Focus Turns To the Chief Of H.P.; Stock Falls
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Pressure is mounting on H.P.Âs chief to explain his role in the companyÂs spying operation after his name figured in new documents in the investigation.
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With four FTSE 100 chairmanships under his belt, Sir Christopher Hogg knows more than most about how the boards of British companies - but even he is nonplussed to learn that the number of executive directors has plummeted over the past five years.
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Hewlett-Packard Co.'s stock price dropped by nearly 5 percent Thursday as investors reacted to reports that Chief Executive Officer Mark Hurd knew more about the computer and printer maker's elaborate spying program than previously thought.
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A slide on Wall Street gave  Republican presidential candidate Mitt Romney a chance to play  his strongest card on Tuesday and burnish his CEO image in a  state that could make or break his bid for the White House.
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Stocks fell on Friday, led by  pharmaceutical shares after a U.S. health official raised  concerns about drug safety and a drop in chip-equipment makers  following a ratings downgrade by Goldman Sachs.
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INVESTORS and traders lean to the Republicans, but the Dow is sending a signal that George W. Bush is going to lose office. Since 1904, the incumbent has failed to win re-election if the Dow falls by 0.5 per cent or more in October.
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Hewlett-Packard Co.'s board of directors yesterday called an emergency meeting for Sunday as a scandal involving spying on board members and journalists escalated and prompted Chairman Patricia C. Dunn to say she would step down if asked.
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Shares of H&R Block Inc.   tumbled 11 percent on Friday, a day after the largest U.S. tax  preparer warned it would take a charge related to its  struggling mortgage unit, and the stock was downgraded to  "neutral."
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By Pete CareySTAFF  Congressional investigators are questioning Hewlett-Packard Chief Executive Mark Hurd's sale of stock options, worth $1.37 million, which occurred 15 days before the company's controversial boardroom leak investigation became public.
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Stocks fell in early trading after the assassination of the Pakistani opposition leader Benazir Bhutto and after the U.S. government reported a weak increase in durable goods orders.
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By Connie Guglielmo  Shares of Hewlett-Packard, the world's largest maker of personal computers, fell Wednesday after holiday price cuts on PCs weighed on profit margins and the company's growth forecast disappointed some investors.
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Disclosures by Hewlett-Packard Co. chief executive Mark V. Hurd that he failed to read a report addressed to him about the company's spying investigation are prompting governance experts to ask why the company board yesterday handed Hurd more responsibility.
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Shares of Hewlett-Packard Co.   fell as much as 5 percent on Thursday after a newspaper report  indicated that Chief Executive Mark Hurd may be linked to a  controversial internal investigation of boardroom media leaks.
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The turmoil comes just days after its new chief presented a rescue plan intended to turn the plane manufacturer around.
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JUST IN At a press conference in Palo Alto, Calif. Friday, Hewlett-Packard CEO Mark Hurd addressed the issues surrounding the investigation into a boardroom leak, saying former chairwoman Patricia Dunn is fully resigning her post from the board. More coverage of this latest development coming shortly.
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The problems of others hit the stock where it hurts.
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California's Hewlett-Packard Co. said its chairwoman would step down and be replaced by the chief executive, further fallout from a corporate spying scandal.