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FILE - In this June 16, 2014 file photo, International Monetary Fund (IMF) Managing Director Christine Lagarde speaks during a news conference at IMF headquarters in Washington. The International Monetary Fund on Tuesday, Oct. 7, 2014, slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe. (AP Photo/Pablo Martinez Monsivais, File)

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Mobile revolution shakes up Silicon Valley

SAN FRANCISCO — Smartphones, tablets and other gadgets aren’t just changing the way we live and work. They are shaking up Silicon Valley’s balance of power and splitting up businesses. Long-established companies such as Hewlett-Packard Co. and eBay Inc. are scrambling to regain their footing to better compete against mobile-savvy trendsetters like Apple and Google, as well as rising technology stars that have built businesses around “cloud computing.”


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