SAN FRANCISCO (Reuters) - Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins. U.S. states probe eBay cyber attack as customers complain BOSTON/NEW YORK (Reuters) - EBay Inc came under pressure on Thursday over a massive cyber attack as three U.S. states began investigating the e-commerce company's security practices. Facebook narrows audience that sees new users' first posts SAN FRANCISCO (Reuters) - Facebook Inc has changed a privacy setting on its social network, limiting the audience that sees new users' first posts in a reversal of a feature that had critics said forced people to over-share personal information. GameStop revenue rises seven percent due to new console demand (Reuters) - GameStop Corp, the world's largest retailer of videogame products, reported a 7 percent rise in quarterly revenue due to continued demand for new game consoles from Sony Corp and Microsoft Corp. Marvell revenue jumps as demand rises for 4G chips (Reuters) - Marvell Technology Group Ltd reported a 30 percent jump in quarterly revenue due to higher demand for its chips, used in fourth-generation (4G) mobile communication. TiVo revenue jumps 30 percent on strong subscription growth (Reuters) - Digital video recorder maker TiVo Inc reported a 30 percent rise in quarterly revenue, helped by strong growth in subscriptions through partners such as Virgin Media and Ono. VCs eye big cloud software returns despite dwindling valuations SAN FRANCISCO (Reuters) - A cloud software boom has nudged startups into unlikely realms such as dairy farms, yoga studios and back-of-the-building loading docks, leading venture capitalists to hope for stratospheric returns. U.S. companies see smaller lift from stock buybacks NEW YORK (Reuters) - IBM, one of the most reliable companies when it comes to buying back shares, is scaling back its repurchases just as the market seems to have grown weary of this strategy. ZTE, Huawei win bulk of China Mobile's second batch of 4G contracts -sources HONG KONG/SINGAPORE (Reuters) - China Mobile Ltd has awarded its second batch of 4G telecom equipment contracts, with ZTE Corp and rival Huawei Technologies Ltd securing the bulk of the deal, two industry sources with direct knowledge of the situation said. Illinois, Florida join Connecticut in eBay probe NEW YORK (Reuters) - Illinois and Florida are joining Connecticut to lead a probe of the massive data breach at eBay Inc, according to a spokeswoman for Illinois Attorney General Lisa Madigan. Related Video Laser scanner could spell the end for airport liquids ban Microsoft doubles down on devices Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend