- Associated Press - Monday, August 30, 2010

HP OKS BUYBACK: Hewlett-Packard Co.’s board has authorized the repurchase of $10 billion in shares.

CASH PILE: HP still had $4.9 billion left under its current $8 billion repurchase plan at the end of July. The company also had $14.7 billion in cash and short-term investments

IT’S STILL ON: HP remains in a contest with rival Dell Inc. for the data storage company 3Par Inc. Its last offer was $30 a share, or $1.88 billion.

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