Archive for May, 2016

HP Enterprise Sheds Business Services Division In Streamlining

HP Enterprise (NYSE:HPE) has announced that it is selling off its technology-services division to competitor Computer Sciences Corp. (NYSE:CSC) The transaction will consist of a tax-free spinoff of the HP Enterprise unit and merger with CSC. The new company, whose name will be announced later, will be led by CSC Chief Executive Officer Mike Lawrie. […]

Wal-Mart Reports Impressive First Quarter Results

Wal-Mart Stores (NYSE:WMT) reported that sales at existing stores in the U.S. rose more than expected during its first quarter, leading to a higher-than-expected quarterly profit and revenue. U.S. same-store sales were up 1 percent in the quarter, beating analysts’ estimates of a 0.5 percent increase. This was the seventh quarter in a row that […]