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So as other companies were scaling back in the past two years, HP was on the hunt for bargains. Hurd found his first in August 2008, when HP spent $13.9 billion to buy the languishing infotech-consulting giant Electronic Data Systems (EDS), a direct play against high-end-services leader...
Greece can breathe a sigh of relief. On April 11, the 16 members of the European Union that use the euro agreed to lend $40 billion to the struggling nation. Under the long-awaited financial-rescue plan, Greece, which is $400 billion in debt, would be able to borrow at...
The Catholic Church released guidelines on April 12 instructing church officials to notify local police about cases in which sexual abuse is suspected. Posted on the Vatican's website, the rules instruct bishops to follow "civil law concerning reporting of crimes to the appropriate authorities." The church claims this has...
Lawmakers have passed what could be the nation's strictest law against illegal immigrants, making it a crime to fail to have proper documentation. If signed by Governor Jan Brewer, the bill will also empower police to stop a person merely on reasonable suspicion that he or she is in...
Putting another dent in Toyota's already banged-up reputation, Consumer Reports magazine issued a rare "Don't buy" warning for the company's Lexus GX 460 SUV because of high rollover risk. Toyota responded on April 13 by ordering its dealers to immediately stop selling the model. Plans to...