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Business News Archive - July 19, 2005

Jul. 19--Struggling Hewlett-Packard Co. announced another round of major layoffs early Tuesday, saying it will cut 10 percent of its work force in order to streamline operations and cut costs.

Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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