Fusion-io Inc. plunged the most ever after replacing Chief Executive Officer David Flynn with Shane Robison, a former Hewlett-Packard Co. senior leader associated with a disastrous deal by his prior employer.
Hewlett-Packard Co. ignored warnings about accounting irregularities at Autonomy Corp. and failed to properly vet its finances before acquiring the British software maker, shareholders said in a lawsuit.
Apple Inc. dropped below $400 for the first time since December 2011 after one of its audio-chip suppliers, Cirrus Logic Inc., reported an inventory glut that suggests iPhone sales may fall short of analysts’ expectations.
After a board shakeup that investors said was overdue, Hewlett-Packard Co.’s Chief Executive Officer Meg Whitman is seeking to use a new line of servers to jump- start a multiyear turnaround of a company that has become a symbol of corporate mismanagement.
Hewlett-Packard Co.’s board shakeup, including Ray Lane’s exit as chairman, gives Chief Executive Officer Meg Whitman a clearer path to revive growth and shake off years of tumult at the world’s largest computer maker.
Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
Hewlett-Packard Co., the world’s biggest personal-computer maker, increased its quarterly dividend by 10 percent for a second-straight year amid mounting investor frustration with leadership over failed acquisitions.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman said the world’s largest personal-computer maker will evaluate selling small businesses or projects that don’t fit its plans while keeping its main operating divisions.