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Margaret Whitman, the new CEO of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, decided to swing her ax Wednesday as the company reported dreadful second-quarter results.

Oracle Corp. (Nasdaq: ORCL), the No. 1 database company, said it would acquire private cloud media marketer Vitrue for an undisclosed sum a day after German rival SAP (NYSE: SA), Europe's No. 1 software company, offered to acquire e-commerce specialist Ariba Inc. (Nasdaq: ARBA) for $4.3 billion.

Ifeadi called the Chinese scavengers who were taking jobs that should be the exclusive preserve of Nigerian people.

Macy's Inc. (NYSE: M), the owner of its namesake and Bloomingdale's department stores, said Wednesday it will start selling some of the department store chain's private label merchandise directly to consumers in China next spring through a deal with a Chinese online retailer.

European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.

Ford Motor Company (NYSE: F) shares climbed almost 2 percent in mid-day trading Wednesday, a day after Moody's Investors Service upgraded the Dearborn, Mich.-based automaker's credit rating to investment grade.

Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.

iPhone 5 rumors are heating up if Apple hopes to release the smartphone between June and October. The latest report comes from 9 to 5 Mac, which says it has independently heard that Apple is testing multiple versions of its sixth-generation iPhone, but the displays are not only bigger, but sharper, too.

Best Buy Co. Inc. (NYSE: BBY) reported a 26 percent drop in its fiscal first-quarter profit due largely to higher restructuring costs compared to last year, but the earnings topped Wall Street's expectations.

Futures on major U.S. stock indices point to a slightly lower opening Tuesday ahead of existing home sales data that are expected to show a rise in April sales.

Nintendo?s Wii U console is set for a release date this holiday season, and fans are gearing up for the next generation gaming system?s launch. The latest tidbit to surface indicates that the Nintendo Wii U?s controllers will contain analog sticks, according to photos that leaked in a NeoGaf forum.

Nasdaq OMX Group Inc. (Nasdaq: NDAQ) will change its initial public offering trading procedures as a result of glitches and delays which occurred during Friday's Facebook (Nasdaq: FB) IPO, mistakes for which the exchange operator hopes to pay $13 million to burned investors, sources reported Monday.

Facebook's stock tumbled down past its offering price in morning trading on Monday, May 21, and stayed below that level, following a less than stellar debut. Wall Street insiders are attacking the much-hyped social network stock saying that they essentially scared away investors.

Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.

Shareholders of Facebook (Nasdaq: FB), the No. 1 social network, are set to get the shares Tuesday, following Friday?s tumultuous first sales after the $16 billion initial public offering.

Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's, Pandora, and Tiffany.

Investors who want Facebook shares when the social network goes public may have lost the opportunity. Some brokers have stopped accepting orders.

J.C. Penney Co Inc shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales and by scrapping its dividend.

According to sources from within Apple's foreign supply chains in Hong Kong, Apple has ordered bigger screens for its next iPhone, presumably called the iPhone 5, even though no exact measurement was provided. Production on the iPhone 5 is said to begin next month, while the release date has been scheduled for sometime in the fall, likely around October.

?Halo 4? is slated for a release date of Nov. 6th, and multiplayer information is beginning to emerge. Known collectively as ?Infinity Multiplayer,? the game will introduce a brand new mode called ?Spartan Ops.? This will act as an episode-based continuation the ?Halo 4? campaign mode, and tells the story of the UNSC Infinity.

A new blend of ethanol in gasoline could likely cause billions in damages to millions of engines across the country said a final report released by the Coordinating Research Council on Wednesday.