NEW YORK (
announced plans Friday to
HP acquired webOS as part of its $1.2 billion acquisition of
last year. Rumors have swirled around the technology since HP announced plans to ditch its WebOS hardware during the summer. Potential scenarios included selling off or licensing the operating system to other vendors.
The move could disappoint those calling on HP to monetize the technology by licensing it out. However, open sourcing Web OS should help drive future innovation by opening the software up to a broader ecosystem.
Shares were down 1% to $27.63 in premarket trading Monday.
Online retail giant
likely soon will be releasing an improved version of the much-criticized Kindle Fire product, according to
The New York Times
Shares were down 0.6% to $191.90.
said Monday is its biggest shipping day of the holiday season, maybe even in the company's history, as businesses restock their shelves and online, home shopping volume increases.
FedEx anticipates handling more than 17 million shipments on Monday, up from the peak of 15.6 million a year ago. The company said it has hired an additional 20,000 employees to handle holiday shipping volume.
Shares were down 0.2% to $83.04.
Media and entertainment company
, the Dutch producer of the
TV shows, with a revised, all-cash offer of $1.3 billion, according to
The New York Post
. This comes as Endemol tries to come to a debt reorganization agreement with creditors.
The revised offer has the same value as the previous one.
raised its quarterly dividend by 33% to 16 cents a share.
and United Steelworkers
, with a federal mediator attending, a report said.
The company locked out 1,050 unionized workers from its Findlay, Ohio, plant on Nov. 28, one day after union members voted against a tentative three-year contract. The company then brought in temporary workers.
Blue Coat Systems
rose almost 44% to $25.11 on Friday after the Web Security company
to an investor group led by private-equity firm Thoma Bravo for about $1.3 billion in cash.
agreed to buy the fixed line broadband access business of
Nokia Siemens Networks
The deal is expected to close in April. Terms of the deal weren't disclosed.
The sale is part of Nokia Siemens Networks new strategy. It said last month it
and will cut about 17,000 jobs.
holds investor meetings Monday and Tuesday in Wilmington, Del.
because of slower-than-anticipated growth in the fourth quarter.
"We are seeing slower growth in certain segments during the fourth quarter, driven by global economic uncertainty," said DuPont CEO Ellen Kullman, in a statement. "This uncertainty is contributing to ongoing conservative cash management in some supply chains."
The stock fell 3.2% on Friday to $45.04.
-- Written by Joseph Woelfel and Andrea Tse
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