Around the Web
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Dell to slash UK jobs 18 May 2012
Dell has informed staff based in its UK operations that it needs to make cuts to its workforce in order to grow its business and operate effectively.
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HP is to cut 25,000 jobs 18 May 2012
HP is looking to cut at least 25,000 jobs in a bid to reduce costs and return to growth, according to media reports.
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The logic and value of a tiered archive 18 May 2012
The 'storage hierarchy' has been discussed for years and is simply described as putting the right data on the right device at the right time for both data type and for that data's lifecycle requirements. Thus, data moves from one level to another as needed. And it's the 'movement' and 'as needed' parts of that equation that have proven toughest to provide. Discover how the right tiering solution can prepare you for the data deluge heading your way.
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Facebook shares set to begin trading publicly at 11 a.m. EST 18 May 2012
Facebook shares, worth $38 each, are set to begin trading publicly on the Nasdaq on Friday as investors steady themselves for one of Wall Street’s biggest ever initial public offering valued at $104 billion (£65.8 billion).
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Diamond Jubilee drives John Lewis gift sales 18 May 2012
John Lewis recorded another double digit rise in weekly sales increasing 16.6 percent last week thanks to the Diamond Jubilee driving gift sales, the employee-owned group said on Friday.
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Pub group Mitchells & Butlers posts dip in profits 18 May 2012
Mitchells & Butlers reported a drop in profits on Friday recording £42 million for the 28 weeks to 7 April, a fall of £1 million on last year despite a rise in revenues.
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Caisse des Depots shifts staff to direct arm 18 May 2012
The French public finance institution has joined the trend towards building up direct investment by moving two senior staff from its fund management arm
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Private equity women come out against quotas 18 May 2012
Speakers at the British Private Equity and Venture Capital Association’s Women in Private Equity Forum want to see hiring based on merit rather than mandatory quotas
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JZ moves to shrink share price discount 18 May 2012
Listed private equity firm unveils mass re-organisation of business and measures to reduce share price discount
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People in the news this week 18 May 2012