Latest Computer hardware manufacturing News

Xerox nominates 11 to replace HP board

Jan. 23, 2020 4:02 PM EST

NEW YORK (AP) — Xerox will nominate 11 people to replace HP's board, a company that it is targeting for a takeover. In November, the computer and printer maker rejected a roughly $33.5 billion buyout offer from Xerox, saying that the deal would undervalue HP. HP said at the time that it remained open to...

IBM, Express rise; Netflix, Baker Hughes fall

Jan. 22, 2020 5:14 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Netflix Inc., down $12.11 at $326. The streaming video company gave investors a weak forecast for subscriber growth. IBM (IBM), up $4.72 at $143.89. The technology and consulting company's fourth-quarter profit and revenue beat...

Pier 1, Chevron fall; Beyond Meat, Microchip Technology rise

Jan. 7, 2020 4:24 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Pier 1 Imports Inc., down 44 cents at $4.73. The home decor company said it would close nearly half its stores as it struggles to draw consumers and compete online. Beyond Meat Inc., up $9.30 at $83.89. Rival Impossible Foods...

A worker helps set up a booth before CES International, Saturday, Jan. 4, 2020, in Las Vegas. (AP Photo/John Locher)

CES gadget show: How watching TV will change in the 2020s

Jan. 5, 2020 7:33 PM EST

NEW YORK (AP) — What will watching TV be like in the 2020s? Amid new gadgets and glitz, the CES tech show in Las Vegas aims to offer some answers, many of which boil down to more streaming and more efforts to glue you to your phone. The show's keynote addresses, once dominated by computer and chip...

Arrest made in connection with fire at Rhode Island plant

Dec. 31, 2019 2:52 PM EST

PROVIDENCE, R.I. (AP) — A man authorities allege broke into a Rhode Island manufacturing plant, destroyed computers and surveillance cameras, ransacked offices and set fires in several locations was indicted by a federal grand jury on Tuesday. Jacob Lahousse, 20, who has no known address, was indicted on...

Man arrested in $24M scheme to sell bogus laptop batteries

Dec. 19, 2019 7:10 PM EST

LOS ANGELES (AP) — A Southern California man was arrested Thursday in an alleged $24 million scheme to sell counterfeit laptop batteries from China in the United States, federal prosecutors said. Zoulin Cai, a Chinese national who moved to the Los Angeles area in 2012, faces multiple charges including...

FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York. Intel said Monday, Dec. 16, that it has bought Israeli artificial intelligence startup Habana Labs for $2 billion. (AP Photo/Richard Drew, File)

Intel buys Israeli AI chip startup Habana for $2B

Dec. 16, 2019 2:37 PM EST

SANTA CLARA, Calif. (AP) — Intel is paying $2 billion to buy an Israeli startup that specializes in processing chips for artificial intelligence. The California-based chipmaker said Monday that the purchase will help it speed up computing power and improve efficiency at data centers. The move is part of...

In this Nov. 26, 2019, photo a UPS man delivers a package to a residence in North Andover, Mass.  “Cyber Monday” is still holding up as the biggest online shopping day of the year, even though the same deals have been available online for weeks and the name harks back to the days of dial-up modems. (AP Photo/Elise Amendola)

Still on top: Cyber Monday sales on track to hit record

Dec. 2, 2019 3:47 PM EST

NEW YORK (AP) — Cyber Monday is still holding up as the biggest online shopping day of the year, even though many of the same deals have been available online for weeks and the name harks back to the days of dial-up modems. Shoppers are expected to spend a record $9.4 billion on purchases made on their...

FILE -In this Jan. 9, 2018, file photo, people walk by the Panasonic booth during CES International in Las Vegas. Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co. to Nuvoton Technology Corp. (AP Photo/John Locher)

Panasonic leaves semiconductor business with Taiwan sale

Nov. 28, 2019 4:07 AM EST

TOKYO (AP) — Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co. to...

President Donald Trump reacts to the crowd before he speaks during a rally on Tuesday, Nov. 26, 2019, in Sunrise, Fla. (AP Photo/Brynn Anderson)

AP FACT CHECK: Trump and the Apple plant he didn’t open

Nov. 26, 2019 8:31 PM EST

WASHINGTON (AP) — President Donald Trump persists in his false story that he opened an Apple manufacturing plant last week. TRUMP, looking back at his Nov. 20 trip to Austin, Texas: "I opened up an Apple computer plant. " — Florida rally Tuesday. THE FACTS: He didn’t do that. He visited an...