HP (HPQ) and Microsoft Corp. (MSFT) announced a three-year agreement to invest $250 million to significantly simplify technology environments for businesses of all sizes.
The companies plan to deliver new solutions that will, be built on a next-generation infrastructure-to-application model, advance cloud computing by speeding application implementation and eliminate complexities of IT management and automate existing manual processes to lower the overall costs.
With this strategic partnership, HP and Microsoft will collaborate on an engineering roadmap for data management machines; converged, prepackaged application solutions; comprehensive virtualization offerings; and integrated management tools.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.