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Thursday, August 9, 2012

HP plans services and restructuring charges

The struggling high-tech company will take an $8-billion write-down over the purchase of Electronic Data Systems and a $1.5-billion charge related to layoffs.

Meg Whitman, looking to get struggling Hewlett-Packard Co. back on track, continued to chip away at the technology giant's problems with a new round of financial moves designed to clean up its balance sheet.


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