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Latest Hewlett-Packard Items
Falling oil prices and a surprise announcement from Hewlett-Packard weighed on technology and energy stocks Tuesday.
Hewlett-Packard's fourth-quarter earnings will provide the latest snapshot of a technology pioneer struggling to regain its edge as its personal computers and printers lose their appeal in a market tilting toward smartphones and tablets.
Idaho officials have awarded an eight-year, $180 million contract to Hewlett-Packard Co. to provide high school students and teachers with laptops, in a deal that hinges on a voter initiative.
General Motors will hire 3,000 workers from Hewlett-Packard, part of a push to bring most of its computer technology in-house.
The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month.
Worldwide shipments of PCs fell sharply in the third quarter, as some consumers spent their electronics dollars on smartphones and tablets and others held off for a new version of Windows.
Research firm Gartner says PCs from Lenovo are outselling Hewlett-Packard for the first time, making the Chinese company the world's biggest maker of PCs.
A pair of encouraging economic reports helped nudge the stock market higher Wednesday. Measures of business activity in the service sector and job growth last month came in better than economists had expected.
Hewlett-Packard Co. is expecting earnings to fall by more than 10 percent next year as CEO Meg Whitman struggles to fix a wide range of problems in a weakening economy.