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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 29, 2010

Page

9

HP to acquire Palm Inc for about 1 billion dollars

Hewlett-Packard Co agrees to buy Palm Inc in cash at 5.70 per Palm share, valuing Palm around 1 billion. Palm, known for the Palm Pilot and webOS, struggled to compete with iPhone BlackBerry and Android devices as HP eyed a broader mobile strategy.

San Francisco Palm Inc Hewlett-Packard Co Silicon Valley Palm Donna Dubinsky Jeff Hawkins U.S. Robotics 3Com Corp Apple Inc iPhone Research In Motion Ltd BlackBerry Google Inc Apple IDC Ramon Llamas Motorola Inc Llamas Mark Hurd Hurd Electronic Data Systems

Spain credit downgrade fuels eurozone debt fears

Spain's credit rating was cut amid fears its debt woes threaten the euro. Germany pushed to speed its share of a near 60 billion bailout with the IMF, aiming to unlock aid for Greece by a May deadline. Investors reacted as markets closed lower, amid uncertainty over Greece's actual funding needs and future of the euro.

Berlin Europe Spain Germany Greece Portugal Euro Angela Merkel International Monetary Fund European Commission IMF Dominique Strauss-Kahn Finance Wolfgang Schaeuble Strauss-Kahn

Corporate profits surge as economy strengthens in early 2009

United States companies across sectors report first quarter profits well above year earlier levels as consumer spending rebounds. Analysts cite a 76 percent year over year rise in S&P 500 operating earnings, with Ford, Caterpillar, Royal Caribbean and UPS among notable improvers while unemployment remains high and housing struggles persist. The mood turns cautiously optimistic about a durable recovery.

Chicago America Joseph LaVorgna U.S Deutsche Bank Standard & Poors Barry Ritholtz Fusioniq Ford Motor Co Caterpillar Inc Royal Caribbean Cruises Ltd UPS Inc DuPont Co Estee Lauder Cos Whirlpool Corp

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