Boardroom

Microsoft is ending its controversial practice of using stack ranking to evaluate its employees. Instead, the company is changing its performance review program "to better align with the goals of our One Microsoft strategy," wrote Lisa Brummel, the company's executive vice president of human resourc...

After setting its IPO stock price at $26 per share, Twitter on Thursday made a strong public debut in which trading opened at $45.10 per share -- 73 percent above the IPO price. That opening price valued the social media company at more than $31 billion based on its outstanding stock, options and re...

Dish Network on Wednesday announced that it will close its 300 remaining Blockbuster stores by early January and will end its Blockbuster By Mail service by mid-December. The company cited increased competition from digital and on-demand entertainment. Dish acquired Blockbuster in April 2011 for $32...

Twitter on Monday gave would-be investors in its initial public offering more food for thought in a new Securities and Exchange filing. On one hand, it is clearly feeling confident about its valuation: The company raised the price range for its IPO to $23 to $25 per share, up from the $17 to $20 per...

BlackBerry shares fell 13 percent Monday morning on news that the company has abandoned its plan to sell itself to its largest shareholder, Fairfax Financial Holdings. Instead, it has entered into an agreement whereby Fairfax and other institutional investors will invest $1 billion in the company. T...

Twitter has set the price range for its highly anticipated initial public offering at between $17 and $20 per share, according to a document filed on Thursday with the Securities and Exchange Commission. The company plans to raise as much as $1.61 billion by selling between 70 million and 80.5 milli...

Microsoft on Thursday announced revenue of $18.53 billion and net income of $5.24 billion for its first quarter of 2014. The earnings, which outperformed what analysts had been expecting, were driven in large part by strong sales of Office and the company's server software. They came in spite of the...

Three major Microsoft shareholders are reportedly pushing the board of directors to have the company's founder, Bill Gates, step down from his role as chairman. The push comes at an inopportune time for Microsoft, as it is currently searching for a CEO to take over for newly retired CEO Steve Ballme...

BlackBerry is preparing to lay off 40 percent of its workforce in an effort to slash costs, according to a Wednesday report. The news came on the same day that BlackBerry launched its Z30 smartphone, a 5-inch, all-touch smartphone that the company said is its biggest, fastest and most advanced smart...

Google on Wednesday launched Calico, a company that will focus on health and well-being, with a particular emphasis on aging and associated diseases. At the helm of this new endeavor will sit founding investor Arthur Levinson, chairman and former CEO of Genentech, chairman of Apple, director of Hoff...

Netflix on Monday updated its "long-term view" of the industry to include a far wider range of competitive factors than it has ever had in the past. The company also adjusted its competitive focus accordingly, taking into account a number of players that it had previously ignored. In a nutshell, the...

Twitter is moving forward with its long-awaited initial public offering, and it announced the news in a particularly fitting manner: "We've confidentially submitted an S-1 to the SEC for a planned IPO," it said in a tweet sent on Thursday. For more details, stay tuned. Normally that's not quite the ...

Dell shareholders on Thursday approved founder Michael Dell's $25 billion bid to buy back the firm and take it private, ending a seven-month battle with a group of investors led by corporate raider Carl Icahn. This is reportedly the largest leveraged buyout since the Blackstone Group took hotel chai...

Activist investor Carl Icahn has given up his fierce struggle to prevent Michael Dell from buying his namesake company and taking it private. In a letter to shareholders, filed with the Securities and Exchange Commission on Monday morning, Icahn said Dell would be paying a price approximately 70 per...

Google executive Hugo Barra, one of the leading public faces for Android, has left for up-and-coming Chinese smartphone maker Xiaomi. "In a few weeks, I'll be joining the Xiaomi team in China to help them expand their incredible product portfolio and business globally -- as Vice President, Xiaomi Gl...