Hewlett Packard

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HP Isn't Halting Lawsuit After Billionaire Dies in Yacht Sinking

Mike Lynch's widow, who survived the accident, could be on the hook for $4B civil fraud complaint

(Newser) - As billionaire Mike Lynch's family continues to grieve his death, and that of six others, after his superyacht Bayesian sank off the coast of Sicily on Aug. 19, they have another ongoing issue to contend with. People reports that Hewlett Packard Enterprise, which had sued Lynch for fraud after...

Strange Twist Related to CEO Missing in Yacht Sinking

Mike Lynch's former business partner, Stephen Chamberlain, was fatally struck by a car

(Newser) - The timing is equal parts tragic and bizarre. As of Tuesday morning, British tech entrepreneur Mike Lynch remains missing after the superyacht he was on sank off the coast of Italy. Just two days before the vessel sank, Lynch's former business partner—and fraud co-defendant—was fatally struck by...

Musk Partially Reverses Exit From California

Tesla's engineering headquarters will be in Palo Alto, not Texas

(Newser) - After moving his residence to Texas and threatening to pull all of Tesla out of California, Elon Musk has had a change of heart. With California Gov. Gavin Newsom at his side, Musk announced Wednesday that the automaker's global engineering headquarters will be in Palo Alto. The headquarters will...

Fiorina Campaign Getting Bupkis From HP Employees

'She is a terrible leader ... as bad as they come'

(Newser) - Experts say Carly Fiorina needs to start bringing in major cash if she wants to seriously challenge for the Republican presidential nomination. But it appears there's one place those donations won't be coming from: her former company. The Daily Beast reports Fiorina hasn't received a single donation...

I'm Not Budging: Carly Fiorina Was an Awful CEO
I'm Not Budging: Carly Fiorina Was an Awful CEO
OPINION
Sep 21, 2015 11:50 AM CDT

I'm Not Budging: Carly Fiorina Was an Awful CEO

In a column, Jeffrey Sonnenfeld explains why his opinion stands

(Newser) - Jeffrey Sonnenfeld got name-checked during the last GOP presidential debate, when Donald Trump noted that the Yale professor has called Carly Fiorina's time at Hewlett-Packard "one of the worst tenures for a CEO that he has ever seen." And Trump was right, Sonnenfeld writes in a Politico...

Fiorina Shouldn't Boast About Her Business Cred
Fiorina Shouldn't Boast About Her Business Cred
OPINION
Aug 18, 2015 1:30 PM CDT

Fiorina Shouldn't Boast About Her Business Cred

Andrew Ross Sorkin: She calls it an asset, but it might be her biggest liability

(Newser) - Carly Fiorina is getting more attention as a serious candidate now, and she wants people to measure her by her accomplishments in the world of business. But at the New York Times , a business reporter who used to cover her thinks that might backfire. After all, she got fired as...

Carly Fiorina Has a Domain Name Problem

Trolls take her to task—at CarlyFiorina.org

(Newser) - Carly Fiorina announced her presidential candidacy today, and Internet trolls didn't waste time taking her on. It seems Fiorina failed to buy CarlyFiorina.org , and now she's facing the consequences, Gizmodo reports: Someone else bought it and filled it with 30,000 sad faces to represent the...

Carly Fiorina Running for President

Wall Street Journal says former H-P chief will announce on May 4

(Newser) - She lost a bid for the Senate five years ago, but now Carly Fiorina is hoping that her first political job will be even loftier: The former chief of Hewlett-Packard will launch her presidential campaign on May 4, reports the Wall Street Journal . Relative to those who have already done...

Hewlett-Packard Splits in 2
 Hewlett-Packard Splits in 2 
Oct 6, 2014 6:20 AM CDT

Hewlett-Packard Splits in 2

PC and printer side will separate from tech services

(Newser) - Hewlett-Packard is splitting itself into two companies: one focused on its personal computer and printing business and another on technology services, such as data storage, servers, and software, as it aims to drive stronger profitability. The company says the PC and printer business will use the name HP Inc.; Re/code...

Presbyterians Divest From 3 Big Companies Over Israel

Church says H-P, Motorola, Caterpillar help build settlements

(Newser) - The biggest Presbyterian denomination in the US made headlines last night by voting to divest from three big companies it says help Israel oppress Palestinians, reports Religion News Service . Presbyterian Church USA will sell its stock in Caterpillar, Hewlett-Packard, and Motorola Solutions because it says Israel uses their products in...

Firm Behind ObamaCare Mess Is ... Unusual

At CGI Federal, employees 'make their own jobs'

(Newser) - How did the company that built the bulk of HealthCare.gov manage to bungle it so badly? There may be some clues in the corporate ethos of CGI Federal, Newsweek finds in an extensive look at the Canadian IT pioneer that now holds hundreds of government contracts in the US...

Dow Dumps Bank of America, HP, Alcoa

Nike, Visa, and Goldman Sachs to replace them

(Newser) - The Dow Jones Industrial Average is ditching Hewlett-Packard, Bank of America, and Alcoa, it announced today, in what the Wall Street Journal is calling "the biggest shake-up of the 30-stock index in almost a decade." The Dow will add Nike, Visa, and Goldman Sachs to replace the three...

HP Adding 3D Motion Technology to Computers

Company teams with Leap Motion

(Newser) - Leap Motion says its 3D motion controllers will be included in some computers from Hewlett-Packard this year. The Leap Controller tracks people's fingers and hand motions as they gesture, swipe, and point at their computer screens. Applications developed for it let people control games, work on office tasks, paint...

Chubby Checker Sues HP Over Penis Size App

It would be difficult for this story to get any weirder

(Newser) - Somehow "Chubby Checker," "Hewlett-Packard," and "penis size" have all ended up in the same story. It seems there was once an app for HP's Palm OS platform called " The Chubby Checker ," but it had nothing to do with the singer. Rather, it...

Worried US Nuke Lab Ditches Chinese Parts

Computer components were made by Huawei-affiliated company

(Newser) - In a national security move, a top US nuclear facility has replaced at least two computer parts after learning that they were Chinese-made. The systems at Los Alamos National Laboratory, which maintains our nuclear weapon stockpile, used some network switches created by China-based H3C; the switches control data flow. H3C...

Justice Department Opens Inquiry Into HP Unit

Autonomy's bookkeeping under investigation

(Newser) - Hewlett-Packard says the Justice Department is investigating HP's business software unit Autonomy, which the computer maker has accused of fudging its accounting . HP revealed the investigation in an SEC filing yesterday. The technology company also said it provided information to the UK Serious Fraud Office and the SEC about...

Investor Sues HP Over Autonomy's Alleged Fraud

Unit's founder says he's 'shocked' by allegations

(Newser) - As if losing $8.8 billion thanks to alleged accounting malfeasance at its newly acquired Autonomy Corp unit wasn't bad enough, Hewlett-Packard is now facing a lawsuit from an investor over the deal. The shareholder claims HP hid Autonomy's problems, issuing false and misleading statements, Bloomberg reports. "...

HP: New Acquisition Cheated Us, Cost Us $8.8B

Company says it has alerted regulators

(Newser) - Hewlett-Packard is accusing Autonomy Corp, which it purchased last year for $10.3 billion, of falsifying its finances—leading HP to take an $8.8 billion charge to sync Autonomy's accounting value with its real value. In a statement, HP accused "former members of Autonomy's management team"...

Hewlett-Packard to Cut 27K Jobs
Hewlett-Packard
to Cut 27K Jobs
May 23, 2012 3:32 PM CDT

Hewlett-Packard to Cut 27K Jobs

It's the company's biggest reduction in its 73-year history

(Newser) - Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad, and other mobile devices makes it tougher for the company to sell personal computers. The cuts announced today represent HP's largest payroll purge in its 73-year history. The reductions will affect about 8% of...

Apple Has Killed a Half Million Jobs

BusinessInsider doubts Apple's job-creation claim

(Newser) - Accused of shipping American jobs overseas , Apple reacted by saying it has actually created US jobs— some 514,000 in fact . Now BusinessInsider takes a closer look at the numbers and finds that the tech behemoth has actually eliminated 490,570 positions, nearly the same amount it has created. Here'...

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