Author: Michael Liedtke
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HP to buy EDS for about $13.2 billion in cash
SAN FRANCISCO – Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp.The all-cash deal announced Tuesday represents HP’s biggest gamble under the leadership of Mark Hurd, who was hired as…
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Shareholders could mutiny
SAN FRANCISCO – After fending off months of threats by Microsoft Corp., Yahoo Inc.’s directors still will have to fight for their jobs as the company’s irate shareholders plot a mutiny.Spurred by criticism about how Yahoo’s board responded to Microsoft’s sweetened takeover offer of $47.5 billion, an activist shareholder is trying to recruit an alternate…
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IPO sends Visa shares into orbit
SAN FRANCISCO – Catapulted by the biggest IPO in U.S. history, Visa Inc. shares soared 28 percent in their stock market debut Wednesday as investors bet an accelerating shift to electronic payments will enrich the world’s largest processor of credit and debit cards.After being priced above expectations at $44 per share in an initial public…
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Google adds muscle to marketing
Democratic presidential hopeful Sen. Hillary Rodham Clinton, D-N.Y.,and Philadelphia Mayor Michael Nutter at a Clinton campaign stop at Temple University on Tuesday. Photo by
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Wall Street cooling on Google as ads drop off
Alfonso Atencio is attended to by CT scan technician Nancy Parcell, foreground, after going into the Penrose Main Emergency Department Tuesday afternoon. Atencio, who has insurance, was injured while shoveling snow earlier in the day. Photo by Carol Lawrence, The Gazette Carol Lawrence
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Microsoft wants Yahoo to help it battle Google
Microsoft Corp. has pounced on Yahoo Inc., betting that the two companies together can compete with rising giant Google Inc. Photo by (AP)
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Oracle snaps up another rival
Jereme Lamberth is charged with first-degree-murder. The trial continues today. Photo by Bryan Oller
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Former rap star choreographs career at a dance video Web startup
MC Hammer hopes his website, DanceJam.com, can make its debut this month. THE ASSOCIATED PRESS/