While you were sleeping Housing gains, HP charge

Tue, 20 Nov 2012

By Margreet Dietz Nov 21 (BusinessDesk) - Wall Street welcomed another surprisingly upbeat sign on the American housing market, the second in as many days. However, shares of Hewlett-Packard slumped 11 percent after the company announced an US$8.8 billion charge in large part because of "accounting irregularities" at Autonomy Corp, a software company it acquired last year. Building on yesterday's report showing that US homebuilder sentiment climbed to the highest level in six years in November, Commerce Department data today showed that hous...

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