H.P. Shares Fall as Chief Sees Trouble
SAN FRANCISCO — Meg Whitman, Hewlett-Packard’s chief executive, beat up her company on Wednesday.Ms. Whitman told a meeting of Wall Street analysts that they should expect sharply lower revenue and profits. She also told them not to expect the company to fully right itself before 2016. “We have much more work to do,” she said.
European Stocks Fluctuate as Investors Await ECB Meeting
European stocks fluctuated between gains and losses as investors awaited a policy meeting by the euro area’s central bank, amid speculation on the timing of a Spanish bailout. U.S. index futures and Asian shares climbed.Halfords Group Plc (HFD) surged the most ever after saying earnings will be in the upper half of its previous forecast. Nobel Biocare Holding AG (NOBN) slid 6.8 percent as the world’s second- biggest maker of dental implants said full-year profit will be affected by a deteriorating Japanese market.