Posts From King World News

New Greek reform proposal not sufficient – EU officials

The new reform proposal that Greece submitted to the institutions representing its creditors on Tuesday is not sufficient to strike a deal that would unlock new funding for cash-strapped Athens, three European Union officials said. The chief spokesman for the European Commission, which received the Greek proposal, reiterated after their comments that the EU executive was studying the suggestions and stressed that other EU officials “do not speak for” the

HP pays $100 million to settle shareholder class-action suit

Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-auction lawsuit relating to the company’s 2011 acquisition of Autonomy, a “big data” analysis company. PGGM alleged that HP made “false and misleading” statements about Autonomy’s value and the reasons for its “poor performance” after HP’s $11 billion acquisition of the company. A subsequent $8.8 billion write-down that resulted after Autonomy’s “accounting

HP pays $100 million to settle shareholder class-action suit

Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-auction lawsuit relating to the company’s 2011 acquisition of Autonomy, a “big data” analysis company. PGGM alleged that HP made “false and misleading” statements about Autonomy’s value and the reasons for its “poor performance” after HP’s $11 billion acquisition of the company. A subsequent $8.8 billion write-down that resulted after Autonomy’s “accounting