My Blog My WordPress Blog

SAN JOSE, Calif. – A shareholder lawsuit over Hewlett-Packard Co.’s (HPQ) ill-fated boardroom spying probe added claims of insider trading on Wednesday, alleging that executives sold millions of dollars in stock just before the scandal broke. The lawsuit, filed in Santa Clara County Superior Court on behalf of all HP …

WASHINGTON – President Bush tapped Florida Sen. Mel Martinez, a prominent Hispanic who previously served in the Cabinet, to assume the high-profile post of Republican National Committee general chairman. “He’s going to be an excellent spokesman for the Republican Party,” Bush said Tuesday. Martinez, 60, will remain in the Senate …

VEVEY, Switzerland – Nestle SA, the world’s largest foodmaker, may buy baby-food company Gerber Products from Swiss drugmaker Novartis AG (NVS) for as much as $5 billion, according to a published report. Novartis is already in negotiations to sell Nestle a medical-nutrition business and Nestle executives are interested in trying …