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Last year, Hewlett-Packard Co. bought the British software company Autonomy Corp. as it tries to expand its lineup of business software products while lowering its profile in consumer electronics.
Americans clicked away on their computers and smartphones for deals on Cyber Monday, which is expected to be the biggest online shopping day in history.
Hewlett-Packard now has a legal headache to compound its misery as the company tries to recover from a series of setbacks that have hammered its stock price and raised doubts about its future.
The stock market enjoyed some Black Friday cheer, rising sharply as shoppers braved the annual post-Thanksgiving rush. Major stock indexes closed one of their best weeks of the year.
THE ACCUSATION: Hewlett-Packard Co. says executives at a British software company it bought last year for $9.7 billion, Autonomy, padded the company's financial results using various accounting tricks.
Hewlett-Packard Co. said on Tuesday that it's the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.
Hewlett-Packard Co. said on Tuesday that it's the victim of a $5-billion-plus fraud, claiming a British company it bought last year lied about its finances.