Hewlett-Packard Co. rose the most in eight months after the world’s largest personal-computer maker announced plans to slice its workforce by 27,000 and reported quarterly sales and profit that topped estimates, buoying optimism for a turnaround.
Juniper Networks Inc., bowing to pressure from activist hedge funds Elliott Management Corp. and Jana Partners LLC, announced plans to return at least $3 billion to shareholders and cut $160 million in expenses.
Investors should sell Apple Inc. options because “the best technology company on the planet” may gain from more iPhone sales outside of the U.S. and selling ads on mobile devices including the iPad, Gleacher & Co. said.
June 20 (Bloomberg) -- Brian Marshall, an analyst at ISI Group, talks about Microsoft Corp.'s Windows Phone 8 and Surface tablet computer. Marshall, speaking with Emily Chang on Bloomberg Television's "Bloomberg West," also discusses the outlook for Apple Inc. (Source: Bloomberg)