THE NEWS WRAP: Samsung joins the race to get real with VR headsets

Samsung is developing a VR headset for its phones and tablets.

Sources told Engadget a Samsung VR headset is not only under development by the company’s mobile division, but it’s set to be announced this year.

The urgency is said to be in order to beat Facebook’s Oculus Rift and Sony’s Project Morpheus to market.

More problems for Apple’s iMessage

The problem of having text messages trapped in the cloud when customers move a phone number from an iPhone to an Android has been made worse.

A recent server glitch undermined one of Apple’s key methods of trying to fix the issue.

The company says a fix is coming, although it hasn’t indicated when.

The matter is now the subject of legal action by a Californian woman who is seeking class-action status against Apple.

The suit claims Apple has violated California’s unfair competition law and also interferes with a wireless carrier’s abilities to deliver its promised service to customers.

HP to cut up to 16,000 jobs

The company reported results for its second fiscal quarter with sales figures slightly below expectations.

HP says it expects to add to the 34,000 job cuts it announced in 2012.

Between 11,000 and 16,000 more jobs are expected to go.

Overnight

The Dow Jones Industrial Average is up 10.02 to 16,543.08. The Australian dollar is trading at US92 cents.