Microsoft-co founder, Paul Allen, has won the title of the world's wealthiest bachelor, with an estimated personal fortune of $15.3 billion.» Read More
Abhey Lamba, senior equity research analyst at Mizuho Securities USA, comments on HP's results and warns that the group's transition "won't be easy or quick."
A federal judge ordered HP and its CEO to defend a class action suit that claims they knew statements about Autonomy were misleading.
Nov 26- A California federal judge has ordered Hewlett-Packard Co and Chief Executive Meg Whitman to defend a securities shareholder class action that claims they knew statements about HP's acquisition of software company Autonomy were misleading.
*Rakuten jumps after being promoted to main board Topix. Nikon Corp, Ricoh Co Ltd and Canon Inc were in demand, up between 0.8 and 3.1 percent after U.S. Nikon is down 23.6 percent year-to-date and is the worst underperformer in the Nikkei this year, while the benchmark has rallied nearly 49 percent.
Brian White, Global Head of Technology Hardware & Software, Equity Research at Cantor Fitzgerald, says PC sales for Hewlett-Packard blew through expectations in the fourth quarter but he's skeptical on the company's turnaround story.
SAN FRANCISCO, Nov 26- Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company's turnaround plan, and its shares rallied more than 7 percent.
Apple Inc. rose $9.66 or 1.8 percent, to $533.40. Hewlett Packard Co. fell$. 23 or. 9 percent, to $25.09. International Business Machines Corp. fell $1.63 or. 9 percent, to $177.31.
Check out which companies are making headlines after the bell Tuesday.
SAN FRANCISCO, Nov 26- Hewlett-Packard Co's fourth-quarter revenue beat expectations as rising sales from its key enterprise group helped offset a shrinking personal computer business, an optimistic sign that sent its shares rallying more than 7 percent.
Hewlett Packard beats, reporting Q4 EPS of $1.01 ex-items on revenue of $29.13 billion, says CNBC's David Faber.
Hewlett-Packard delivered quarterly earnings and revenue that surpassed analysts' expectations on Tuesday.
SHANGHAI Nov 27- In a small research lab in Palo Alto, California, flanked by Hewlett-Packard Co and Stanford University, China's largest electronics retailer is learning how to compete online.
Apple Inc. rose $9.67 or 1.8 percent, to $533.41. Hewlett Packard Co. fell$. 06 or. 2 percent, to $25.26. International Business Machines Corp. fell$. 87 or. 5 percent, to $178.07.
"Fast Money" traders Jon Najarian and Josh Brown debate their position on Hewlett-Packard. Brown says no one should buy HP as a 3D printing play.
Apple Inc. rose $3.52 or. 7 percent, to $527.26. Hewlett Packard Co. fell$. 07 or. 3 percent, to $25.25. International Business Machines Corp. fell$. 54 or. 3 percent, to $178.40.
Thursday evening hours and staggered openings may help prevent chaotic overcrowding and ease tensions at registers.
The holiday-shortened week includes housing starts, with Wall Street looking to decide if recent signs of softening bode anything longer term.
This has been a stellar year for the stock market but investors should be questioning this rally, said Stock Trader Daily's Thomas H. Kee, Jr.
*Oil falls after Iran deal, energy shares may be pressured. *FDA approves Johnson& Johnson's hepatitis C drug. NEW YORK, Nov 25- U.S. stock index futures rose on Monday, suggesting major averages would extend a rally that has taken them to repeated all-time highs, though energy shares will be in focus amid a sharp decline in crude oil prices.
Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems are starting to spook Hewlett-Packard investors.