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Monday, October 6, 2014

Takeover Digest- New York Times business news - Oct 6, (NASDAQ: FB)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Seeking a place for itself in a digital world increasingly dominated by mobile technology, Hewlett-Packard CO is on the verge of a sweeping reorganization, according to people familiar with the matter. One will be focused on HP's traditional business in personal computers and printers and the other will have computer servers, data storage devices, networking, software and services. (* Shuttle drivers who get Facebook Inc employees to work are complaining that their pay is so low that they cannot afford to live in the area. They are now seeking the Teamsters union's representation. The union has written to Mark Zuckerberg, Facebook's chief executive, asking him to intervene on the drivers' behalf. (

Facebook, Inc. (Facebook), is engaged in building products to create utility for users, developers, and advertisers. Shares of FB traded higher by 0.47% or $0.36/share to $77.44. In the past year, the shares have traded as low as $43.55 and as high as $79.71. On average, 36791400 shares of FB exchange hands on a given day and today's volume is recorded at 23340172.