Evan Williams is handing over Twitter's CEO title to Chief Operating Officer Dick Costolo, as the microblogging company focuses on generating revenue that is consistent with its massive popularity.

Hewlett-Packard has named former SAP CEO Leo Apotheker to be its new president and chief executive, replacing Mark Hurd, who resigned abruptly last month in the midst of a scandal.

Those who attended Oracle CEO Larry Ellison's keynote address at the OpenWorld conference on Wednesday hoping to learn a wealth of new detail about the vendor's long delayed Fusion Applications likely left disappointed, but plenty of vital information was available throughout the week for those interested enough to pursue it.

Hewlett-Packard and Oracle have settled the lawsuit HP filed against its former CEO and current Oracle co-President Mark Hurd as well as "reaffirmed their long-term strategic partnership," the companies said Monday.

The first release of Oracle's long-awaited, next-generation Fusion Applications will be generally available in the first quarter of 2011, CEO Larry Ellison said during a keynote address at the OpenWorld conference in San Francisco on Sunday.

Nokia has named Stephen Elop, president of Microsoft's business software group, to become its new CEO effective from later this month.

Oracle called Hewlett-Packard's lawsuit against its former CEO "vindictive" and said it threatened the companies' close relationship.

Former Hewlett-Packard CEO Mark Hurd has been appointed co-president of Oracle, the software company announced Monday.

When Mark Hurd resigned unexpectedly from Hewlett-Packard last month he found an outspoken supporter in the form of Oracle CEO Larry Ellison. It appears now that Hurd may end up working for Ellison, according to a report Saturday in the Wall Street Journal.

The chief executive officer of Taiwanese display panel maker AU Optronics, who faces felony charges related to an LCD price-fixing investigation, has been barred from leaving the U.S.

Facebook CEO Mark Zuckerberg today announced the company's latest creation, a foray into the world of location-based services called Facebook Places.

Hewlett-Packard's board of directors has been hit with a shareholder lawsuit alleging mismanagement and breach of fiduciary duties following last week's abrupt departure of Chairman and CEO Mark Hurd.

Analysts are developing a short list of possible candidates to replace former Hewlett-Packard Co. CEO Mark Hurd, who resigned Friday. But it's worth noting that Hurd's name didn't come up often, if at all, as a contender in 2005, when he was tapped for the HP job.

Mark Hurd is stepping down as CEO of Hewlett-Packard following an investigation into claims that he sexually harassed a former contractor to the company.

Two labor unions have asked Dell shareholders to withhold their votes for Chairman and CEO Michael Dell to remain as a director on the company's board following a US$100 million accounting practices settlement the company made with the U.S. Securities and Exchange Commission.

Intel's latest microprocessor family, code-named Sandy Bridge, will start rolling off production lines faster than expected due to rave reviews by customers, the company's CEO said Tuesday.

Virtualization and open development frameworks are squeezing out operating systems in data centers, VMware President and CEO Paul Maritz said Wednesday at the Structure 2010 conference in San Francisco.

Apple CEO Steve Jobs on Monday announced the fourth-generation iPhone during a keynote speech at the Worldwide Developers Conference in San Francisco.

Dell CEO Michael Dell contends that mobile devices will never kill the PC. Instead, he envisions a future where users own an increasing number and variety of devices, each capable of looking like the other via desktop virtualization, served by virtual networks and the cloud.

The former CEO is widely credited for turning around the company.