Hewlett-Packard Company (NYSE:HPQ) said Thursday that it aims to cut another 11,000 to 16,000 jobs by October, bringing the total number of planned layoffs to a maximum of 50,000 and nearly doubling the largest payroll reduction ever for the 75-year-old technology giant. Hewlett-Packard Company (NYSE:HPQ) stock performance was -2.28% in last session and finished the day at $31.78. Traded volume was 32.46million shares in the last session and the average volume of the stock remained 11.86million shares. The beta of the stock remained 1.45. Hewlett-Packard Company (NYSE:HPQ) insider ownership is 0.08%.
Nokia Corporation (ADR) (NYSE:NOK) recently said it is in advanced talks with 4G operators to adopt its low-cost LTE-ready smartphones, while Samsung India is also preparing to introduce affordable 4G-LTE devices. The chipmakers are gearing up to tap the expected swell in demand as prices fall. Nokia Corporation (ADR) (NYSE:NOK) rose 2.36 percent to $7.80 Thursday on volume of 22.84million shares. The intra-day range of the stock was $7.69 to $7.80. Nokia Corporation (ADR) (NYSE:NOK) has a market capitalization of $28.96billion.
Facebook Inc. (NASDAQ:FB) has also showed an interest in advanced computer vision technology with its acquisition of virtual reality firm Oculus VR whose flagship product, is the Oculus Rift, a goggle-like “immersive” headset for video gaming. According to Mark Zuckerberg, “Facebook Inc (NASDAQ:FB) plans to use Oculus’ technologies to expand in communications, media and entertainment, education and other areas.” Facebook Inc (NASDAQ:FB)’s stock on May 22, 2014 reported a increase of 0.05% to the closing price of $60.52. Its fifty two weeks range is $22.67 -$72.59. The total market capitalization recorded $155.32billion. The overall volume in the last trading session was 54.20million shares. In its share capital, FB has 2.57billion outstanding shares.
Analysts at Deutsche Bank reduced their target price on shares of YuMe Inc (NYSE:YUME) from $13.00 to $10.00 in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports. Deutsche Bank’s target price points to a potential upside of 64.20% from the company’s current price. On Thursday, shares of YuMe Inc (NYSE:YUME) close the day at $5.28. Company return on investment (ROI) is 0.50% and its monthly performance is recorded as -25.00%. YuMe Inc (NYSE:YUME) quarterly revenue growth is -23.81%.
Nike Inc (NYSE:NKE), the largest sportswear country in the world with hundreds of manufacturing suppliers outside the United States, has cut about 106,000 contract factory workers over the last year as the Beaverton, Oregon, company shifts toward automation. According to the company’s latest sustainability report released this month, the company had in its fiscal year 2013 just over 1 million contract workers that make the company’s shoes and sportswear, 90 percent of them located in Asia. That’s down 9.5 percent from fiscal year 2012, as the company seeks to automate more of the manufacturing process from more advanced suppliers. Nike Inc (NYSE:NKE) stock performance was 0.90% in last session and finished the day at $74.88. Traded volume was 2.43million shares in the last session and the average volume of the stock remained 3.74million shares. The beta of the stock remained 0.90. Nike Inc (NYSE:NKE) insider ownership is 0.10%.