While you were sleeping HP disappoints, Merkel sees ‘arduous’ path

Thu, 23 Aug 2012

Aug 24. (BusinessDesk) – Stocks fell in the US and Europe on concern European leaders aren’t making as much progress as hoped in resolving the region’s debt crisis and Hewlett-Packard led declines in tech stocks after forecasting earning that missed estimates. The Dow Jones Industrial Average fell 0.9 percent in afternoon trading on Wall Street, led by a 7.8 percent drop in HP after the biggest maker of PCs said annual profit before items would be US$4.05 to US$4.07 a share, below the US$4.08 average estimate in a Bloomberg survey, as it cont...

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