Shannon Cross News
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Hewlett-Packard Co., the largest personal-computer maker, surged the most in 11 years after its fiscal third-quarter profit forecast topped estimates as cost cuts help make up for slumping desktop and laptop demand.
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Hewlett-Packard Co., the largest personal-computer maker, rose the most in three months after its fiscal third-quarter profit forecast topped estimates as cost cuts help make up for slumping desktop and laptop demand.
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Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and recovering demand for enterprise services.
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Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and a smaller-than-projected drop in service sales.
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Avenue Capital Group and Blackstone Group LP’s GSO Capital Partners LP unit are among investors that own debt in Eastman Kodak Co. and are seeking to profit from a potential sale of its digital-imaging patents, said people with knowledge of the matter.
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Eastman Kodak Co., the 131-year-old camera maker, ended the third quarter with 9.9 percent less cash than three months earlier and said it would use more than anticipated this year as it works to build its digital printing- equipment business.
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Dell Inc. jumped the most since December 2008 on the Nasdaq Stock Market after fourth-quarter profit topped estimates and the company made headway in the market for data centers.
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Hewlett-Packard Co. will combine its personal-computer unit and printer division into a group led by Todd Bradley, who ran the PC business, to help cut expenses amid declining sales and profit.
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Blackstone Group LP and billionaire Carl Icahn are offering to buy Dell Inc. without retaining Michael Dell as chief executive officer, spurring debate over whether the personal-computer maker would be better off without the entrepreneur who founded it three decades ago.
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Eastman Kodak Co. lost a ruling in a two-year legal fight against Apple Inc. and Research In Motion Ltd. over a patent for digital image-preview technology, a decision that may hurt the value of assets Kodak is selling.
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