Business

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Title: Business

Essay Details:

Subject: Business

Author: Charles H

Date: January 24, 2016

Level: University

Grade: A

Length: 2 / 382

Essay text:

Before the acquisition, HP had 178,000 workers and EDS had 142,000, a total of 320,000. Palo Alto, Calif.-based HP bought EDS for $13.9-billion (U.S.) in a bid to challenge International Business Machines Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure. HP expects to save $1.8-billion per year from the cuts once the restructuring is complete. The company will incur a $1.7-billion charge in the current quarter, its fiscal fourth quarter, for a goodwill adjustment and other costs connected to the restructuring. HP shares were up 18 cents at $45...

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