DealBook: Hewlett-Packard Takes $8.8 Billion Charge

Hewlett-Packard said on Tuesday that it had taken an $8.8 billion accounting charge, after discovering “serious accounting improprieties” and “outright misrepresentations” at Autonomy, a British software maker that it bought for $10 billion last year.It is a major setback for H.P., which has been struggling to turn around its operations and remake its business.The charge essentially wiped out its...

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Existing-home sales and builder confidence rise

WASHINGTON -- The housing market recovery showed signs it is continuing to strengthen as sales of existing homes increased 2.1%...

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Google Poaches Deputy Director of National Highway Traffic Safety Administration

Google’s autonomous driving program might have engineers, technicians and lobbyists working overtime to bring self-driving cars to the world, but it’s been missing one very important post: a government policy expert.That’s going to be rectified come January 7, 2013, when Ron Medford, the National Highway Traffic Safety Administration’s deputy director takes a position...

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“Last Resort,” “666 Park Avenue” Dropped by ABC

LOS ANGELES (TheWrap.com) – ABC’s freshman submarine drama “Last Resort” has been sunk, and the network has shuttered “666 Park Avenue” while it’s at it.The network has declined to pick up its freshman drama “Last Resort,” which starred Ande Braugher as a submarine commander whose crew is declared rogue enemies after he ignores a suspicious order. Likewise,...

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Teenage Boys, Worried About Body Image, Take Health Risks

Béatrice de Géa for The New York TimesDavid Abusheikh at a gym in Brooklyn. He goes six days a week and says he uses protein supplements to help build muscle. It is not just girls these days who are consumed by an unattainable body image. Take David Abusheikh. At age 15, he started lifting weights for two hours a day, six days a week. Now that he is a senior at Fort Hamilton High School in...

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News Corporation Looks at Potential Acquisitions

Kevork Djansezian/Getty ImagesRupert Murdoch, second from left, with his sons, Lachlan, left, and James, second from right, and Chase Carey, News Corporation’s president and chief operating officer, in July in Sun Valley, Idaho. The media conglomerate, which had been on its heels for more than a year because of the phone hacking scandal in Britain, is looking to make acquisitions again. First...

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A young shooting victim wrestles with his fears

After the nightmares started, Davien Graham avoided his bicycle.In his dreams, he pedaled his silver BMX bike through his neighborhood,...

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Amazing Time-Lapse Video Features Ever-Changing Earth and Sky

.Heaven meets the Earth in this moving time-lapse video showing gorgeous landscapes underneath an ever-changing night sky.“Within Two Worlds” was created by photographer Brad Goldpaint. The film features shooting comets, a giant tilting Milky Way, and glowing purple and pink auroras peeking over the horizon. Stunning sequences watch day turn to night and night to day,...

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DirecTV strikes deal to carry Time Warner Cable’s sports channels

LOS ANGELES (TheWrap.com) – Los Angeles Lakers fans who subscribe to DirecTV will finally be able to watch their team again.DirecTV, has struck a deal to carry Time Warner SportsNet, which now almost exclusively airs the Lakers games, along with Time Warner‘s Spanish-language Deportes. The agreement ends a carriage dispute...

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Ashlyn Blocker, the Girl Who Feels No Pain

Jeff Riedel for The New York TimesAshlyn Blocker, who feels no pain, at home in Patterson, GA. The girl who feels no pain was in the kitchen, stirring ramen noodles, when the spoon slipped from her hand and dropped into the pot of boiling water. It was a school night; the TV was on in the living room, and her mother was folding clothes on the couch. Without thinking, Ashlyn Blocker reached her right...

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