HP to split into HP Inc and Hewlett Packard Enterprise
Hewlett-Packard will separate into two firms: HP Inc focusing on PCs and printers, and Hewlett Packard Enterprise handling data storage servers and software services. The split aims to unlock faster growth, with leadership by Meg Whitman and Dion Weisler, and a planned close by end of fiscal 2015. HP stock rose after the announcement.
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HP rise and falter through the years
A historical look at Hewlett Packard from its Palo Alto garage origins with Bill Hewlett and Dave Packard to its growth into printers PCs and services and its later decline. It notes Palm webOS Autonomy write downs and leadership shakeups including Mark Hurd and Leo Apotheker amid competition from Lenovo.
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HP considered splitting PC unit in 2011 then reversed
HP weighed breaking off its PC division in 2011 but chose to stay. CEO Meg Whitman, steering the turnaround for three years, said on Monday the company has now strengthened its core to support a potential split.
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Power steering probe hits Ford Fusion MKZ and Milan models
U S safety regulator opens an investigation into reports that power assisted steering can fail on 2010 to 2012 Ford Fusion and Lincoln MKZ and 2010 2011 Mercury Milan including hybrids. 508 complaints cite steering loss with four crashes and no injuries reported. Ford cooperates and urges dealers to diagnose.
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