Hurd resigned from HP when the scandal first came to light in 2010 and joined Oracle(ORCL) as president.
Shares of HP rose 0.6% to close Friday at $25.76.
Shares of Oracle fell 0.6% to close at $25.65.
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Chinese e-commerce giant Alibaba, long speculated to be considering a bid for Yahoo!(YHOO), has hired a U.S.-based lobbying firm, according to reports. The move may signal that Alibaba is becoming more serious about buying back Yahoo,[url=http://www.uggbootsclearancemalls.com/]UGG Clearance[/url]!'s 40% stake in the company or pursuing a takeover bid.
Alibaba may need lobbying help because an offshore bid for an online U.S. property like Yahoo! may hit political roadblocks due to consumer data and national security concerns.
Alibaba CEO Jack Ma has also publicly voiced his desire to buy all of Yahoo,[url=http://www.uggbootsclearancemalls.com/]UGG Clearance[/url]!, though he's not interested in running the company.
Shares of Yahoo! closed flat Friday at $16.13.
Verizon(VZ) on Thursday announced it would be charging customers a $2 fee to pay their individual bills online or over the telephone. The move sparked a flood of angry customers who took to social media outlets to voice their displeasure, causing Verizon to reverse the decision.
"At Verizon, we take great care to listen to our customers,[url=http://www.uggbootsclearancemalls.com/]UGG Clearance[/url]," said Dan Mead, president and chief executive officer of Verizon Wireless, in a statement. "Based on their input, we believe the best path forward is to encourage customers to take advantage of the best and most efficient options,[url=http://www.uggbootsclearancemalls.com/]UGG Clearance[/url], eliminating the need to institute the fee at this time."
Shares of Verizon rose 0.1% to close Friday at $40.09.
Groupon(GRPN) is facing more woes after a letter written by the Securities and Exchange Commission to Groupon CEO Andrew Mason was made public.
According to the letter, which was written before the daily deal company's October IPO, the SEC had many questions for Groupon, including why execs had spoken publicly during the company's so-called quiet period, as well as requests for clarification of its business model.
Shares of Groupon closed Friday down 3.5% at $20.63.
Google's(GOOG) social network, Google+, reached a new milestone this week when it crossed the 60 million user mark.
NEW YORK (TheStreet) -- This week a letter emerged accusing former HP(HPQ) CEO Mark Hurd of sexual harassment. The letter alleged that the married Hurd made unwanted sexual advances toward a former contractor named Jodie Fisher,[url=http://www.uggbootsclearancemalls.com/]UGG Clearance[/url], bragged about his finances and claimed he was desired by many women including singer Sheryl Crow. Former HP CEO Mark Hurd
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