Oracle, the database technology giant, said on Monday it will acquire Acme Packet in an all-cash deal worth $1.7 billion. The acquisition is expected to close by mid-year. . Read More
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Palo Alto, Calif. - Shares of HP (NYSE: HPQ) fell more than 7% on Monday, three days after Mark Hurd resigned as the company’s chairman, president and CEO following an internal investigation into the possible sexual harassment of a female contractor. Though the investigation found no violation of HP’s sexual harassment policy, the company said that it did uncover violations of its standards of business conduct.
The board has named CFO Cathie Lesjak, a 24-year HP veteran, as interim CEO.
Hurd’s problems reportedly began in June, when the [...].
