HP has announced it will lay off 27,000 people, or eight percent of its 375,000-person workforce, all by October 2014.

In the wake of Facebook’s IPO spectacle, the first subpoenas, class action suits and SEC investigation rumors are flying.

Reporters and analysts have been scrambling to piece together just what happened with the pricing of Facebook's initial public offering.

The Organization for Economic Cooperation and Development predicts a long-term recession in the eurozone despite a gradual global economic recovery.

A $12.5 billion deal marries the software giant to one of its largest mobile hardware partners.

After its second full day of trading, the social network is languishing below its IPO price.

Other headlines: European missile defense shield; Al Qaeda claims responsibility for Yemen bombing; Facebook shares tumble.

Yahoo plans to sell approximately half its stake in the Alibaba Group, a move that will bring in $7.1 billion.

Facebook's shares failed to wow, earning only 28 cents per share after the much hyped IPO. Now the company faces questions about its next move.

Artist Tom Sachs designs collection of space clothes with Nike for "Space Program: Mars" exhibition.