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Dell Inc, the world's third-biggest personal computer maker, is in talks to buy data storage company EMC Corp for more than $27 per share, CNBC reported on Thursday.
Hewlett-Packard Co said its board had approved the previously announced split of the company into two separate listed entities - computers and printers, and corporate hardware and services.
Wall Street was mixed about whether or not the Fed will raise interest rates this year because of rising inflation pressure indicated by new data.
More Americans than in a year applied for unemployment benefits, showing uneven labor market progress.
HP reported lower revenue than expected in all its units.
Hewlett-Packard Co. is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal- computing businesses it pioneered.
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.
U.S. stocks fell for a second day and Treasuries rose as Senate Majority Leader Harry Reid said budget talks in Washington have made little progress.
Hewlett-Packard Co. was sued by shareholders over its $8.8 billion writedown that the company said was partly related to falsified finances at Autonomy Corp., the British software maker it bought last year.
The Standard & Poor’s 500 Index fell, after yesterday’s rally, as Hewlett-Packard Co. tumbled and Federal Reserve Chairman Ben S. Bernanke said the central bank’s ability to offset headwinds is “not infinite.”