Marketplace Morning Report for Wednesday, November 21, 2012
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Hewlett Packard's stock is at a 10 year low this morning after the company announced that it was misled when it acquired the British software firm Autonomy last year. That acquisition forced the company to take an $8.8 billion hit to its bottom line last quarter. But what's Autonomy's side of the story? And with Black Friday and Cyber Monday just around the corner, we're in for the biggest shopping season of the year. But whatever you buy might not look quite as perfect as it does in the catalog or online.
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Posted In: insider trading, hedge funds
U.S. prosecutors have filed their biggest-ever case of insider trading. The allegation: SAC Capital Advisors, a hedge fund, got early warning about the failure of an Alzheimer's drug in clinical trials. That info let the fund sell its holdings in the companies behind the drug, and reap $276 million.
Conflict of interest behind the biggest ever case of insider trading. Find out what early holiday gift Walmart is hoping for this year and why air travel is even less fun than usual right now. Plus, and indulge in the latest Internet fad: spot Mitt Romney.
Posted In: Travel
On this busiest travel day of the year, some flyers are finding air travel even less enjoyable than usual. Prices are rising, planes are packed... Just finding a flight in some markets can be tough. But the troubles don't end at the end of Thanksgiving weekend.
Posted In: Twinkies, Hostess
Last-ditch talks to save the Hostess company from liquidation have failed. The Twinkie maker will likely begin the (legal) winding down process to shut everything down and sell off remaining brands and assets.
Posted In: Hp, Hewlett-Packard, Meg Whitman
Yesterday, Hewlett-Packard announced that it was misled when it acquired the British software firm Autonomy last year. That acquisition forced the company to take an $8.8 billion hit to its bottom line last quarter.
Posted In: China, aviation, investment
U.S. criticism of Chinese investment in key technology sectors such as aviation could cost the U.S. opportunities, say experts.
Posted In: fashion, CGI, Ikea, Black Friday
The Swedish furniture maker Ikea increasingly relies on CGI -- computer-generated imagery -- to "make" the items in its catalog. It's enough to raise the question of whether computer graphics could ever replace people in the fashion photography business.