HP Inc. today soundly rejected an unsolicited bid by copier and printer stalwart Xerox Holdings Corp. to buy the personal computer and printer maker for $33.5 billion, saying it undervalues the company. Xerox made the bid back on Nov. 5, a day after it was reported that its board discussed a cash and stock offer ...

Updated: Xerox Holdings Corp. is considering a bid to acquire HP Inc. in a deal that would combine two struggling technology veterans. That’s according to a report Tuesday night in the Wall Street Journal. According to people familiar with the matter, the Journal said, the copier and printer producer’s board discussed a cash and stock ...

Continuing to resemble two entirely different companies, Facebook Inc. today reported upside earnings results that stand in stark contrast to a continuing stream of bad news on the regulatory, political and privacy fronts. The social networking giant reported a third-quarter net profit of $6.1 billion, or $2.12 a share, up 20% from a year ago. ...

Three months after revving up investors with better-than-expected earnings, Alphabet Inc. today reversed course with a third-quarter report that left investors less impressed this time. The parent of Google LLC earned a profit of $7.07 billion, or $10.12 a share, down 23% from a year ago on a 20% revenue rise, to $40.5 billion, or 22% if ...

Microsoft Corp. today won the Department of Defense’s hotly contested $10 billion, 10-year cloud computing contract, beating out frontrunner Amazon Web Services Inc. Amazon.com Inc.’s cloud computing unit had been the presumed favorite for the plum contract, known as the Joint Enterprise Defense Infrastructure or JEDI, for well over a year partly thanks to its ...

Don Valentine, the longtime founding venture capitalist at Sequoia Capital who led investments in Cisco Systems Inc., Oracle Corp., Electronic Arts Inc. and many other iconic Silicon Valley firms, died today at age 87 at his home in Woodside, California. As Sequoia itself said in a post today on its site, “Remembering Don Valentine,” he’s ...

Updated: The cloud no longer is lifting Amazon.com Inc.’s business into the sky, at least not from investors’ point of view. The retail, media and cloud giant today said revenue at its Amazon Web Services Inc. cloud computing unit continued to slow but still rose 35%, to $9 billion, in its third quarter, maintaining its ...

In case it wasn’t already apparent, Amazon Web Services Inc. is serious about mounting a full-blown public music festival in Las Vegas in early December. Amazon.com Inc.’s cloud computing operation this morning announced a fleshed-out roster of artists set to perform at its Intersect Music Festival, which will be held Dec. 6 and 7 at ...

Updated: Amazon Web Services Inc.’s growth has fallen to its lowest point since it began reporting separate results, up 37% from a year ago, but Amazon.com Inc.’s cloud computing unit still drove most of the second-quarter profits reported today by the retail and tech giant. Meantime, Google LLC owner Alphabet Inc. today reported better-than-expected earnings ...

Updated: Beating back weeks of negative publicity all the way into today, Facebook Inc. reported better-than-expected second quarter results on strong sales of mobile ads on its core app and Instagram.  The social networking giant has been buffeted by a seemingly endless series of bad news, challenges and gaffes — most recently the imposition early today ...