Consumer Biz Review: GM Recruits Thousands From HP, Coke Okays New Buyback Plan
General Motors Company (NYSE:GM) will recruit 3,000 workers from Hewlett-Packard Company (NYSE:HPQ) as part of its plan to bring tech operations in-house and reinforce its team of software developers. The new workers already work on projects for GM, but this will make their situations official.
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R.R. Donnelley & Sons (NASDAQ:RRD) admits to mistakenly releasing Google’s (NASDAQ:GOOG) earnings prior to lunchtime in California and says that a full investigation is now ongoing in earnest. However, this sort of service the firm provides to Google is really an extremely minor portion of its overall endeavors, which has given some traders second thoughts and is leading them to call the more than $60 million that’s been chopped out of the stock’s market cap perhaps an overreaction.
The Coca-Cola Company (NYSE:KO) has okayed a new 500 million share buyback program which will begin as soon as its current plan is concluded. The firm says that its guidance of between $2.5 billion and $3 billion in repurchases for 2012 remains intact.
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