Boeing, Citi fall; Hewlett Packard Enterprise, Okta rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
Boeing Co., down $10.60 to $331.90
Exporters' stocks fell as the arrest of a senior Chinese technology executive threatened to worsen U.S.-China trade tensions.
Lam Research Corp., down $3.96 to $145.73
Martin Anstice resigned as CEO as the semiconductor equipment maker investigates allegations of misconduct against him.
HP Enterprise: Fiscal 4Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ Hewlett Packard Enterprise Co. (HPE) on Tuesday reported a fiscal fourth-quarter loss of $757 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Palo Alto, California-based company said it had a loss of 52 cents. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.
Correction: PepsiCo-CEO-Women-Glance story
In a story Aug. 6 story listing female CEO of S&P 500 companies, The Associated Press erroneously listed Margaret C. Whitman as the CEO of Hewlett Packard Enterprise Co. She stepped down from the role in January.
Blue Buffalo and HPE climb while RBS and LifePoint drop
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Blue Buffalo Pet Products Inc., up $5.88 to $40
The pet food maker agreed to be bought by breakfast food maker General Mills for $40 a share, or $8 billion.
HP Inc., up 74 cents to $22.13
The printer and PC maker reported strong first-quarter results and gave a positive annual forecast.
The next act for Whitman, chief of Katzenberg’s NewTV
NEW YORK (AP) — Hewlett-Packard CEO Meg Whitman, one of the most powerful women in the business world, is being named the new CEO of Jeffrey Katzenberg's NewTV.
The "mobile-first media platform" is producing short, Hollywood-style productions for mobile devices, with a run time of 10 minutes or less.
Whitman begins in March. Katzenberg, the former Disney chairman and co-founder of DreamWorks Animation, is the chairman.
Whitman joins Sacramento MLS expansion bid
NEW YORK (AP) — Meg Whitman, the CEO of Hewlett Packard Enterprise Co., joined the bid of Sacramento, California, for a Major League Soccer franchise on Wednesday as the four finalists made presentations to the league's expansion committee.
Sacramento and Nashville, Tennessee, are considered the favorites to be awarded teams next month. Cincinnati and Detroit also are bidding.
Hewlett Packard Enterprise Co. is going back to its roots.
The company now known as HPE will be run by an engineer for the first time in almost two decades, now that Antonio Neri is succeeding Meg Whitman as chief executive officer.
"The next CEO of the company needs to be a deeper technologist, and that's exactly what Antonio is," Whitman said this week on a conference call discussing the succession plan.
Deere and Axalta climb while Hewlett Packard Enterprise dips
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
Deere & Co., up $6.02 to $145.25
The farm equipment maker had a strong quarter and its annual forecast was better than analysts expected.
HP Inc., down $1.12 to $21.34
The PC and printer maker couldn't hang on to its big recent gains in spite of a solid quarterly report.
Hewlett Packard Enterprise Co., down $1.02 to $13.10
The data center hardware company said CEO Meg Whitman will retire in February.
Meg Whitman stepping down as HP Enterprise CEO
NEW YORK (AP) — Meg Whitman, who oversaw the breakup of one of Silicon Valley's pioneering companies, is stepping down as CEO of Hewlett Packard Enterprise Co.
HPE said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1.
Hewlett Packard Enterprise Co. is planning to lay off at least 5,000 employees, or about 10 percent of its workforce, according to a business media report.
Bloomberg reported that the job cuts, which will occur in the U.S. and abroad, are expected to begin before the end of the year. HP Enterprise did not immediately respond to a request for comment from the Los Angeles Times.
GrubHub and Scana fall while CarMax and Finish Line soar
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
GrubHub Inc., down $1.82 to $51.69
Competition for the online food ordering service got tougher after Amazon teamed up with ordering interface company Olo.
CarMax Inc., up $5.35 to $74.19
The used car retailer's quarterly profit and revenue were better than analysts expected.
Finish Line Inc., up 51 cents to $9.73
The sporting goods retailer recovered some of its recent losses after its second-quarter report.
Glitch sends driver’s license suspension notices to hundreds
CRANSTON, R.I. (AP) — The Rhode Island Division of Motor Vehicles say a computer glitch caused hundreds of letters threatening license and registration suspensions to be sent out this month.
DMV spokesman Paul Grimaldi said Wednesday the erroneous letters went out due to complications with the transition to a new computer system. The letters incorrectly warned car owners they had failed to get a required vehicle safety inspection.
CRANSTON, R.I. (AP) — Offices of the Rhode Island Division of Motor Vehicles are set to reopen for regular business after the agency installed its long-delayed new computer system.
The DMV says it's reopening all its offices on Tuesday on a walk-in basis, but says people should expect long lines and wait times.
Work to launch the computer system began in May. The work has meant DMV offices had to shut down temporarily, and then required appointments when they reopened.
CRANSTON, R.I. (AP) — The Rhode Island Division of Motor Vehicles is set to launch its long-delayed new computer system this week.
State officials say the system replacement program is underway and on schedule for its launch on Wednesday.
The DMV plans to return to full operation in stages, with transaction service resuming at intervals for its offices, online and at AAA locations in Rhode Island.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Boeing Co., down 31 cents to $187.32
Canada's defense minister renewed threats to cancel an order for Boeing fighter jets because of its trade complaint against Bombardier.
Dollar General Corp., up $4.80 to $78.19
The discount store chain announced a bigger profit and better sales than investors expected.
Hewlett Packard Enterprise Co., down $1.29 to $17.52
PROVIDENCE, R.I. (AP) — The state Division of Motor Vehicles says it's temporarily closing its Wakefield office to launch a long-delayed new computer system.
The DMV office in the Oliver Stedman Government Center in Wakefield will close Monday. It's expected to reopen July 18.
The state sued Hewlett Packard Enterprise Co. last year over the unfinished project to replace the agency's 40-year-old computer system. The state agreed to settle the suit in April.
Rhode Island agrees to settle DMV dispute with IT firm
PROVIDENCE, R.I. (AP) — Rhode Island has reached a settlement in its lawsuit against the company building a new computer system for the state Division of Motor Vehicles.
The state sued Palo Alto, California-based Hewlett Packard Enterprise Co. last year over the unfinished project to replace the agency's 40-year-old computer system.
The contract dispute was scheduled to go to trial in May, but the sides said Wednesday they've agreed to have the case dismissed.
HP Enterprise cuts outlook, sees ‘significant headwinds’
PALO ALTO, Calif. (AP) — Shares in Hewlett Packard Enterprise Co. tumbled in after-market trading Thursday after the company said it is facing "significant headwinds" that will slow its profits this year.
The information technology products and services provider trimmed its profit outlook for its current fiscal year, citing the impact of foreign currency fluctuations, more expensive commodities and "some near-term execution issues."
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