HP (NYSE: HPQ) announced that it would invest $1 billion in the next generation of its Enterprise Services business. HP will invest in fully automated, standardized, state-of-the-art commercial data centers built on its Converged Infrastructure and operated by HP's industry-leading management software. As a result of productivity gains and automation, HP expects to eliminate roughly 9,000 positions over a multiyear period to reinvest for further growth and to increase shareholder value.
To fund this investment, HP will take a charge of approximately $1 billion over a multiyear period that will be included in its GAAP financial results. Once completed, this transformation is expected to generate annualized gross savings of approximately $1 billion and net savings after reinvestment in a range between $500 million and $700 million.
Hewlett-Packard Company offers various products, technologies, software, solutions, and services worldwide.
CME Group Inc. (Nasdaq: CME) declared a second-quarter dividend of $1.15 per share, payable June 25, 2010, to shareholders of record June 10, 2010.
CME Group Inc. operates the CME, CBOT, NYMEX, and COMEX self-regulatory exchanges.
The Board of Directors of Ecolab Inc. (NYSE: ECL) declared a regular quarterly cash dividend of $0.155 per common share, to be paid July 15, 2010, to shareholders of record at the close of business on June 15, 2010. Ecolab has paid cash dividends on its common stock for 73 consecutive years.
With sales of $6 billion and more than 26,000 associates, Ecolab (NYSE: ECL) is the global leader in cleaning, sanitizing, food safety and infection prevention products and services.
Quest Diagnostics Incorporated (NYSE: DGX) Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on July 20, 2010, to shareholders of record of Quest Diagnostics common stock on July 6, 2010.
Quest Diagnostics is the world's leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions.
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