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IBM names Rometty to succeed Palmisano as CEO

IBM CEO Sam Palmisano will hand over the reins to global sales chief Virginia Rometty from 2012, ending a reign of nearly a decade during which he helped transform Big Blue from a PC hardware company into a global services behemoth.
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JP Morgan restarts HP; cautious on big challenges

Hewlett-Packard Co could face a troubled turnaround, with tough challenges that could result in underwhelming revenue and earnings growth, JP Morgan said, resuming coverage of the Silicon Valley company with an underweight rating.
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HP closes Autonomy deal

Hewlett-Packard completed its $12 billion buy of British software firm Autonomy on Monday, the centerpiece of a botched strategy shift that cost ex-chief executive Leo Apotheker his job last month.
Meg Whitman gives her concession speech during her election night rally in Los Angeles

HP's Whitman to Take Home $1 in Salary, Plus Incentives

Meg Whitman, as the new CEO and president of the Hewlett-Packard Co., will be getting $1 in base salary, a target annual bonus of $2.4 million for HP's 2012 fiscal year, and an option to buy 1.9 million shares of the company's stock at $23.59 apiece under certain conditions
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Kraft Boss Bumps Pepsi Chief as Top US Woman Exec

Kraft Foods (KFT.N) boss Irene Rosenfeld is the most powerful woman in U.S. business, Fortune magazine said on Thursday, bumping PepsiCo Inc (PEP.N) chief Indra Nooyi into second spot after five years on top.
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Apotheker's exit payout dwarfs HP's new CEO

Hewlett Packard Co will pay ousted CEO Leo Apotheker nearly $10 million in severance and bonuses and let him keep 156,000 restricted shares, a hefty payout for an 11-month term that saw HP's share price dive 45 percent.
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Apotheker's HP payout dwarfs new CEO's salary

Hewlett Packard Co will pay fired CEO Leo Apotheker nearly $10 million in severance and bonuses, a handsome payout for a much-criticized leader that dwarfs new chief Meg Whitman's $1-a-year base salary.
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Autonomy hits back at Oracle in deal spat

A war of words between Oracle and Autonomy escalated on Thursday when dealmaker Frank Quattrone and Autonomy chief Mike Lynch disputed the U.S. software giant's claims about the nature of a meeting all three parties attended in April.
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HP hires Goldman to guard against activists: report

Hewlett-Packard CO has hired Goldman Sachs Group Inc to help the company defend itself against possible activist investors who could push for change at the Silicon Valley company, the Wall Street Journal reported, citing people familiar with the matter.
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Acer sees HP changes chance to grab customers: report

World No. 2 computer vendor Acer believes the recent top management change at rival Hewlett-Packard is a huge opportunity for the former to win over some customers, Acer Europe head Walter Deppeler told a German daily.
A man's hand is seen on an Acer logo as he pastes a poster below at a computer mart in Taipei

Acer Sees HP Changes Chance to Grab Customers, Report

World No. 2 computer vendor Acer believes the recent top management change at rival Hewlett-Packard is a huge opportunity for the former to win over some customers, Acer Europe head Walter Deppeler told a German daily.
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DJIA in Worst Fall Since Depth of '08 Crisis

The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserve about the U.S. economy.
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Wall Street stabilizes after disastrous week

The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserved about the U.S. economy.
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Wall Street edges higher in seesaw session

Stocks edged higher on Friday on talk the European Central Bank could add liquidity to stabilize the region's banking system, but continued fears about a global recession kept markets choppy.

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