In her first major announcement since taking over the role as CEO for Hewlett-Packard, Meg Whitman announced that Hewlett-Packard (HPQ) has indeed decided to continue its PC business, following months of speculation that it would decide to spin-off the business. The idea to spinoff the PC division was first proposed in August by former CEO Leo Apotheker as part of a sweeping overhaul he was trying to do to the company. This ...

Shares of tech giant Netflix (NFLX) are tumbling in premarket trading this morning after the company reported last night that it lost a massive 800,000 subscribers last period, due to price changes and a decision to split its streaming and DVD rental business. Netflix reported its third quarter results last night, which were actually above analyst estimates, but shares are tradign down over 35% in premarket trading as investors react to ...

Before this afternoon, Apple Inc (AAPL) had reported better than expected earnings for 29 straight quarters, but it was unable to continue that trend when it reported a weaker than expected fourth quarter earnings report, sending shares sharply lower in after hours trading. Going into this afternoon's earnings report, Apple was expected to report earnings of $7.38 per share, but actual earnings came in well below what analysts were expecting to ...

Shares of the world's largest internet search engine Google (GOOG) reported better than expected third quarter earnings this afternoon and revenues just shy of $10 billion, sending the stock up as much as 7% in after hours trading. Going into this afternoon's earnings report, analysts had been expecting to see Google report third quarter earnings of $8.74 per share, but actual earnings came in well above estimates at $9.72 a share. Revenues ...

Aluminum maker Alcoa (AA) kicked off the earnings season this afternoon, posting disappointing third quarter results. Going into this afternoon's earnings report, analysts had been expecting to see Alcoa post earnings of $0.22 per share, but were disappointed to see earnings come in under expectations at $0.15 per share. Despite missing its earnings estimate, the company was able to post better than expected revenues for the quarter of $6.4 billion, above the ...