Posts From King World News
(Reuters) – Hewlett-Packard Co said its board had approved the previously announced split of the company into two separate listed entities – computers and printers, and corporate hardware and services. Hewlett-Packard said on Thursday that it expected its split into Hewlett Packard Enterprise Co and HP Inc to be completed on Nov. 1. A day later, Hewlett Packard Enterprise, comprising the corporate hardware and service business, will start trading on
(Reuters) – Apple Inc said on Thursday it appointed James Bell, Boeing Co’s former chief financial officer, to its board. Bell is on the board of several other companies, including JPMorgan Chase & Co and Dow Chemical Co . (Reporting by Kshitiz Goliya in Bengaluru; Editing by Savio D’Souza)
Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said on Thursday. As part of its overhaul, Toshiba has launched a new management team, which won approval from shareholders on Wednesday. Muromachi said that the restructuring steps may temporarily hurt the company’s capital
British tech entrepreneur Mike Lynch on Thursday said he would file a claim against Hewlett-Packard for $150 million in damages over allegations the U.S company made about his role in the acquisition of his software company Autonomy in 2011. Lynch’s action marks the latest twist in a long-running battle between the HP and Lynch that has led to multiple lawsuits over who is to blame for a disastrous deal that
SEOUL (Reuters) – South Korean consumer electronics maker LG Electronics Inc expects sales at its mobile division to improve starting from the fourth quarter as the firm launches new devices, a senior executive said on Thursday. Speaking at a launch event for the new V10 smartphone, LG mobile division chief Cho Juno told reporters the firm will use the high-end device as well as new mid-to-low tier products to boost
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General Motors Co told Wall Street on Thursday that its recovery is gathering momentum with improving margins, strong brands, new markets for high-tech vehicles, and prospects for stronger profits in coming years. The No. 1 U.S. automaker said it is targeting an increase in earnings per share to between $5 and $5.50 per share before items, from the $4.50 per share that Wall Street analysts expect for this year. GM
Shares of the company, which said it would close the stores this year and in 2016, fell as much as 13 percent on Thursday. Dunkin’ estimated a growth of 1.1 percent in comparable sales at its U.S. Dunkin’ Donuts stores in the quarter ended September compared with a 2 percent rise a year earlier. The company said the stores being closed accounted for 0.1 percent of its U.S. sales.
Major automakers booked double-digit sales gains last month in the U.S. market, helped by strong growth from key brands like Jeep and a later Labor Day holiday. Ford saw 23 percent sales growth in September, …
