Ford Motor Company
The automaker said it would cut its stake in Mazda Motor to roughly 13% from 33% for $540M.
Hewlett-Packard Co.
The technology giant said it expects to post a fiscal fourth-quarter profit of 84 cents a share, with adjusted earnings of $1.03 a share. The latter figure tops the analysts' consensus target of $1 a share. "HP ... continues to benefit from its global reach, diverse customer base, broad portfolio and numerous cost initiatives," said CEO Mark Hurd.
Pepsi Bottling Group Inc
The soft drink bottling company will begin a multi-year restructuring that is expected to save $150M to $160M a year before taxes. About 750 jobs in the U.S. and Canada will be affected along with 200 jobs in Europe; the company also warned on profits.
Yahoo! Inc
Jerry Yang is stepping down as chief executive, the company said late Monday. The company said a search for a new CEO is being led by its chairman, Roy Bostock, and the executive recruitment firm Heidrick & Struggles.