Hewlettâs Chief Plans to Keep Cutting Costs
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Mark V. Hurd assured analysts and investors that he planned to continue cutting costs but did not foresee making major acquisitions in order to maintain growth.
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The chairman and chief executive of Home Depot Inc.  said on Wednesday the home improvement retailer plans to remain a publicly owned company.
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British Airways chief executive Willie Walsh refuses to back down over new fees for baggage.
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Mark V. Hurd, assured analysts and investors that he planned to continue cutting costs but did not foresee making major acquisitions to maintain growth.
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A defiant Peter Hain has made clear that he has no intention of resigning amid donations row
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The head of Airbus vowed to press ahead Wednesday with a radical restructuring at the struggling aircraft manufacturer, defying unions fighting massive cutbacks and insisting the company had to slim down.
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Â· Falconer pledge to end big payments not yet realisedÂ·  Money needed for civil and family law sectors.
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Business & money: Owner outlines his strategy to revive label in face of growing opposition to plans to cut up to 2,000 jobs
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The head of the world&#39;s largest contract chip manufacturer said Thursday it will cost an estimated $1 billion (euro 776 million) for his company to develop the latest chip production technology.
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Business & money: Chief executive says store has cut prices by 30% over past decade and created more than 130,000 jobs
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The board of Hewlett-Packard Co.  HPQ.N discussed breaking up the No. 2 computer maker three  times in the past, yet each time decided to keep it intact,  Chief Executive Carly Fiorina said on Tuesday, defending her  strategy for the company.
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Professional bodies and trade unions vowed to continue actions to force the government to cut mobile phone rates following a third boycott of cellular lines, reckoned to be among the costliest in the world.
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The first minister concedes that job cuts are inevitable in efforts to cut public sector costs in Scotland.
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DETROIT -- A top Ford Motor Co. executive defended the company's revised turnaround plan against criticism that it did not go far enough, saying yesterday that moving any faster would end up costing the automaker more.
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Talks to create a national fund to compensate asbestos victims will continue, the new leader of the Democrats in the US Senate said on Tuesday.
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Arnaud Lagardere, chief executive of the Lagardere group, insisted Monday he would stay on the board of directors at Airbus manufacturer EADS despite an ongoing insider trading scandal.
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(InfoWorld) - Hewlett-Packard Co. president and chief executive officer Mark Hurd, speaking at a user conference Monday in Houston, told customers the company's goal is to listen to them more and respond to their needs more quickly. In a keynote address at the HP Technology Forum, which made only passing reference to the scandal that has rocked the company for the last two weeks, Hurd said "HP has made a lot of progress, but we've got a lot more to do." HP is on track to record about US$91 billion in revenue and an operating profit of $8 billion to $9 billion in fiscal year 2006, he said. That leaves $83 billion in costs that the Palo Alto, California-based company still needs to scrutinize for efficiencies. HP announced in July 2005 a restructuring that would result in the elimination of 15,300 jobs to save $1.9 billion in operating costs by the end of its fiscal year Oct. 31. Hurd told the Houston audience that while cutting some jobs, it is creating others and reinvesting in other areas to develop new opportunities for growth. "We want to spend money to realign our IT and make those investments so in the long term we save money," he said. Randy Mott, HP's executive vice president and chief information officer, explained the progress of HP's consolidation of 85 of its own data centers into six centers, two each in Austin and Houston, Texas, and Atlanta, Georgia. HP projects that consolidation will save the company about $1 billion in IT costs over the next few years. The company gave some of the 5,000 attendees a tour of one of the Houston centers to see how they might consolidate their own IT infrastructures. Hurd's one applause line in his presentation was his admission that HP needs to be more responsive to customers during the sales cycle: "When we actually show up at the account, we actually get more business than when we don't. We're working on that right now." To be more responsive, HP has cut the length of contract terms and conditions by two-thirds to make them easier to understand, said Ann Livermore, executive vice president of the technology solutions group, in her keynote. That was welcome news to Sam Ayers of the Information Technology User (ITUG) Group, representing users of HP's NonStop server line. Ayers chaired an ITUG Advocacy Committee which pushed for the streamlined contract terms. "It took a long time for that to be decided, but it's here," he said. Ayers is an IT professional with Chase Paymentech Solutions LLC, the largest credit, debit and gift card payment processor in the U.S. Hurd took only a handful of pre-screened questions from the audience and after his speech was quickly escorted out of the convention center and into a waiting Lincoln sport utility vehicle. Aides and security guards prevented a reporter from approaching him with questions about the HP board scandal. State, federal and congressional investigations are probing allegations that HP hired a private investigations firm to find out who was leaking news of HP board deliberations to the media. The private agency allegedly obtained private phone records of directors and reporters under false pretenses to find out who they were calling. Media reports Monday said investigative methods also included physical surveillance of people and an attempt to install surveillance software on a reporter's computer. Hurd made only a brief reference to the scandal in his keynote. When he mentioned that Jack Novia, HP's managing director of the Americas region and senior vice president of the customer solutions group, was throwing out the first ball at a Houston Astros baseball game Tuesday evening, Hurd said: "I asked him not to embarrass the company, given the press coverage we've gotten over the last week."