HP has announced its plans to “restructure the company” (read: lay off a bunch of workers and mix around the remaining batch in an effort to stir up some profit) in order to save around $3 billion per year.
AOL today unveiled a redesigned front page to better highlight its video content. The videos will be drawn from AOL’s own properties like Engadget and the Huffington Post, as well as content partners such as ESPN, Vogue, and the Wall Street Journal. [Source: CNET]
Motorola’s enterprise business has been bought by the barcode printing company Zebra technologies for $3.45 billion. Following this, Motorola will be left with its public safety and government business. [Source: Reuters]
Investment platform Betterment has raised a $32 million Series C round of funding. Citi Ventures, Globespan Capital Partners, and Northwestern Mutual all participated in the round. [Source: TechCrunch]
Online sneaker maker GREATS has raised a $1.5 million seed round. The round was led by Resolute Ventures, with participation from High Peaks Venture Partners, Mark Gerson of Gerson Lehrman Group, and NFL player Adrian Wilson. [Source: BetaBeat]
Earlier this morning the Netflix website appeared to be down for the count. After some time, the site went back up, and the company issued a formal statement admitting to some “technical problems.” [Source: TechCrunch]