Boardroom

Research In Motion is issuing pink slips as part of a massive cost-cutting effort that could save the company $1 billion in expenses. RIM is reportedly laying workers off in small batches, starting with the quality control, operations and parts departments. The company is also looking to cut costs b...

Best Buy Founder and Chairman Richard Schulze announced Thursday he is leaving the company immediately and plans to explore all available options for his 20.1 percent ownership stake in the electronics retail chain. His departure comes two months after former CEO Brian Dunn left the company under a ...

The fallout from Facebook's May IPO continued Tuesday as venture capitalist Paul Graham of Y Combinator warned Silicon Valley startups that they may be in for a stretch of hard times. In a letter, Graham states that a prominent investor he knows seems sure that the bad performance of the Facebook IP...

Faced with a public rally outside the venue for its shareholder meeting at the Seattle Art Museum on Thursday, Amazon announced it would withdraw from a conservative business group and improve workers' conditions at its warehouses. The protesters wanted Amazon to quit the American Legislative Exchan...

HP has posted its second quarter earnings and announced it will lay off 27,000 workers worldwide in an effort to simplify its business and increase efficiency. HP beat Wall Street expectations with its earnings but still faces questions about how it will compete in a changing tech industry. The comp...

HP has posted its second quarter earnings and announced it will lay off 27,000 workers worldwide in an effort to simplify its business and increase efficiency. HP beat Wall Street expectations with its earnings but still faces questions about how it will compete in a changing tech industry. The comp...

When AOL made a $1 billion deal to sell patents to Microsoft last April, its stock jumped up about 43 percent on the news. After all, AOL could use a $1 billion shot in the arm. Who couldn't? But what is behind this string of sales of patents? Why are patents so important to large tech firms like Mi...

HP is planning significant layoffs with the aim of increasing efficiency and focusing on new products, according to a recent report citing an anonymous source. The company could lay off more than 30,000 workers, or nearly 10 percent of the company's total workforce of 324,000. The large-scale cuts ...

Embattled Yahoo has a new interim chief executive. It announced Sunday that Ross Levinsohn, the company's global media leader, would take over as interim CEO following Scott Thompson's departure. Thompson's exit comes amid controversy over an unearned computer science college degree listed on his re...

The last seven days have no doubt felt surreal for executives and board members at Yahoo. It was a week ago that shareholder Daniel Loeb, CEO of hedge fund Third Point, revealed that Yahoo CEO Scott Thompson's educational credentials included a computer science bachelor's degree he never earned, sp...

Dan Loeb is not letting up the pressure on Yahoo, its board of directors or, most certainly, its CEO, Scott Thompson. Loeb, manager and founder of Third Point, a hedge fund that owns a 5.8 percent stake in Yahoo, has demanded more information about the process that led to the hiring of Thompson, aft...

The chain of troubles plaguing Nokia grew longer this week with news that class-action litigation giant Robbins Geller Rudman & Dowd has filed suit against the firm alleging violations of the Securities Exchange Act of 1934. The complaint can be summed up thusly: Nokia said its shift to Windows ...

A fresh blight has struck Yahoo, which continues to flounder as management slashes its workforce in a bid to put the ailing company back on its feet. The resume of recently hired CEO Scott Thompson claims he holds a college degree that he never actually earned. The news erupted on Thursday in the mi...

Google Executive Chairman Eric Schmidt defended his company's actions regarding Java and Android as he took the witness stand Tuesday during Google's ongoing trial, in which the company stands accused of misusing Java programming code in the development of its mobile operating system. Oracle, which ...

Facebook founder and CEO Mark Zuckerberg apparently lives by the idea that it is better to ask forgiveness than permission. This seems to have been the case with his decision to acquire Instagram earlier this month. Zuckerberg reportedly alerted the board of directors only hours before making its la...