In a move that was widely expected, Hewlett Packard Co. (NYSE: HPQ) this morning said that it would join its printing and imaging group with its PC group in a single division to be called the Printing and Personal Systems Group. The combined group has revenue of more than $65 billion. The head of HP’s new division is Todd Bradley, who previously ran the PC group.
HP CEO Meg Whitman killed an announced plan by her predecessor to sell the company’s PC group shortly after she took over the company last September. Tying the two groups together undoes the split orchestrated by then-CEO Mark Hurd in 2005. Carly Fiorina had put the two together shortly before she was replaced by Hurd.
HP shares are up about 0.6% at $23.98 shortly before the market opens this morning. The stock’s 52-week range is $21.50-$43.28.
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.