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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

HP closes $13.9 billion purchase of EDS

NEW YORK
Tue Aug 26, 2008 8:17am EDT

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An employee walks past a Hewlett-Packard logo during the second day of the International Telecommunication Union (ITU) Telecom World 2006 in Hong Kong December 5, 2006. REUTERS/Paul Yeung

NEW YORK (Reuters) - Hewlett-Packard (HPQ.N), the computer and printer maker, said on Tuesday it closed the $13.9 billion purchase of Electronic Data Systems Corp., a deal that HP hopes will help it better compete with IBM (IBM.N).

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The company said it would further discuss its plans for EDS during a meeting with analysts on September 15.

(Reporting by Paul Thomasch; Editing by Steve Orlofsky)



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