Hewlett-Packard Co. and investors who are suing over the company’s $8.8 billion writedown related to the acquisition of Autonomy Corp. are jointly asking a federal judge to put the case on hold until July 31.
Salesforce.com Inc., the largest maker of online customer-management tools, forecast profit for the fiscal second quarter that missed some analysts’ estimates as companies curtail spending on new business software.
Google Inc. is facing a new antitrust probe by the U.S. Federal Trade Commission into whether the company is using its leadership in the online display- advertising market to illegally curb competition, people familiar with the matter said.
Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.
Pandora Media Inc., the biggest online radio service, reported a first-quarter loss that matched analysts’ estimates as mobile revenue surged and the company controlled costs. The stock rose in late trading.
Austin Ventures, the biggest backer of technology startups in Texas’s capital city, is reducing the size of its next fund by half from its prior fund as it focuses on younger companies, said two people familiar with the matter.
In San Francisco, 65 percent of the population rents and the remaining 35 percent are homeowners. And in the past year the San Francisco real estate market has seen an 19.4 percent increase in value, with a median sales price of $805,000, according to Zillow.