Nico Grant, Bloomberg Published 9:46 am, Wednesday, May 23, 2018 Photo: Bloomberg Photo By Jacob Kepler. Image 1of/1 CaptionClose Image 1 of 1 Hewlett Packard Enterprises CEO Antonio Neri in Las Vegas on June 6, 2016. Hewlett Packard Enterprises CEO Antonio Neri in Las Vegas on June 6, 2016. Photo: Bloomberg Photo By Jacob Kepler. HP Enterprise tumbles on earnings outlook that fails to inspire 1 / 1 Back to Gallery Hewlett Packard Enterprise Co. shares slumped the most in more than a year after posting earnings forecasts that left analysts less than impressed. Profit excluding certain costs will be 35 cents to 39 cents a share in the fiscal third quarter, the Palo Alto, California-based company said in a statement Tuesday. Analysts had projected 36 cents on average, according to data compiled by Bloomberg. HPE Chief … [Read more...] about HP Enterprise tumbles on earnings outlook that fails to inspire
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Women still account for a small percentage of CEOs at the largest publicly traded U.S. firms, but some of those who've made it to the corner office are earning much more than their male counterparts. Executive data firm Equilar did a study on CEO pay at the 100-largest companies (by revenue) that filed proxy statements by April 1, and it found that women at the helm of these firms earned significantly more than their male peers for 2015. But it's a tiny group: Last year, just eight women served in the top position at firms in the study. However, on average they earned almost $23 million, compared to an average of nearly $15 million for male CEOs. Compensation includes base salary, yearly bonus, stock and options awards, and any other perks. The eye-popping pay for female CEOs in the study reflects that, by and large, they're leading some of the most successful companies in America, according to Dan Marcec, director of content at Equilar. "The fact remains that out of 100 CEOs, only … [Read more...] about Female CEOs are few, but they outearn male bosses
Last Updated Nov 2, 2015 5:46 PM EST NEW YORK - Stocks posted solid gains Monday, adding to last month's big advances and pushing the Dow Jones industrial average into positive territory for 2015. Several companies moved on news, including Chipotle Mexican Grill (CMG) and Visa (V).Health care stocks were among the winners as drugmakers Pfizer (PFE) and AbbVie (ABBV) climbed, while energy stocks rose sharply in a late-day rally.The Dow Jones industrial average rose 165.22 points, or 0.9 percent, to close at 17,828.76. The gain made the Dow the last of the three major U.S. market indexes to return to positive territory for 2015.The Standard & Poor's 500 index rose 24.69 points, or 1.2 percent, ending at 2,104.05, and the Nasdaq composite rose 73.40 points, or 1.5 percent, to finish at 5,127.15.Health care stocks continued to rally. Drug giant Pfizer rose $1.24, or 3.7 percent, to $35.05, the second-biggest gain in the Dow. The shares slumped late last week on word Pfizer is in talks … [Read more...] about Stocks climb, with Dow industrials back in the black
After being left for dead, HP Inc. (NYSE: HPQ) has surprised most investors with its strong turnaround. When it was announced that Hewlett-Packard would split into two companies, HP Inc. and Hewlett-Packard Enterprise (NYSE: HPE), investors had low expectations for the computer maker.The reason for the split was to allow HPE to "unlock value" by trading for expanded multiples, once that company no longer had the burden of its low-growth consumer hardware divisions. If there were any doubts as to which post-split company management assigned higher expectations to, they were answered by then-CEO Meg Whitman, who assumed the CEO role at HPE.Image source: HP Inc.While management said that the split would allow HP Inc. to focus on product innovation, many were initially critical of this assertion, as innovation should have been unaffected by the presence of the enterprise business. Additionally, HP Inc.'s management pledged that approximately 75% of free cash flow payout would be returned … [Read more...] about Is HP Inc. a Turnaround Buy?