Hewlett-Packard combining printing, PC divisions

Hewlett-Packard Co. says it will combine its printing and PC divisions to save money, part of the technology company's effort to turn around its business.

The move comes at a time when sales of printers and ink, once HP's lifeblood, are falling amid declining demand and growing competition. HP is the world's No. 1 maker of personal computers. But PC sales are hurting, too, as people turn their attention to tablets and smartphones.