Marketplace Morning Report for Tuesday, November 20, 2012
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We'll get quarterly earnings today from Hewlett-Packard -- and when we do, we might see even more signs of a big shift away from personal computers, and toward tablets and mobile devices. Is there still any money to be made selling PCs? It turns out that the Twinkie might just last a little longer, as Hostess Brands will be back at the bargaining table to try and avoid liquidating the company. And speaking of negotiations, players and owners of the NHL are expected to meet this morning to try and bring an end to the 66 day old lockout.
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Today's greatest hits: One to France's credit rating, and another to Hewlett-Packard. The reported raids on convenience store Twinkie stashes across the country may have been for nothing. We'll talk about what all these big money politcal donors are up to post-election and consider whethere there's anything you can really do, in the end, about your inevitable mid-life crisis.
Posted In: Meg Whitman, Hp, Hewlett-Packard, fraud
Hewlett Packard says fraud is behind the big quarterly loss it unveiled this morning. The personal computing company is writing down $9 billion because of what it calls financial "misrepresentations" by a company it acquired last year.
Posted In: cambodia, Barack Obama, asia
Today, President Obama is on his way back to the United States after several days in Southeast Asia. His most recent stop in the tour was in Cambodia, where he attended an economic conference.
Posted In: NHL, los angeles, L.A. Kings, Sports
Players and owners are expected to meet this morning to try and bring an end to the 66-day-old National Hockey League lockout. If they don't work things out and there's no season, it would be another setback for a sport that's still feeling the impact of a canceled season eight years ago.
Posted In: Hostess, Twinkies
Hostess Brands may not be dead after all. The company's management and workers will be back at the bargaining table one last time today to try and avoid liquidating the company. A private mediation will take place behind closed doors.
Posted In: super PACs, campaign spending
It has been two weeks since the election, and the big number we're going to focus on is: $6 billion. That's how much money was spent on the 2012 campaign... And a lot of that money came from big donors.
Posted In: Hewlett-Packardm, Hp, PC, computer
Last week, Dell's profits proved to be disappointing. Hewlett-Packard is next up to announce their earnings, as big personal computer makers feel the heat from tablets and smartphones.