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November 21, 2012

Stocks end flat after HP shocker

NEW YORK (AP) — Falling oil prices and a surprise announcement from Hewlett-Packard weighed on technology and energy stocks Tuesday.

HP plunged 12 percent after executives said that a company HP bought for $10 billion last year lied about its finances. CEO Meg Whitman said that there were “serious accounting improprieties” at the search-engine company, Autonomy.

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