 | Good afternoon Bit |  |  | A change could be underway at the top at Hewlett-Packard. The company's board convened on Wednesday to discuss the possibility of ousting CEO Leo Apotheker after less than a year on the job and may appoint former eBay chief Meg Whitman to fill in as interim CEO, a source familiar with the matter told Reuters. HP's board of directors has come under increasing pressure in recent months after a raft of controversial decisions has left investors uncertain of the company's leadership.
Newly minted Apple CEO Tim Cook will try his hand as star presenter at an October 4 company event widely expected to include the launch of the latest version of the tech behemoth's iPhone handset, according to a report on AllThingD. Sources told the website that the plan is to make the iPhone 5 available to consumers within weeks of the event. Apple has yet to officially announce or even acknowledge that the new device exists at all. For those tired of yet another story about a rumored release date, there was something akin to a confirmation on Wednesday from an unlikely source: former U.S. Vice President Al Gore. Gore, an Apple board member, apparently told a tech conference that the next-generation phone will indeed be available next month. Oops?!
Google Executive Chairman Eric Schmidt traveled to Washington on Wednesday to face critics who say his company has become a dominant and potentially anti-competitive force on the Internet. Schmidt told a Senate antitrust hearing that his company has not "cooked" its search results to favor its own products and listings, despite accusations to the contrary from senators and other Web companies. "Google is in a position to determine who will succeed and who will fail on the Internet," said Republican Senator Mike Lee, a member of the Senate Judiciary Committee's antitrust panel. Google has been broadly accused of using its clout in the search market to stomp rivals as it moves into related businesses, like travel search.
Dust your library cards off, Kindle users. Amazon announced on Wednesday its Kindle ebooks will now be available for borrowing from more than 11,000 libraries across the U.S. Borrowing a book seems pretty simple: customers find the book they want on their local library's website and choose the "Send to Kindle" option, which will then redirect them to Amazon.com where they must log in to complete the check out. Amazon then gives customers the option of delivering the book wirelessly to their device of choice – the books are compatible with all Kindle models and mobile apps - or transferring it manually using a USB drive.
Netflix and Discovery Communications reached an agreement to bring episodes of popular TV adventure shows including "Man vs. Wild" and "River Monsters" to the streaming service, the companies confirmed to Reuters correspondent Paul Thomasch on Wednesday. The two-year deal covers only material from prior seasons of the TV shows and is limited to Netflix subscribers in the United States. Discovery has an option for a third year. | | | LATEST NEWS | | Schmidt says Google has not "cooked" search results | | September 21, 2011 04:33 PM ET | | WASHINGTON (Reuters) - Google Inc has not "cooked" its search results to favor its own products and listings, Executive Chairman Eric Schmidt told a Senate hearing examining if the search giant abuses its power. | Full Article | | Netflix, Discovery in streaming deal for TV shows | | September 21, 2011 02:14 PM ET | | NEW YORK (Reuters) - Netflix Inc and Discovery Communications Inc reached an agreement to bring episodes of popular TV adventure shows including "Man vs. Wild" and "River Monsters" to the streaming service, the companies confirmed on Wednesday. | Full Article | | | BUSINESS NEWS
| | Fed warns of big economic risks, ramps up aid | | September 21, 2011 05:04 PM ET | | WASHINGTON (Reuters) - The Federal Reserve on Wednesday moved to counter what it said were significant risks to the U.S. economy with an effort to lower long-term borrowing costs and bolster housing. | Full Article | | Analysis: Fed's twist moves hurts company pension plans | | September 21, 2011 04:58 PM ET | | BOSTON (Reuters) - The Federal Reserve's 'Operation Twist' to bring down bond yields and stimulate the economy is likely to cause pain for the nation's largest pension funds, already struggling with funding shortfalls from the recent stock market decline. | Full Article | | Convicted trader Goffer handed 10-year sentence | | September 21, 2011 04:36 PM ET | | NEW YORK (Reuters) - A former securities trader was sentenced to 10 years in prison on Wednesday after being found guilty of insider trading as part of the government's campaign against financial crimes on Wall Street. | Full Article | | Greece announces new austerity, unions vow strikes | | September 21, 2011 03:51 PM ET | | ATHENS (Reuters) - Greece said it would deepen pension cuts, extend a painful property tax hike and put tens of thousands of workers on notice on Wednesday to secure a new injection of aid and save the country from bankruptcy. | 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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