RENEE MONTAGNE, HOST: NPR's business news starts with a costly misstep by HP.</s>RENEE MONTAGNE, HOST: The California-based technology giant is writing down an $8.8 billion loss. CEO Meg Whitman says much of that comes from new revelations about Autonomy, a software company HP bought last year. She says the company lied about the state of its finances.</s>RENEE MONTAGNE, HOST: HP plans to sue, and has asked authorities in both the U.S. and the U.K. to investigate.
The California-based technology giant is writing down an $8.8 billion loss. CEO Meg Whitman says much of that comes from new revelations about Autonomy, a software company HP bought last year. She says the company lied about the state of its finances.