Ford to announce massive restructuring initiative
Ford Motor Co is expected to announce on Wednesday a massive corporate restructuring resulting that will lead to cutting jobs and benefits according to a report in a leading business journal. The moves will be announced at Ford's board of directors meetings, will also include a new pricing strategy.

Ford has already announced plans to cut 30,000 factory jobs and close 14 plants by 2012.
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HP chairman may step down
San Francisco: Hewlett Packard Chairman Patricia Dunn has said she has agreed to step down, in a board shake-up aimed at defusing a deepening scandal over the company's probing of media leaks. California Attorney General Bill Lockyer has said he has enough evidence to indict people at Hewlett-Packard Co. after an investigation into whether the computer maker had illegally obtained the private phone records of directors and reporters.

Lockyer did not say if indictments would be issued or to whom, in the interview broadcast on Tuesday. A spokesman for his office said the investigation is ongoing. HP could not be reached for immediate comment.

HP's problems began last week, when it said its board had commissioned outside investigators to root out the source of media leaks dating back to 2005. It said the investigators had used false identities to obtain telephone records of directors and nine journalists.
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