Billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by Hewlett Packard. In other words, its fraud. After autonomys founder and ceo Michael Lynch was fired by meg whitman, sources close to the company tell me a Senior Executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. Hp began an investigation and concluded that these accounting improprieties inflated the value by 5. 3 billion. The ceo then relied on audited financials when making a bid to buy the company. Those financials were audited but there were plenty of investors out there who questioned autonomys growth rate. Sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. The company was selling computer hardware. Desk top computers, its a Software Company at a loss to supplemen
Your thoughts on not only what could happen if the government shuts down but your thoughts on if it should or not reviewed here is how you can reach out to us or not. Here is how you can reach out to us. cspanwj on twitter. Facebook. Com cspan. And you can send us email, journal cspan. Org. Newspapers highlight will happen over the next couple of days. From the front page of the post joining us to give us a sense of what could happen, the leadership editor of roll call. Thank you for joining us this morning. Lets start with the house. S speakere boehner has regarding the short term funding bill. Guest republicans are scheduled to meet at noon today. I think that is going to be a pretty important meeting. They have to decide as a behind ae, do they get specific alternative to send back to the senate . They have some choices here. They could just take up the senate bill, put it on the house floor, and it would probably pass with mostly democratic support. A lot of republicans would not v
Carly, heide, and monica. This bill is supported by phrma, the generic pharmaceutical association, the National Community pharmacist association, the Health Care Supply chain association, and the pharmaceutical distribution security alliance, among others. And i would urge all of my colleagues to support this commonsense, Bipartisan Legislation and i yield back the balance of my time. The speaker pro tempore the gentleman yields back the balance of his time. The gentleman from california is recognized. Mr. Waxman at this time id like to yield three minutes to the Ranking Member on the Health Subcommittee, the gentleman from new jersey, mr. Pallone. The speaker pro tempore the gentleman is recognized. Mr. Pallone thank you, thank you, mr. Waxman. I want to rise in support of the drug quality and security act. This bill represents a bipartisan, bicameral effort to clarify current pharmaceutical compounding laws and secure our nations pharmaceutical drug supply chain. Its the culmination
Mohammed eleran. This economy has a 50 50 chance and well likely to have another financial disruption in this market. Looking forward to that. Bill clinton and Lloyd Blankfein, a dark alley where someone gets their throat slit and one paragraph in Tim Geithners new book in the financial crisis. Our Andrew Ross Sorkin spoke with the former treasury secretary. More on what bill clinton told tim geithner when the world was on the precipice back then. Andrew will join us next hour to talk about that, so were looking forward to that. Where we stand an hour to go into the close, a little bit of Different Directions here. Depends what happens with the s p the dow is up about 12 points and the nasdaq is also higher today, and notably we should add that its been leading the market downward the last couple of sessions and s p 500 sitting on the flat line at 1875. Lets talk about it with our closing bell exchange, quincy cross by and ken mahoney and eric from russell investments, ron mullencamp a
Good morning, everyone. This thursday in new york city. You are watching Bloomberg Television. I am Erik Schatzker. I am stepping in today for Stephanie Ruhle. See the resemblance . Time now for the new speed. Top business stories or around the world. Twitter. At cfoame to the company as and moved to coo in 2012. Retail sales rose. 3 of a percent in may, less than forecast. Still on the upside. Revised figures show april sales were much larger than first report. Is cocoo of bnp paribas stepping down in the midst of the investigation. He will leave at his own request. Askedp Bank Regulator that he be dismissed. Authorities want bnp paribas to pay as much as 10 billion to settle claims of illegal dealings with iraq and sudan. Big implication overseas. This could affect oil prices around the globe. Al qaeda has seized control of the second largest city in moving closer to baghdad i the day. Here is how this is playing out in the oil markets. You can see the response. In a moment you will