STOCKS NEWS US-HP tempers revenue outlook, to cut jobs

Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]
0657 ET 20May2009-HP tempers revenue outlook, to cut jobs
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Dow component Hewlett-Packard (HPQ.N) late Tuesday gave a
disappointing full-year revenue outlook and said it would be
cutting 2 percent of its work force. The job cuts amount to
about 6,400 jobs.

The news came as customers and businesses cut their
spending on technology because of the recession.

For details, see [ID:nN19414562]

Shares of Hewlett-Packard fell 4 percent to $35.10 in
premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0654 ET 20May2009-Economic indicators for May 20
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Economic indicators on tap for Wednesday include weekly MBA
purchase data
and weekly refinancing figures.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0650 ET 20May2009-Earnings diary for May 20
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Companies scheduled to report quarterly results on
Wednesday include:
Limited Brands (LTD.N), Target Corp (TGT.N), Deere & Co (DE.N),
Intuit
(INTU.O), Computer Sciences Corp (CSC.N) and NetApp Inc
(NTAP.O), among
others.

For details, see [RESF/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net