Hewlett-Packard Co. won’t look for big takeover targets in the software industry following its $10.3 billion purchase of Autonomy Corp., Chief Executive Officer Meg Whitman said at an event in San Francisco today.
California Governor Jerry Brown ’s State of the State speech tonight will pitch an “austere” $84.6 billion spending plan that’s drawn criticism from mayors, Republicans and advocates for higher education -- much like his “no-nonsense” first budget in 1975, one-seventh the size.
Since 1986, California has used an “enterprise zone” program in an effort to spur investment and job creation in specified areas. The state awards tax credits, more than $700 million a year as of 2010, to businesses that hire designated kinds of workers within the zones. The program is popular with businesses and local officials.