U.K. FRC Launches Investigation Into Autonomy Accounting Practices (HPQ)
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Market Wrap: Salvo in H-P/Autonomy Battle Heats Up; Fiscal Cliff Positioning Continues; Apple Sends Maps Chief a-Packin'
November 27, 2012 5:14 PM ESTMarket wrap-up for November 27th
End of the Day: S&P 500 down 7.4 to 1,398.94; Dow Jones down 89.2 to 12,878.13; Nasdaq down 9.0 to 2,967.79
The following is a brief summary of events moving markets today:Well, that was easy: Talks to send more aid to Greece ended well, with finance minister reaching agreements over 44 billion in loans along with 40 billion of debt relief.
The International Monetary Fund (IMF) agreed to release the payments in four installments next month.
In the past, the IMF, European Commission (EC), and European Central Bank (ECB) have agreed to 240 billion in loans, of which Greece has since received 150 billion.
Painting the markets 'Reid': Senate Majority Leader Harry Reid... More
Hewlett-Packard (HPQ) Responds to Autonomy CEO Lynch; May Have Evidence of Willful Intent to Mislead
November 27, 2012 1:42 PM ESTHewlett-Packard (NYSE: HPQ) issued the following statement in response to Mike Lynch's open letter to the HP board:
HP has initiated an intense internal investigation into a series of accounting improprieties, disclosure failures and outright misrepresentations that occurred prior to... More
