Ousted Hewlett-Packard Co. CEO Mark Hurd has settled allegations of sexual harassment lodged against him by a female contract worker for HP, a person with intimate knowledge of the case tells the AP.
Mark Papermaster, the Apple spacer executive in charge of hardware for the company’s flagship iPhone, has left the company in the wake of widely reported problems with the antenna of the recently introduced iPhone 4. It is not clear if Mr. Papermaster was ousted or left on his own accord.
Shares of HP plunged 10% after hours as investors scrambled to adjust their technology trades, stunned by word that HP CEO Mark Hurd was stepping down.
US stocks posted modest gains during the first week of August, led by the S&P 500 index with a gain of 1.82%. Within the S&P, health care and energy companies rose the most. Pork belly future contracts jumped 18% for the week, while the dollar fell to a 15-year low against the Japanese yen.
Stocks slipped Friday, but ended off their earlier lows, amid disappointment in the July jobs report. Still, stocks managed to finish solidly higher for the week.
Stocks were sharply lower Friday after a second straight drop in payrolls increased expectations of a slow economic recovery. Financials led the decline. Kraft rose.
Stocks ended modestly lower after an unexpected rise in initial jobless claims and disappointing July retail sales, as the market awaited the critical July employment report.
Stocks were weak Thursday after an unexpected rise in initial jobless claims and July retail sales that were mostly weak.
Stocks skidded Thursday after a report showed an unexpected rise in jobless claims last week. Retailers were mixed as chain-store sales showed only a slight improvement from last summer's anemic levels.
Every now and then, the time is right for higher-level observations. The equilibrium between stocks and bonds has been broken. There is no "bond bubble." There are children of the baby boom generation who will not purchase stocks like their parents did, and that is quite an important development to monitor.
Stocks opened higher Wednesday after a pair of reports offered some encouragement on the struggling job market. Should investors focus on fundamentals or technicals? Scott Redler, chief strategic officer at T3live.com, and David Kotok, chairman and CIO at Cumberland Advisors and CNBC contributor, discussed their insights.
Forget arguments over deflation, inflation, and double-dips and read the tea leaves. By pushing yields to these levels, buyers are sending a message of extreme conservatism. A relative melt-up is still possible, but the bond markets are talking, and they deserve to be heard.
Data suggests that tax-exempt bonds may continue to rally from current, historic high prices and low yields. But why? This strategist thinks there are at least three reasons.
Hersh Cohen, the manager of Legg Mason ClearBridge Equity Income, who has been investing in dividend stocks for four decades, is finding some of the biggest bargains of his career.
US stocks posted their best monthly performance of the year, led by the Dow Jones Industrial Average with a gain of 7.1%. Within the S&P 500 sectors, industrial and material companies rose the most in July.
Can you guess who it is?
Stocks ended lower for a second day Thursday, led by tech and consumer shares, after some disappointing outlooks. Financial and materials rose slightly.
Stocks shaved some of their earlier losses as financials gained. Sony and BP shares rose.
Weakness in technology and consumer staples has triggered chatter that recent gains may be short-lived. Is the market trying to tell us something?
Nuance, the company that makes Dragon NaturallySpeaking for Windows, is in a pretty sweet position: It’s essentially a monopoly.