Small-business bill survives Senate vote

Small-business bill survives Senate vote

WASHINGTON

Legislation making it easier for small businesses to raise money survived a test vote in the Senate on Wednesday, increasing the chances it could emerge as one of the few bipartisan bills to pass Congress during this election year.

The procedural vote was to cut off debate and move the measure toward passage. Only a day earlier, the legislation that had passed the House two weeks ago by an overwhelming margin appeared in danger of dying.

Senate Democrats met late Tuesday to discuss how to proceed after Republicans succeeded in blocking Democratic amendments that would have increased protections for those investing in small businesses and startups and extended the life of the Export-Import Bank.

The 76-22 vote to move forward sets up a vote on final passage planned for today after the Senate votes on two amendments addressing aspects of investor protection. Approval of those proposals would send the bill back to the House.

HP combines PC and printer units

NEW YORK

Hewlett-Packard Co. is combining its printer and PC divisions as it tries to overcome dragging profits, growing competition and the absence of a focused identity.

The move announced Wednesday will help the company streamline its business and save money to invest in growing areas. HP also is hoping its restructuring will boost innovation.

The change comes as sales of printers and ink, once HP’s lifeblood, are falling because people are sharing more documents and photos online instead of printing them.

Associated Press