Reuters alone with news HP looks to exit outsourcing business

Shares of Hewlett-Packard rose more than 1.5 percent on Aug. 18 after Reuters sent out exclusive headlines saying that the technology services giant is considering selling or shutting down parts of its outsourcing business. The headlines were quickly followed by a Dealtalk column that explained how HP executives are mulling the possibility of divesting low-margin business process outsourcing (BPO) operation in India. Fox Business Network immediately flashed the Reuters headlines, and Dow Jones picked them up. The story got wide play on Indian television stations and was picked up by many blogs and news sites, including Barron’s.