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Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

Apple is going to have one of its big product events to introduce the iPhone 5 on October 4, John Paczkowski at All Things D reports. New CEO Tim Cook will be in charge of the event, just like former CEO Steve Jobs used to run events. This will be an interesting test for Cook since he's never done the big product roll out before. Paczkowski says he will be aided by other Apple executives who will also make presentations on stage.

David Zaslav, CEO of Discovery Communications, called his company's licensing pact with Netflix an 'economic win' and also said there's a disconnect between the strong advertising market and the overall economic malaise.

Apple plans to unveil the iPhone 5 on October 4, and sell it in stores a few weeks later. The Cupertino, Calif.-based company's CEO Tim Cook will introduce the next iPhone, according to AllThingsD. Analysts speculate the phone may be made available as early as one week after it?s revealed.

Apple's new CEO Tim Cook will announce the much-anticipated iPhone 5 on October 4, according to All Things D. Rumors and hints about the iPhone 5 have circled the internet for months, but a late September or early October date has always been anticipated. All Things D cited anonymous sources "close to the situation." While anonymous sources like this usually are greeted with a healthy skepticism, we've expected a fall announcement long enough that the sources seem credible. After all, Deutsche Telekom is already taking preorders for the new smartphone.

Directors of the company were considering Meg Whitman, the former chief of eBay, to replace Léo Apotheker, sources said.

Chinese e-commerce giant Alibaba Group Holding Ltd. is aiming to handle one trillion yuan ($157 billion) of transactions in 2012 on its Taobao consumer sales platforms, the company's Chairman Jack Ma said Saturday.

Twitter CEO Dick Costolo, announced a list of interesting engagement stats, and then slipped in this tiny piece of information in an informal business meeting on Thursday morning that “Users will begin to observe promoted tweets from companies you don’t follow.”

And so it begins. After Yahoo this week gave CEO Carol Bartz the axe, the stock rallied on the suspicion on the Street that the company almost certainly has now been put into play, and might not last very long with its current corporate structure.

The sudden ouster of Yahoo CEO Carol Bartz wasn't triggered by one specific factor, but rather because Ms. Bartz wasn't reaching a series of performance targets.