Search Results for: Hewlett-Packard
Facebook tops General Electric in market value
November 6th, 2015
Facebook surpassed General Electric, which traces its history back to Thomas Edison and the first light bulb, in market value Thursday as the U.S. economy sheds the last of its industrial influence and moves firmly into a digital age decades in ...
HP is now two companies. How did it get here?
November 2nd, 2015
HP’s split follows more than a decade of scandals and missteps If Hollywood wanted a script about the inexorable decline of a corporate icon, it might look to Hewlett-Packard for inspiration. Once one of Silicon Valley’s most respected companies, ...
Dell to Buy EMC in Deal Worth About $67 Billion
October 12th, 2015
Dell Inc. agreed to buy EMC Corp. for about $67 billion in the largest technology acquisition ever, creating a corporate-computing giant that will use a wider product lineup to woo customers as demand slows and competition stiffens. Dell plans to pay ...
HP to pay $100m to settle lawsuit with shareholders
June 10th, 2015
Technology giant Hewlett-Packard has agreed to pay $100m (£65m) to some of its shareholders to settle a claim over its ill-fated acquisition of Autonomy. Dutch pension fund manager PGGM led the class action lawsuit, which claimed HP had misled ...
IBM hire advisers to deal with restless investors – sources
April 3rd, 2015
Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Jeffrey Ubben’s ValueAct, ...
European Bonds Gain With Stocks as Aussie, Kiwi Decline
November 25th, 2014
Bonds rose and European stocks gained for a third day on prospects for more stimulus as inflation slows. Brent crude traded near a four-year low before a meeting of oil exporters and currencies from commodity-producing nations weakened. Spain’s 10-year ...
Lenovo Second-Quarter Profit Climbs, but Shares Dip
November 6th, 2014
Lenovo Group Ltd reported quarterly revenue that missed analyst estimates, with a decline in smartphone sales curbing investor optimism about the world’s biggest maker of personal computers (PCs) turning into a force in mobile devices. Lenovo’s earnings came at ...
HP subsidiaries plead guilty in bribery cases
September 12th, 2014
Hewlett-Packard (HP) and three subsidiaries pleaded guilty Thursday to paying bribes to foreign officials in Russia, Mexico and Poland and agreed to pay $108 million in criminal and regulatory penalties. The guilty pleas, entered in San Francisco federal court, ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
Wachtell to pursue Deloitte in HP Autonomy row
August 28th, 2014
Wachtell Lipton Rosen & Katz is to pursue Deloitte on behalf of Hewlett-Packard (HP) in an escalation of the company’s row with software firm Autonomy over its doomed 2011 acquisition. Wachtell partner Marc Wolinsky told a San Francisco court ...
