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Midday Market Report: 11/20/12

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    Hewlett-Packard shares under pressure as company reveals the British software firm it bought last year lied about its finances

  • Duration 1:24
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Another solid report on housing US builders started construction on new homes last month at that fastest pace in more than four years.

Some bad news at Hewlett-Packard shares come under intense pressure.

The company revealed that the British software firm called economy at a ball last year lied about its finances.

Resulting in a huge hit to HP's quarterly earnings HP reported its second consecutive quarterly loss this time six point 85 billion dollars.

Revenue meanwhile came in at thirty million dollars but that missed Wall Street expectations.

Wal-Mart workers demanding better pay and benefits and they're planning to stage 1000 protests in the days leading up to and including Black Friday.

Wal-Mart is trying to block the protesters.

He filed a complaint against the effort with the National Labor Relations Board claiming they are illegal moves aimed at unionizing wal mart's.

And 45% of folks surveyed by acting finance which offers payday loans and other financial services.

Say there's so financially drained during the holidays they'd rather skip them.

In the meantime folks that are celebrating are certainly tightening their belts 85%.

Surveyed say they plan to spend the same as last year.

It's not less than 41% that they plant he's lay away.

To help them manage their finances that's.

More -- on foxbusiness.com.

In New York online so minute.