U.S. indexes failed to build on Friday’s rebound and closed the day slightly lower. Hewlett-Packard’s (HPQ) stocks were up 6% after the announcement was made that the 75-year-old company is planning on splitting into two separate companies in hopes to add shareholder value and spur innovation. HP will split be separating its computer and printer business from the much faster-growing corporate hardware and services operations. The technology giant will also be eliminating an additional 5,000 jobs during this process.
Word on the Street
- 7 companies that are expecting big Q3 profits.
- HP (HPQ) is splitting into two companies.
- One simple trick to tell if a company’s earnings will be good.
- Yahoo (YHOO) looks to invest $20 million in Snapchat.
- GT Advanced Technologies (GTAT) files for bankruptcy.
- Tekmira Pharmaceuticals’ (TKMR) treatment used in first American Ebola cases.