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Short Take: Stock buyback, dividends, new execs at HP

The board of directors of Hewlett-Packard announced the election of a new executive vice president and vice president, authorized the repurchase of $1 billion in HP shares on the open market, and declared a regular quarterly dividend of 12 cents per share on the company's common stock. The new executive vice president is Edward W. (Ned) Barnholt, formerly senior vice president of HP's Test and Measurement Organization. The new vice president is John Scruggs, 55, formerly general manager of HP's Automated Test Group.

The board of directors of Hewlett-Packard announced the election of a new executive vice president and vice president, authorized the repurchase of $1 billion in HP shares on the open market, and declared a regular quarterly dividend of 12 cents per share on the company's common stock. The new executive vice president is Edward W. (Ned) Barnholt, formerly senior vice president of HP's Test and Measurement Organization. The new vice president is John Scruggs, 55, formerly general manager of HP's Automated Test Group.