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.
“In recent weeks, though, [Finke] had gone silent in the face of a legal dispute with the company that bought Deadline, Penske Media Corporation. It looked as if her career as a chronicler of Hollywood might be over. But now, a book deal and possible return to journalism are in the works.” – NYTimes
The Verge has a fascinating story on Mail.ru founder Dmitry Grishin’s Herculean (and expensive) attempts to buy a Tesla Model S and bring it to his home country of Russia, navigating “five months of ordering, waiting, transporting, paperwork, and red tape.” [Source: The Verge]
Wanda, Tencent, and Baidu have partnered to create an $814 million e-commerce network in China, the companies have announced. Wanda will own 70 percent of the new company; Tencent and Baidu will each own 15 percent. The company will debut later this year. [Source: Reuters]