HP Plans to Start Cloud Service, App Stores; Raises Dividend

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Hewlett-Packard Co. plans to introduce a cloud-computing service and will increase its quarterly dividend, early efforts by Chief Executive Officer Leo Apotheker to boost sales and reverse a share-price decline.

HP will also put its WebOS mobile-operating system onto a broader range of devices for consumers and businesses, in a bid to make the company’s various products work better together, Apotheker said today at an event in San Francisco.