HP News

HP Must Face Shareholder Lawsuit Over Sales, Appeals Court Rules

A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc. defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016. The 9th U.S. Circuit Court of Appeals reversed a judge’s …

HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit

Hewlett Packard Enterprise Co. agreed to pay $8.5 million to resolve a lawsuit that alleged it pays female employees less than their male counterparts. The settlement funds, minus attorney fees and expenses, will go to 1,735 women who worked in …

Activist Group Says U.S. Insurers Trying to Weaken Climate-Related Regulations

A number of businesses within the U.S. insurance sector are trying to weaken or delay emerging climate-related insurance regulation at federal and state levels, according to climate think tank InfluenceMap. Research from the group released on Thursday reportedly shows that …

50 Big Corporations Pushing Congress for Clean Energy Tax

As Congress is poised to return from a break, nearly 50 major reporting at least $200 million in annual revenue urged lawmakers to pass an economic package with massive investments into clean energy projects. A letter from businesses including Adobe, …

HP Loses Battle with IRS Over Tax Shelter Designed by AIG

Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. The ruling turns a …

Investor’s Lawsuit Claims HP Executives Misled

Hewlett-Packard Co. and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week. Shareholder Richard …