gave up

gave up

HP Boosts Job Cuts; Stocks Forge Ahead

4mo ago
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<a href="http://on.aol.com/video/hp-boosts-job-cuts--stocks-forge-ahead-518242366"> </a> Somebody jumped the gun at Hewlett-Packard. The tech company announced in-line profits and softer-than-predicted revenues about an hour before it was supposed to. HP will lay-off more people than it earlier projected, now boosting job cuts to up to 50,000. The stock immediately gave up gains to finish down by more than two percent. As for the rest of Wall Street, stocks edged higher but this was not a day for the record books, with the S&P 500 finishing just shy of a lifetime closing high.