Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectations. Shares fell.
The owners of Philadelphia's two major newspapers have threatened to liquidate or sell the company's assets if they can't get new labor contracts by Friday, according to the union representing journalists.
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