 | Good afternoon Bit |  |  | Shares of Hewlett-Packard slumped by more than 20 percent to a six-year low on Friday as investors wiped about $16 billion off the market value of the world's biggest PC maker in a resounding rejection of its plan for a major shake-up.
Blog Zero Hedge posted an article by Tyler Durden, titled "Here Is Who Is Getting Creamed On Today's Hewlett Packard Bloodbath", that includes a chart of the the top 40 holders of HPQ stock.
Reuters blogger Felix Salmon credits Durden with breaking the "real" news yesterday about HP, after Bloomberg broke the M&A news of the IT firm's internal shakeup and it's $10 billion acquisition of UK company Autonomy. Salmon on the scoop: "...looks like an attempt by HP to manage media coverage and to distract attention from its dreadful earnings guidance."
Technology company Apple is now worth as much as the 32 biggest euro zone banks. That's the stark result from a steep fall in the share price of banks including Spain's Santander, France's BNP Paribas, Germany's Deutsche Bank and Italy's Unicredit, compared to a steady rise in Apple's valuation, according to Thomson Reuters data.
Earlier on Friday the DJ STOXX euro zone banks index fell 4 percent, valuing its 32 members at $340 billion. In contrast, Apple's market capitalization has soared to $340 billion.
Wired contributor Steven Levy compares Google's $12.5 billion purchase of mobile handset maker Motorola to the Internet search company's Book Search Settlement.
NYT's Bits blog reports the Federal Trade Commission will not investigate Ashton Kutcher, after the actor failed to fully disclose his investments in a slew of tech companies profiled in the latest version of Details magazine's online publication for which he served as a guest editor.
TechCrunch contributor Paul Carr takes issue with people who claim ebooks are killing publishing, saying that "measuring the state of 'books' based on the number of hardcover sales is like measuring the popularity of 'music' based on how many people are buying cassettes." | | | LATEST NEWS | | Apple working with suppliers on new iPad: report | | August 19, 2011 10:41 AM ET | | NEW YORK (Reuters) - Apple Inc is working with component suppliers and its assembler in Asia for the trial production of the next version of the iPad from October, the Wall Street Journal reported on Friday, citing people familiar with the situation. | Full Article | | Sprint, cable operators in Clearwire talks: sources | | August 19, 2011 01:44 PM ET | | NEW YORK (Reuters) - Sprint Nextel Corp has held talks with cable partners about supporting their loss-making Clearwire Corp wireless venture in the face of increasing competition from bigger rivals, according to two people familiar with the matter. | Full Article | | European software stocks leap on HP's Autonomy bid | | August 19, 2011 11:08 AM ET | | LONDON (Reuters) - Shares in European software makers jumped in a falling market on Friday on hopes they were more likely bid targets after Hewlett-Packard's $11.7 billion bid for British enterprise search-software maker Autonomy. | Full Article | | Wall Street sinks for fourth straight week | | August 19, 2011 05:16 PM ET | | NEW YORK (Reuters) - Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another U.S. recession and destabilization in Europe's financial system. | Full Article | | | BUSINESS NEWS
| | Belgium adds to call for euro bonds, bigger bailout | | August 19, 2011 01:59 PM ET | | VIENNA/BRUSSELS (Reuters) - Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly. | Full Article | | Police payment emails growing worry for Murdoch executives | | August 19, 2011 01:49 PM ET | | WASHINGTON (Reuters) - Executives at Rupert Murdoch's UK-based News International are concerned that emails discussing questionable payments made to police by the News of the World may prove more problematic than those that discuss phone hacking, sources familiar with investigations into the shuttered tabloid's reporting practices said. | Full Article | | Biden seeks to reassure China on U.S. debt | | August 19, 2011 11:17 AM ET | | BEIJING (Reuters) - U.S. Vice President Joe Biden on Friday said China had "nothing to worry about" concerning the safety of its vast holdings of Treasury debt, while China's Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden U.S. economy. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. 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 | | | ODDLY ENOUGH | | | | | | |
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