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Attorney Generals of California and other states dertermined to make sure HP leak scandal do not repeat again in other companies - indictments eminent
Media Release
Sep. 22, 2006
Attorney Generals of California and other states dertermined to make sure HP leak scandal do not repeat again in other companies. Indictments are eminent in due course of time. The company has started cooperating after understanding what it has done to the basic structure of investment trust mechanisms of publicly traded companies in US.
Some experts saqy, HP board's actions were similar to Soviet Politbureau who wanted to keep power by hook or crook.
Today, Mark Hurd, chief executive, was linked to a controversial investigation into boardroom leaks. Criminal investigations by state and federal authorities are ongoing with HP's prestige and goodwill at stake.
It is not clear wjho will get indicted for what but HP shareholders especially the institutional investors are very nervous. HP lost close to 4.3% of the stock price today and experts say it can lose 30% very fast if things do not look better soon.
BIZ/FINANCE ARTICLES
Attorney Generals of California and other states dertermined to make sure HP leak scandal do not repeat again in other companies - indictments eminent
Media Release
HP lost close to 4.3% of the stock price today and experts say it can lose 30% very fast if things do not look better soon.
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SEC actions on hedge funds too late too little
Kirsten Henson
The hedge funds that pushed oil to eighties and made copper price go up by 500% are now in a total blood bath . SEC scrutiny of the same is too late and too little. SEC actions on hedgefunds may not make any bdifference at this stage.
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Stocks declined Tuesday after a weak housing report outweighed data showing inflation remains relatively tame
Media Release
The producer price index fell 0.4% but the real nasty news came from housing starts that slumped 6% on top already collapse that btook place earlier in the year.
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US Federal Reserve must lower the interest rates rapidly now to halt free falling US economy from a total catastrophic collapse
Sam Adelton
It seems like Japan in early nineties but in an accelerated mode. The biggest problem for the US economy as talked before is the real estate and heavy consumer debt. The Government debt is also a major problem as US economy rapidly shrinks.
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The bubbles in India, China and price pattern in Gold and oil forecast worldwide depression with relatively high commodity inflation
Paula Harris
It is time for Federal Reserve in US to preempt fast and decisively now. They should not do what they did in 1987. They should lower the rates after the big stock market crash. It will be too late this time. It is time for them to act now.
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10000 more at Ford to become unemployed as Ford heads towards bankruptcy
Media Release
No. 2 automaker to hasten and expand plant closings, trim a third of white-collar jobs and suspend dividend; still, stock tumbles as expected rebound to profitability delayed.
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Soaring global oil prices sent the U.S. trade deficit to an all-time high
Media Release
Soaring global oil prices sent the U.S. trade deficit to an all-time high, and Democrats hoping to take control of Congress said the figures showed Republican policies have failed.
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