Morning Money Memo …

Hewlett-Packard confirms it is separating its personal computer and printing business from data storage, servers and software. The aim is to boost productivity.

Early on, investors were applauding, pushing up HP's share price by more than 6 percent early today.

The company has laid off tens of thousands of employees in recent years because of sagging sales as customers turn to mobile devices. The shift has cut demand for HP's desktop and laptop computers, as well as its printers.

The PC and printer business will use the name HP Inc.

The services business will take the name Hewlett-Packard Enterprise and it will be led the current CEO Meg Whitman.

HP PC and printer chief Dion Weisler will be CEO of HP Inc.

HP's decision came as several other technology firms either break in two or spin-off parts of their business. Last week, eBay said it planned to make PayPal a stand-alone business.

In 2013, HP lost its place as the largest PC maker as China's Lenovo gained market share.

Wal-Mart Enters Insurance Arena

Wal-Mart is taking one-stop shopping to another area: health insurance.

The world's largest retailer plans to work with DirectHealth.com, a health insurance comparison site and agency, to allow shoppers to compare coverage options and enroll in Medicare plans or the public exchange plans created under the Affordable Care Act.

Wal-Mart's move is another step into insurance marketing as the retailer tries to use its size to expand beyond food and other basics at a time of sluggish traffic and sales. It also could help Wal-Mart compete with drugstore chains such as Walgreen and CVS, which are rapidly adding health care services.

Customers can enroll online, by phone or at 2,700 of Wal-Mart's more than 4,000 stores, starting Friday. The stores will be staffed with independent insurance agents from DirectHealth.com.

In April, Wal-Mart teamed up with Autoinsurance.com to let shoppers quickly find and buy auto insurance policies online.

Rich Give Less; Other Give More

A new report on charity finds the rich are giving less while poor and middle income Americans dig deeper to help good causes.

An analysis of IRS data by the Chronicle of Philanthropy showed that Americans who earned $200,000 or more reduced the share of their income they gave to charity by 4.6 percent from 2006 to 2012. Those earning less than $100,000 donated 4.5 percent more.

The Chronicle of Philanthropy, a leading source of news coverage of the nonprofit world, said its analysis was based on tax returns filed by Americans who itemize their deductions, including their charitable gifts. According to the report, changes in giving patterns were most pronounced in major cities, where the percentage of income that residents donated dropped sharply.

Metal Pieces Prompt Meat Recall

A Texas company is recalling nearly 91,000 pounds of ground beef products that might be contaminated with pieces of metal, the U.S. Department of Agriculture said.

Corpus Christi-based Sam Kane Beef Processors is recalling the beef products after four consumer complaints about pieces of metal being found. Three of the products - packages of 3, 5 and 10 pounds - were sold by HEB stores, and another was a set of 10-pound packages of formed patties made from Sam Kane Beef Processors "Ground Chuck."

GM Recalls

More recalls by General Motors: The latest round includes more than 60,000 cars. The recalls are Pontiac G8s from the 2008 through the 2009 model years and 2011-2013 model Chevrolet Caprice PPV left-hand-drive sedans imported from Australia.

GM said the ignition switch key may shift from the "run" position when touched by the driver's knee. The company said it is aware of one crash related to the problem, but no injuries.

Another recall covers about 10,000 Cadillac CTS-V sedans from the 2004-2007 model years and 2006-2007 model Cadillac STS-Vs. On some vehicles, the fuel pump module electrical terminal may overheat.