Bloomberg News | Hewlett-Packard investors rejected proposed compensation packages for top executives at the company’s annual meeting Wednesday.
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HP to pit ‘TouchPad’ against iPad this summer
Hewlett-Packard Co. unveiled its entrant in the tablet race, announcing a touchscreen device for summer release called the TouchPad to try to steal momentum from Apple Inc’s popular iPad.
The 9.7-inch tablet runs on the webOS mobile operating system, which HP acquired last summer in its $1.2 billion purchase of handheld device pioneer Palm. Get the full story »
4 HP directors step down amid Hurd controversy
Four members of Hewlett-Packard’s board of directors are stepping down six months after CEO Mark Hurd was forced to resign in the wake of a sexual harassment scandal.
The departures come as Hewlett-Packard Co., the world’s biggest technology company by revenue, is under fire for its handling of Hurd’s ouster and the size of his severance payout.
Jan. 19 at 5:41 p.m.
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Filed under: HP directors to probe Hurd’s departure
A committee of Hewlett-Packard directors will investigate former CEO Mark Hurd’s departure from the company amid sexual harassment allegations last year, according to a recent court filing.
The inquiry comes in the course of shareholder litigation involving the company. The investigation will be conducted by independent directors who joined HP’s board after Hurd’s departure, assisted by outside lawyers, the Jan. 14 court filing shows. Get the full story »
United to switch to Continental’s booking system
United Airlines is dropping the reservations system it created almost 40 years ago in favor of a platform provided by Hewlett-Packard Co.
Travelport Ltd., the travel services group that now runs the Apollo system used by United, said the carrier planned to terminate their deal March 1, 2012, and transition to the H-P system used by merger partner Continental Airlines. Get the full story »
U.S. steps up kickback probe of Hewlett-Packard
The U.S. Justice Department and the Securities and Exchange Commission are expanding their probe into possible kickbacks on the part of computer maker Hewlett Packard Co., a regulatory filing said.
The agencies have been investigating the Palo Alto, Calif., company for possibly bribing authorities in Russia and Germany. Now, the agencies are also investigating similar improprieties in Austria, Serbia, the Netherlands and the Commonwealth of Independent States. Get the full story »
Apple buys HP land to accommodate growth
Apple is expanding the size of its Cupertino, California, home base, acquiring nearby facilities from computer pioneer and competitor Hewlett Packard Co. Get the full story »
New HP CEO to bank salary of $1.2 million
Hewlett-Packard Co. will pay its new chief executive Leo Apotheker an annual salary of $1.2 million, plus a signing bonus of $4 million, to lead the technology powerhouse after a scandal toppled its last chief executive. Get the full story »
Bribery probe widens over HP contract in Russia
A bribery investigation into a Hewlett-Packard Co. government contract in Russia has broadened to include more deals dating back to 2000.
In a statement Friday, HP said it is cooperating with authorities, “who have now expanded their investigations beyond” a transaction with the Russian prosecutor’s office. Get the full story »
HP sues to keep ex-CEO Hurd from Oracle
Hewlett-Packard Co. is suing former Chief Executive Mark Hurd to stop him from taking a job at rival Oracle Corp.
The complaint filed Tuesday in a California state court comes a day after Oracle hired Hurd as co-president to help lead the database software maker as it tries to muscle in on more of HP’s turf. Get the full story »
Dell plans offer to top HP’s for 3Par
Dell Inc. is planning to submit a more competitive bid for data storage firm 3Par Inc., challenging Hewlett-Packard Co.’s offer of $24 per share, a source familiar with the talks said Wednesday.
The source said Dell’s new bid was likely to be more “competitive” than HP’s last offer of $1.6 billion, but declined to comment on how much higher its bid would be. Get the full story »
Hewlett-Packard bids $1.5B for 3Par
Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., just a week after rival Dell Inc. agreed to acquire the company for $1.13 billion. HP and Dell have been looking to expand beyond personal computers over the past few years in a search for bigger profits.
Shareholders sue HP over Hurd fallout
Shareholders of Hewlett-Packard Co. have filed a “derivative lawsuit” against the technology company and its board over fallout from former CEO Mark Hurd’s abrupt resignation last week.
A derivative lawsuit lets shareholders sue executives or board members over claims that their actions harmed the company. Get the full story »
Ex-HP CEO Fiorina mum on Hurd’s departure
Former Hewlett-Packard CEO Carly Fiorina is declining to weigh in on the ouster of her successor, Mark Hurd. She says she is focused on her Senate campaign. Get the full story »
Hewlett-Packard shares tumble after CEO shakeup
Shares of Hewlett-Packard Co. tumbled Monday in the first trading day following CEO Mark Hurd’s sudden forced resignation Friday from the world’s largest technology company. Hurd stepped down from the post Friday following allegations that he falsified expense reports to conceal a relationship with a former contractor.
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