NEW YORK (

TheStreet

) --

HP

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shares jumped 2.5% to $24.18 after liquidating sales of its TouchPad tablet last weekend for as low as $99 -- as much as 80% off -- after announcing last week it would be discontinuing the device.

Initially touted as a competitor to

Apple's

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iPad, the TouchPad failed to take off with consumers.

Internet telephony company

Skype

will

acquire group texting program GroupMe

, the two companies said on Sunday. The New York-based start-up was purchased for around $80 million, according to the

Wall Street Journal

.

GroupMe allows users to text with groups of friends and in private, an area that has won the attention of tech giants like Apple and

Facebook

.

Verizon Communications

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workers on Monday called off a 15-day strike, and said they'll be back to work. The employees decided to

end the strike after

Verizon said it would participate in negotiations related to issues like healthcare, pensions and job security.

Shares of Verizon rose 1.9% to $35.36 in pre-market trading Monday.

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Apple has included a new feature for its Japanese version of iOS 5 which alerts users to notifications from the country's earthquake early warning system. The feature will replace earthquake warning apps which some in Japan already use

following devastating natural disasters

in the country earlier this year.

Shares of Apple edged up 1.9% to $362.88.

Video streaming service

Hulu

will begin accepting initial acquisition bids on Wednesday, according to the

Wall Street Journal

.

Potential bidders include

Google

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,

Yahoo!

(YHOO)

and

Amazon

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, with bids likely to be in the range of $500 million to $2 billion.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

.

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.