Foxconn Technology Group, the maker of products including Apple Inc.’s iPhone, said it was freezing hiring at factories in China, fueling concern about a slowdown in consumer-electronics demand and prompting Apple to fall.
Hewlett-Packard Co. , the world’s largest computer maker, forecast profit and sales that missed analysts’ estimates after a slump in consumer spending throttled growth . The shares tumbled 12 percent in late trading.
Hewlett-Packard Co. is preparing to name former EBay Inc. Chief Executive Officer Meg Whitman as its next CEO today, ousting Leo Apotheker after less than 11 months, according to two people with knowledge of the matter.
Amphenol Corp. jumped the most in more than three years, leading gains in the Standard & Poor’s 500 Index, after the maker of electronic and fiber-optic connectors raised its full-year profit and revenue forecasts.
Hewlett-Packard Co., facing investor frustration over sales-forecast cuts and jarring strategy shifts, is considering replacing Chief Executive Officer Leo Apotheker, two people familiar with the matter said.
Samsung Electronics Co., the world’s second-largest semiconductor maker, said it will go ahead with a $4 billion expansion of its U.S. chip plants in Austin, Texas, betting on surging demand for smartphone processors.
International Business Machines Corp.’s decadelong shift to higher-margin software sales helped the company overcome a slowdown in technology spending last quarter and boost its full-year earnings forecast.