Verizon’s top lawyer told reporters Thursday that Yahoo’s September announcement of a data breach of more than 500 million e-mail accounts constitutes a potential material impact that would allow for the mobile powerhouse to pull out of the $4.83 billion deal. That arrangement, which was announced in July 2016, has yet to formally close.
HP Inc. says it will cut 3,000 to 4,000 jobs over the next three years as it faces continued challenges in the markets for personal computers and printers.
The cuts are in addition to 3,000 jobs that HP previously said it was trimming this fiscal year. A spokeswoman said the company has about 50,000 employees worldwide.
HP Inc. has been grappling with shrinking demand for PCs and printers as more people use smartphones and store documents and photos online. CEO Dion Weisler hopes to build the business by selling more high-end PCs, office printers and 3D printing systems.
Samsung wants everyone to stop using the recalled Galaxy Note 7, but new data shows many people would rather risk literally burning a hole in their pocket than power down their shiny new phone.
The Korean electronics giant and US Consumer Product Safety Commission again recalled the Galaxy Note 7 after replacement phones continued to overheat. The recall covers about 1.9 million phones in the US. Last month, Samsung said it had sold 2.5 million Note 7 phones worldwide.
Verizon CEO Lowell McAdam has dismissed reports regarding his company seeking to lower the price of Yahoo following the disclosure of the massive 2014 data breach, wherein 500 million user accounts were stolen. Citing several sources, the New York Post had reported last week that Verizon was pushing for a $1bn (£800m) discount on its pending $4.8bn takeover agreement with Yahoo.
U.S. accusations that WikiLeaks is helping Russian hackers influence the upcoming election hasn't stopped the controversial website from dumping emails, allegedly stolen from a Hillary Clinton aide.
On Monday, WikiLeaks released an additional batch of 2,000 emails allegedly stolen from Clinton campaign chairman John Podesta, which could fuel negative press coverage of her candidacy.