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Hewlett-Packard Authorizes $10 Billion in New Stock Buyback

Hewlett-Packard Co., the world’s largest computer maker, plans to buy back $10 billion of its stock, part of an effort to buoy its languishing shares.

The plan comes in addition to the an earlier buyback plan announced last year, Palo Alto, California-based Hewlett-Packard said today in a regulatory filing.