HP seeks return to its R&D roots

SAN FRANCISCO  — Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley pioneer.

West Coast—best coast? Not so, says the thriving New York City start-up scene. During the past decade, the Big Apple has emerged as a top tech center for new companies and a hotbed for both angel and venture capital funding.

Reuters - Japanese electronics maker Pioneer Corp (6773.T) said it would pull the plug on its loss-making flat TV business and cut an additional 10,000 jobs as it heads for a record $1.4 billion annual loss.

TOKYO (Reuters) - Japanese electronics maker Pioneer Corp said it would pull the plug on its loss-making flat TV business and cut an additional 10,000 jobs as it heads for a record $1.4 billion annual loss.

Pioneer said Thursday it will cut 10,000 jobs globally as it swung into the red for the fiscal third quarter and expects a deeper net loss for the fiscal full year.