Tagged: Hewlett Packard

The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company ended up hurting HP's bottom line.

Hewlett-Packard's chairman Raymond Lane will give up his position, The Wall Street Journal, Reuters and Bloomberg are reporting.

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NPR's business news starts with a costly misstep by HP.

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. HP plans to sue, and has asked authorities in both the U.S. and the U.K. to investigate. Transcript provided by NPR, Copyright National Public Radio.