Radar Movers: Facebook Phone Home, Apple iPad 5 Hints

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Hewlett-Packard (NYSE:HPQ) shares edged slightly lower in late afternoon trading. The computer company announced that Ray Lane will step down from his position as HP’s chairman. Director Ralph Whitworth will take over on an interim basis. Two other directors, John Hammergren and G. Kennedy Thompson, will also step down later this year.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

HPQ

Shares of Facebook (NASDAQ:FB) jumped 3 percent on Thursday and continue to climb higher in late afternoon hours. Facebook Home, the social network’s latest attempt to transform its application into a true mobile platform, focuses on inspiring deeper user engagement. The new family of apps debuted Thursday at an event at the company’s headquarters in Menlo Park, California. The feature will be on limited phones with HTC and AT&T (NYSE:T) starting April 12.

FB

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business