Stocks end flat after HP shocker and Fed warning
NEW YORK (AP) — Falling oil prices and a surprise announcement from Hewlett-Packard weighed on technology and energy stocks Tuesday.
HP plunged 12 percent after executives said that a company HP bought for $10 billion last year lied about its finances. CEO Meg Whitman said that there were "serious accounting improprieties" at the search-engine company, Autonomy.
To account for it, HP took an $8.8 billion charge in its latest quarter. HP's stock lost $1.59 to $11.71.
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