c.e.o. mark hurd. the stock had more than doubled during hurd's five years at the company, and now investors are questioning what his unexpected departure will mean for h.p. joining us now with his thoughts on that topic: michael holt, senior analyst at morningstar. michael, welcome. >> thanks for having me. >> so let's start there. what do you think it's going to mean for hp stock, his depar ture. >> well, certainly it spooked investors off the bat. but the bottom line is the fundamentals are strong and solid for the company. and the strategy that herb put in place are still there and will survive his depar ture. >> do you see this as a buying opportunity, the flip that we've seen or the hit that the stock has taken? >> definitely. the short term turmoil will blow over. our fair value estimates remains at $55. this looks like a nice opportunity to get in on a high quality name. >> so what about likely candidates to replace him who have you heard who have do you think will be a good fit? >>

rim co-c.e.o. mike lazaridis says blackberry is the only device approved for government and law enforcement use in many countries. he says the firm has no intention of changing its standards. >> it took us nearly two years to achieve that certification and accreditation. so, by meeting the international standards that 26 countries have signed up to, we are the only solution that meets those criteria. and you know that's important, because those are the standard that we meet. there has to be a standard that we meet and that's certainly one and we will not compromise. >> reporter: rim's blackberry torch goes on sale august 12. right now, google's androids and apple's iphones outsell the blackberries in the smartphone category. scott gurvey, "nightly business report," new york. >> jeff: a late development in tech land tonight, and it involves intel. the federal trade commission says it will detail a settlement with the giant chip-maker tomorrow morning. last december, the agency filed a complaint agai

fritz henderson was c.e.o. at the time. >> from this point on our efforts are dedicated to customers, cars, culture and paying back the taxpayers. >> lehrer: henderson was replaced last december by ed whitacre, who announced today he will step down as c.e.o. come september first. whitacre had made clear his tenure would be brief, and today, he said, "i believe we've accomplished what we set out to do." the new c.e.o.-- the fourth in just over a year-- will be g.m. board member dan ackerson. he's also managing director of the private equity firm the carlyle group. ackerson will oversee efforts to ramp up u.s. sales and production of new lines, including the chevy cruze, due out next month. later this year, g.m. begins selling the chevy volt, an electric car that got a presidential test-drive last month. g.m. hopes the volt will help reinvigorate and recast its image. the government still owns 61% of g.m., but the auto-maker plans to file soon for an initial public offering of stock. that could lead to reducing t

having someone with the title of c.e.o. who goes off to the mountaintop and is gone for six months is a worrisome model. >> tom: critics also say the apple board hasn't said enough about the company after jobs. >> that's a company with a huge risk management problem. they have got their biggest asset is a human being who is in ill health, and how are they handling that? >> tom: apple was contacted in regard to these criticisms, but had no comment. the case of apple shows clearly, just because some think a company board has shown poor management, its actions may not hurt shareholders. tom hudson, "nightly business report," miami. >> jeff: here's what we're watching for tomorrow. quarterly results from hyatt hotels, kraft foods and viacom, along with weekly jobless claims and july chain store sales. speaking of retailers, it's time for back to school shopping. during this busy spending time, we'll take a crash course in what college students are buying and what they're doing without this year. >> suzanne: help is on the way f

., they're interviewed by the c.e.o., they don't really know what their job is. so what should shareholders expect from the board room? how much should the people who sit around a table like this be expected to know about the company they oversee? after all, these companies may be operating in dozens of countries with thousands of employees doing millions, maybe billions, of dollars of business every day. ralph ward publishes the newsletter "boardroom insider." he has watched and studied corporate board behavior for 20 years. >> the board of directors, by definition, isn't going to be involved in the day-to-day issues and really isn't going to be in a position to monitor as closely as a lot of people think they are. ward says the work board members like doing includes mentoring executives and providing insight. but, boards tend to fall short when it comes to monitoring and disclosure-- what he calls the nitty-gritty. jeffrey sonnenfeld from the yale school of management thinks more should be expected of corporate directors. >> there's entirely too much getting al

we'll ask c.e.o. eric spiegel about how siemens plans to make clean energy a dominant power source. >> suzanne: despite high unemployment, consumers are still shopping online. new data out today show e- commerce is a bright spot for the retail sector. internet tracking firm comscore says online sales jumped to nearly $33 billion in the second quarter. that's 9% higher than a year ago. consumer electronics, computers and software remain the most popular items on the net. >> tom: florida's attorney general is suing some of the world's largest makers of l.c.d. screens. those are the flat screens used in high-tech t.v.'s, cell phones and laptops. bill mccollum alleges the defendants, like samsung, sharp, toshiba and hitachi, conspired to boost prices. last week, new york's attorney general filed a similar lawsuit. so far, the manufacturers have not commented on the allegations. >> suzanne: when it comes to boosting the economy with stimulus spending, tonight's commentator thinks uncle sam should do more,

s share price since the company's c.e.o. resigned abruptly three weeks ago. h.p.'s interim c.e.o. says about a third of that buyback will come during the company's fiscal fourth quarter, which ends october 31. investors appeared to like the plan. h.p. shares rose 56 cents, or 1.5%, to $38.56. its threat to ban blackberry >> susie: india is postponing its threat to ban blackberry services for at least 60 days. that's because research in motion, maker of the popular smartphones, agreed to give india access to encrypted data. the country will test that access over the next two months, and decide whether to let the phones be used. reuters is also quoting a senior government official as saying india wants to track similar technology used by google and skype. >> welcome back to nightly business report. >> thank you for having. >> me. >> five years post katrina, how would you describe the economy today? >> it's better than we thought it'd be five years ago. the economy is good. we have short-term positives, money coming in from fema and insurance companies and all that. i think the storm

board last year and is now supervising the c.e.o. search. yes, i know the guy running the search committee isn't supposed to get it, but there is talk, and stranger things have happened. the firing of marc hurd shook investor confidence and cost h.p. dearly in terms of share price. so, after having problems with its last two c.e.o. choices, h.p.'s board finds itself is under a microscope with this search. scott gurvey, "nightly business report," new york. >> tom: ford is accelerating plans to pay off its heavy debt. chairman bill ford says $27 billion will be gone a.s.a.p. ford says getting rid of that debt is a priority to get its bonds back to investment grade, and so far things are ahead of schedule. rival general motors is facing just $8 billion of debt, after bankruptcy last year. ford doesn't view g.m.'s planned i.p.o. as a threat to his firm's stock. he says performance is the key to both automakers' success. >> susie: the tribune company's plan to exit bankruptcy has fallen apart. the media conglomerate told the bankruptcy judge toda

now google c.e.o. eric schmidt has become to tory's for his statements as of late you know things like claiming that google should be trusted over any government to have your personal information or then again there was this one. if you have something that you don't want anyone to know maybe you shouldn't be doing it in the first place but if you really need that kind of privacy the reality is that search engines including google do retain this information for some time. that's right according to him you should just assume that every little thing you do is going to be tracked so just help yourself out and don't be an idiot but now comes the statement the really takes the cake eric schmidt is now suggesting that in the future young people should be entitled to change their identities an order to escape their midst . which was posted all over the internet yet in order to deal with today's technological age you should just change your name once you grow up it's not really what this world has come to that

cathie lesjack will step in as interim c.e.o. and h.p. released preliminary third quarter results, and jeff will have more on that in tonight's "market focus." meanwhile, there is a job opening at the white house. the president's top economic advisory is leaving to focus on her family. cyschristina nomar says she plans to return to teaching economics at the university california, berkeley. and she says he wants her 14-year-old son to spend his high school days in one place. >> jeff: late today the white house says the president will renominate peter diamond to the federal reserve board. the senate sent diamond's original nomination back to the white house. >> susie: as you said, jeff, it was a volatile day in the stock market, and also a lot of action in the bond market. >> jeff: that's true. all eyes are beginning to turn to the fed and see what their next move is. we'll show you some results of that as we take a look at tonight's "market focus." the prospect of more easing by the federal reserve helped soften the blow of this morning's

c.e.o. to resign. >> alan: yesterdayy fisher is a former marketing -- this is video from fisher's acting clip reel we found on youtube from her brief stint on "age of love." she appeared in a number of steamy low-budget films. h.p. c.e.o. mark hurt was forced to resign on friday after fisher's sexual harassment claims were made public. both hurt and fisher said they never had an affair. they reached a private settlement but neither has addressed the specifics of the harassment claim. in a statement released through allred, fisher said she was surprised and saddened that mark hurd lost this job, saying, quote, it was never my intention. >> carolyn: we're learning more about the ten christian aid workers who were lined up and shot to death by the taliban last week in afghanistan. they were returning home after delivering tooghtsz brushes and eye glasses to a remote afghan village. the first of the victims was remembered today in new york. >> we're traumatized by these events. we're going throu

. >> reporter: the person brought in to messenger a turnaround, c.e.o. ed whitacre, told a media conference call his work here is done. >> reporter: on september 1, whitacre turns the reigns over to g.m. board member dan akerson, a wall street veteran are no auto industry experience. akerson has been preparing g.m. for a stock sale called an i.p.o., which will help pay back taxpayers for their investment in the company. even so, today's management shuffle took many by surprise. >> it's just a little disconcerting at this particular moment because we would have expected whitacre to stay through the end of the i.p.o. process. >> reporter: on the road ahead, g.m. needs to convince investors that its weakest days are in the rearview mirror. the auto maker lost $88 billion in the five years before it filed for bankruptcy last summer. even with its $1.3 billion quarter, g.m. still trails rival ford, which earned $2.6 billion during the same time. in its restructuring, g.m. cut four of its eight core brands and shed 13,000 jobs, but they eliminated all its debt

c.e.o.'s are less thrilled about the democrat-driven imposition of more regulation and the promise of higher taxes. the irony is that the globalization of american business is surely a good thing- - imagine how much worse things would be if us companies hadn't figured out how to play and win on the world stage. but the equally important truth is that the twin revolutions of globalization and technological change are disproportionately benefiting the global super- class and the middle class in emerging markets like china and india-- while leaving much of america behind. america's business leaders need to figure out how to help america's middle class join the global economic party, or face a populist backlash which will make barack obama look like milton friedman. i'm chrystia freeland. >> susie: and finally, usually we report the news-- tonight we're making some. our program, "nightly business report," has a new owner! we've been bought by a company called n.b.r. worldwide, giving us a bigger

s c.e.o. at the end of the month, and will keep the chairman's job until year's end. board member daniel akerson will take over as chief executive september first. but, reuters says that change could push back g.m.'s i.p.o. filing for a few days, since new management would have to be noted in the paperwork. akerson is the managing director at the private equity firm, the carlyle group, and doesn't have a manufacturing background. he'll be g.m.'s fourth chief executive in less than two years. auto analyst rebecca lindland says the management change shows the company is focused on its finances. >> they feel like they have good people in place that are running the rest of the company, and that have manufacturing and automotive experience, and they've got to get somebody that has an even broader range of experience with wall street doing these kinds of deals, maybe even executing the i.p.o., just really somebody that's very, very comfortable with these kind of financial decisions that need to be made. >> suzanne: the news came as general motors posted a billion- dollar se

the former world wrestling entertainment c.e.o.as pledged to spend up to $50 million of her own money on her campaign making her the fourth biggest self-funder in congressional history. while self-funded candidates have the financial freedom to rely on their own bank accounts rather than donations, they typically lose at the polls. some critics say the excessive spending can offend voters, especially during a recession. so congress woman edwards is there a difference between women who self-fund? are they seen differently by voters than men who self-fund? >> i don't know. i think it is less a double standard. we are trying to figure out what the rules r i think at the end of the day they could meet the same fate because voters get offended when you spend a lost your own money. >> i think you are right that it's risky for candidates because it puts them in stark relief how different they are from wealthy members of the voting public. >> yeah. even though it is not a double standard. i agree one thing is true that women don't get the

one is executive compensation but the other is professional compensation and that's what allows the c.e.o. crooks in the financial industry to suborn all of these entities that are supposed to be independent that are supposed to be controls and turn them into the most valuable allies of the underlying accounting fraud which is designed to maximize c.e.o. and c.f.o. bonuses and this is why i say american business schools all too often have become prog factories ok all what you're describing there can also be used to describe how a mafia family works they co-opt other people in the society to do their bidding for them and you have a mafia style heart hierarchy but during the one nine hundred eighty s. of course you only giuliani one after drexel using rico rackets anti racketeering laws if i remember correctly now isn't why can't they bring that back this is obviously racketeering why if they've big why they pussyfooting why don't they go after the racket as a whole the fundamental reason is that the f.b.i. and the justice department can only big successful if the regulators serve as the sh

stateless young girls coming young woman coming as executives probably that one day you'll see top c.e.o.'s their women well women turned out to be not only very good borrowers are not very good good measures this or that also but also a very very good clients for your bank because as far as i know like ninety nine percent even more of the loans you give get paid back why also because a woman. said that a payment is something to do with women the payment is good with the men too we have no problem with the man it's impact which made us differentiate men and women because it's impacting the family it's much greater if you're a woman it's an income on a woman as the borrower so we focused on women because our aim is to see how the family gets out of the problem they have and that is done much efficiently if the woman is in charge so we took the woman as the representative of the family she is the borrowing she can borrow for house husband too so it's not that man doesn't get the money he gets the money but he gets it through his wife so this is how we expanded the program you told us. berg

the c.e.o. love the state of georgia on their promotional materials so she had become what he had to this particular system which i think kind of is a conflict of interest. but also elections were still if you were right do you think the election was stolen absolute issues that so much i was about to feel and i feel like you have to really be right with the big bang experiments conducted by the large hadron collider is seen by many as a scientific breakthrough other sci. fi . for. in some. grand hotel in ruled. out of the club school its. photo in the big old hotel. is a. good twenty two look you. know so it's. fires continue to rage across dozens of thousands of people full cities struggling to breathe through toxic small. south said he remembers the hundreds killed in the war with georgia two years after tbilisi shelled the republic leaving its capital all but razed to the ground. also japan mark sixty five years since an atomic bomb was dropped on hiroshima for the first time since the deadly

and the c.e.o. love the state of georgia on their promotional materials so she had become what he had to this particular system which i think kind of there's a conflict of interest. but also elections were still a factor were you do you think the election was the absolute. closure is that so much about the taxpayers' money lending it is it's nice to be putting people at area the wages of the global economy is far from out of crisis but that cannot be said about gambling it's a growth industry and it's. coming into the future. just received. from the cinema and landed in your living. spaces but this is the streets your stereo display a life filled glass is no problem putting the three d. on to the update year on. leave the center. lenses but. for the other good. i left. hundreds of toxic barrels previously washed into chinese river. towards russia reports of police. are on high alert. living in israel speak out against new rules which they claim discriminates against jews and human rights activists s