DIAMOND FOODS SUSPENDS DIVIDENDS: SAN FRANCISCO (AP) - Diamond Foods Inc. is suspending its dividend payments to stockholders under a new credit agreement. The snack maker announced in February that it was replacing its CEO and chief financial officer after an internal investigation found the company improperly accounted for payments to walnut growers. Diamond has to ...
SANTA CLARA (AP) - Hewlett-Packard Co. is combining its printing and PC units to save money, according to published reports. The technology blog AllThingsD first reported the restructuring plan Tuesday citing anonymous sources. HP would not comment. The move comes at a time when sales of printers and ink, once HP's lifeblood, are falling amid declining demand and ...
SAN JOSE, Calif. (AP) - Adobe Systems Inc. said Monday that its fiscal first-quarter net income fell 21 percent, weighed by higher operating costs even as revenue climbed. The midpoint of its earnings outlook for the current quarter was slightly below Wall Street's expectations and shares fell after hours. The company known for Photoshop and other design software ...
SANTA CLARA (AP) - Intel, one of the pillars of Silicon Valley, is following its traditions and promoting an insider to the job of CEO. The world's largest chipmaker is tasking Chief Operating Officer Brian Krzanich with steering it through an industry shake-up that is seeing tablets and smartphones overshadow Intel's base in personal computers. <p class="MsoNormal" style="line-height: 18pt; margin: 0in 0in ...