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HP job cuts loom for Australian employees

A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.

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AT&T raises spending plan for U-verse

IT Industry - Market

NEW YORK (Reuters) - AT&T Inc. said on Monday it had raised its spending plan for its new Internet and video service, called U-verse, by up to $1.4 billion, although it scaled back its end-2008 target for the roll-out.

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