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FBN’s Diane Macedo with a morning headline update, including news that H-P has confirmed an investigation into its deal with Autonomy.
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Business news' Diane have spent forty.
So we're talking about the fiscal -- and how this deadline is approaching the times also running out -- into avert.
This longshoreman strike that will bring every major cargo port on the east and gulf close to a standstill.
The shutdown would potentially bring commerce to a grinding halt more than 141000.
Longshoreman are threatening to strike come Sunday and the fifteen ports involved in the labor dispute.
Move more than 100 million -- tons of goods each year or about 40% of the country's containerized cargo.
Contract expired in September and was extended once for ninety days but that extension runs out this weekend those -- government can strike.
At that point now the drought is also again raising concerns about the Mississippi River.
Barge companies are concerned that the falling water level could essentially -- river commerce as early as next week in an area south of Saint Louis.
The Coast Guard says it's confident the country's largest -- will remain open but barge industry trade groups say even if the river is open.
More limits on barges will bring commercial traffic to a standstill.
And -- it happened Packard confirms the Department of Justice is investigating its allegations that autonomy.
Engaged in accounting improprieties before HP bought the software company last year.
Company statements about autonomy in a regulatory filing prompted a harsh response from economies former CEO Mike Lynch.
Instead he hasn't been contacted by any regulatory authority.
Adding quote we will cooperate with any investigation and look -- -- to the opportunity.
To explain our position HP acquired autonomy in October of last year for more than eleven billion dollars.
After several months of investigation HP announced it was taking an eight billion dollar write down.
Due to that deal thinking thank you Diane you more when a weather on its way -- this weekend.
Could dampen.
