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Analyst: It's time to break up HP into 2 companies

Submitted by Fox First at Ten on October 8th

SAN FRANCISCO (AP) - Hewlett-Packard Co. would be better off breaking up into two separate companies instead of tormenting shareholders by pursuing a prolonged turnaround attempt, according to an industry analyst. UBS analyst Steven Milunovich concluded that HP should be split up after attending a

HP drubbing continues with Sterne Agee downgrade

Submitted by Fox First at Ten on October 5th

NEW YORK (AP) - A Sterne Agee analyst became the latest to bemoan Hewlett-Packard's tough road ahead Friday, downgrading the PC maker in the aftermath of its weak outlook. HP's CEO Meg Whitman told analysts Wednesday that internal company turmoil and the weak economy will cause HP's

Stocks mixed after US unemployment rate drops

Submitted by Fox First at Ten on October 5th

By JOSHUA FREEDAP Business Writer A big drop in the unemployment rate wasn't enough for investors Friday. Stocks posted gains early in the day but faded to a mixed close. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly

Moody's puts HP's ratings on review

Submitted by Fox First at Ten on October 4th

NEW YORK (AP) - Moody's Investors Service on Thursday placed its long-term credit ratings for Hewlett-Packard Co. on review for a possible downgrade after the technology company issued a disappointing forecast for the coming year. HP's CEO Meg Whitman told analysts Wednesday that internal

HP CEO's turnaround message flops on Wall Street

Submitted by Fox First at Ten on October 3rd

By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - Coming off the biggest quarterly loss in Hewlett-Packard's history, CEO Meg Whitman braced investors for even more trouble ahead as she methodically tries to fix a wide range of longstanding problems. Those challenges will be

Kodak plans to end consumer inkjet printer sales

Submitted by Fox First at Ten on September 28th

By BREE FOWLERAP Business Writer NEW YORK (AP) - Kodak said Friday that it plans to stop selling consumer inkjet printers and will eliminate 200 more jobs than previously projected as it requested more time to submit its framework for emerging from bankruptcy protection. The Rochester, N.Y.-

HP resolves patent infringement lawsuit

Submitted by Fox First at Ten on September 19th

NEW YORK (AP) - Computer and printer maker Hewlett-Packard said Wednesday that it has resolved an ink cartridge patent infringement lawsuit with Brazil's Rio Branco Ltda., a distributor of Maxprint ink cartridges. HP had filed a suit in Brazil in April 2011, alleging that HP-compatible inkjet

How chips, PCs, services companies are faring

Submitted by Fox First at Ten on September 17th

By The Associated Press Personal computer makers have been scrambling to adapt to a technological upheaval unleashed by Apple Inc.'s line of sleek devices such as the iPhone and iPad and by a shift toward Internet-based software services instead of programs installed on individual machines

Key events in the history of Eastman Kodak Co.

Submitted by Fox First at Ten on September 14th

By The Associated Press Kodak postpones an auction of its imaging patent portfolios, though negotiations continue as it looks to sell the patents as it tries to emerge from bankruptcy protection. Here are key events in the history of Eastman Kodak Co.: 1880 - George Eastman begins commercial

Tax on Amazon purchases in Calif. begins Saturday

Submitted by Fox First at Ten on September 13th

By HANNAH DREIERAssociated Press SACRAMENTO, Calif. (AP) - Online retailer Amazon.com has tried to become all things to all consumers, but in California, it is about to take on a role it has fought against for years: tax collector. The change, which takes effect this weekend, comes after years