Auction site. Business name that improving revenue it is aimed at improving revenue. The company, which makes software that allows people to sign documents digitally will use the money to expand internationally. First to our lead, hp is taking a page out of ebays book and will split into two separate companies. The move will allow it to better adapt to changing economies and shareholder value. As part of the move they are also having another 5000 jobs, bringing the total job cuts to 55,000. Cory, are they Better Together or separate . Divorce makes you sad. This is one of those things where you can see the writing on the wall. You could make the argument that meg whitman got the job here at hewlettpackard, right here in palo alto, because of the decision to sell the pc business. A decision she rescinded, and took the thing off the block. There were no buyers then. Behind the scenes, they had been trying to sell it again and found no buyers. Now they will stick it to shareholders, let s
The greek government is obviously still working, which is understandable if you think how few days this government has been in office. We shall wait for proposals and we will enter into talks with them and there will be sufficient opportunities for this. I dont want to comment on every single opportunity bandied about. A person familiar with the matter says they are willing to wait until greece faces a cash crunch, giving them leverage over the antiausterity government. A deal is up in the air with valiant and a pharmaceutical company. Lenovo shares up the most in two years after the Company Reported a 31 rise in the third quarter. The chinese tech giant is the Worlds Largest pc maker started seeing big growth in other areas and boosting smartphone shipments. Their server business is on track for five alien dollars in annual sales after acquiring ibms server business. Now to the lead the fight is on to rule the future of transportation. It may end up being google and one of the compani
Senator harry reid is recovering from a fall yesterday in which he broke several ribs and facial bones. The accident occurred when he was exercising with a fitness band which snapped causing him to fall. The nevada senator who is a former amateur boxer was released from a hospital and will travel back to washington for the weekend. Former nsa director Keith Alexander is speaking out against companies considering retaliating against hackers. Some companies are turning to the offensive tools in their battle against cybercrime. The former nsa director said companies should not be wading into this fight. I think its a national responsibility, a government responsibility, to respond to these. Whether it is criminal, fbi or its a nationstate. You cannot have companies escalate us into a crisis. So i think what the administration and what the government has put out today is in fact the correct approach. Companies can do more to protect their networks and thats perhaps something we should disc
Gas prices went down was doing pretty well. They gains across the board. And smucker buying a pet brand company, a deal valued at 500 billion. The cash and stock deal boosting debt. Kibbles and bits, meow mix, and other classic pet treats. 2. 4 billion dollars in sales for fiscal year 2016. And apple has raised six point 5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30year deal has got a 3. 45 coupon. 158 billion of overseas cash without having to repatriate it and pay taxes. Apple has now raised the equivalent of 39 billion in the bond market in less than two years. And sales of grand theft 5 up, and that is helping take two interactive. Doing quite well. Millions in Digital Sales tied to that one game grand theft a uto, alone. All right to the lead. The fight is on for the future of transportation, and who go up against one of the companies it has invested in, huber. Uber. They are also looking to set up a lab in the Carnegie Mellon home of pit
San francisco, welcome to bloomberg west, where we Cover Technology and the future of business. I am cory johnson. Oil prices on the rebound, brent crude continuing to bounce off the bottom, and brent crude rallied from their low last month, and the head of Capital Management on the impact of oil. Good news about the oil side is it is good for the economy. There are a lot of consumers who have more money in their pocket today than they had six months ago. And the economy even before the gas prices went down was doing pretty well. Cory gains across the board. And j. M. Smucker buying a pet brand company, a deal valued at 500 billion. The cash and stock deal boosting debt. They make kibbles and bits, meow mix, and other classic pet treats. . 4 billion in sales for fiscal year 2016. And apple has raised 6. 5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30year deal has got a 3. 45 coupon. 158 billion of overseas cash without having to repatriate it an