On Wednesday, Shares of Hewlett-Packard Company (NYSE:HPQ), lost -0.75% to $29.10, hitting its lowest level.
As Hewlett-Packard Company prepares to separate into two industry-leading companies on November 1, 2015, the company introduced the predictable members of the boards of directors for both Hewlett Packard Enterprise and HP Inc. Each board will comprise members of the current HP board, in addition to several new directors chosen after a comprehensive review of personal and professional qualifications as they relate to the specific needs of the two new companies.
Upon completion of the separation, Hewlett Packard Enterprise will provide the technology solutions customers need to optimize their traditional IT, while assisting them build a secure, cloud-enabled, mobile-ready infrastructure that is uniquely suited to their needs. Hewlett Packard Enterprise will be led by current HP chief executive officer Meg Whitman. HP Inc. will be a leading personal systems and printing company with a strong innovation pipeline across areas such as 3D printing and new computing experiences. HP Inc. will be led Dion Weisler, who presently runs the Printing and Personal Systems Group at HP.
The new board for each company will go into effect upon completion of the separation.
In addition, current Board member James Skinner has declared that he has resigned from the Board, effective upon completion of the separation, due to the raised workload of his new role as Executive Chairman of Walgreens Boots Alliance Inc.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.
Shares of Office Depot, Inc. (NASDAQ:ODP), inclined 0.13% to $7.55, during its last trading session.
Office Depot a leading global provider of office products, services and solutions and parent company of Office Depot and OfficeMax, has the school supplies students, parents and teachers need to ‘Gear Up for School’ this back-to-school season. A recent online survey commissioned by Office Depot found that the majority of college students and their parents (94%) agree that the right school supplies set students up for a successful school year and can give them a boost of confidence, a sense of accomplishment, and even feelings of excitement.
College students and their parents recognize the importance of preparing for the forthcoming year with new back-to-school supplies. Before the school year starts, the majority of students and parents do their homework to find gear that meets their needs and fits their personalities. According to a new back-to-school survey conducted by Office Depot, 98% of students and 97% of parents make a list, price compare or seek advice before back-to-school shopping.
An overwhelming number of students (75%) say that the right school supplies make them feel confident, accomplished and excited – providing that new gear feeling. With so many sentiments tied to their gear, 55% of students understandably feel annoyed when a peer borrows their favorite school supplies. Therefore, every student should buy his or her own gear.
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
Finally, Canadian National Railway Company (NYSE:CNI), ended its last trade with 0.31% gain, and closed at $61.88.
Canadian National Railway Company employees Claude Mongeau , president and chief executive officer, advises that he will soon need to undergo surgery to remove a rare type of precancerous soft-tissue tumour located in the upper left part of his larynx. The medical treatment plan will call for a surgery towards the end of August or early in September, an predictable month or so to heal properly, followed by around six weeks of targeted radiation therapy to completely cure the illness so the tumour does not recur in the future.
While Mr. Mongeau intends to remain engaged with CN’s business as president and CEO, Luc Jobin , executive vice-president and chief financial officer, will coordinate the CN leadership team and take direction from the company’s board of directors until Mr. Mongeau can return to work later this fall.
Canadian National Railway Company, together with its auxiliaries, engages in rail and related transportation business in North America. It offers transportation services that comprise rail, intermodal container, and trucking services; and supply chain solutions, counting warehousing and distribution, cargoflo, logistics parks, freight forwarding, customs brokerage service, industrial development, and marine services.
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