9:00am (EST) Shares of Hewlett Packard (HPQ, $46.30, down $0.05) fell 10% in extended trading on Friday as Wall Street and traders dumped the stock after hearing the company’s CEO, Mark Hurd, was stepping down. The resignation caught everyone off-guard, but what was shocking is that Mr. Hurd resigned in the wake of a sexual harassment probe. The claims againstRead more
Hewlett Packard in Turmoil
Market Choppy; Hewlett-Packard (HPQ) On Deck
HP Pounces On Palm (PALM), Buffalo Wings Gone Wild (BWLD)
9:05am (EST) The bulls were back on track yesterday following Tuesday’s sell-off after another batch of good earnings and some reassuring comments from the Fed kept the bears at bay. However, it wasn’t all smooth sailing. The market was holding steady but was dealing with another downgrade from Standard & Poor’s. Read more