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Hewlett Packard Enterprise wins $5B fraud suit vs UK tycoon
Read full article: Hewlett Packard Enterprise wins $5B fraud suit vs UK tycoonTech giant Hewlett Packard Enterprise has won a multibillion-dollar lawsuit against a British businessmen it accused of fraud after purchasing his software company Autonomy a decade ago.
Biden plan for cleaner power system faces daunting obstacles
Read full article: Biden plan for cleaner power system faces daunting obstaclesIf the nation is to meet President Joe Biden’s goal of cutting America’s greenhouse gas emissions in half by the end of the decade, it will have to undertake a vast transformation toward renewable energy.
UK tech tycoon fights US extradition over ill-fated HP deal
Read full article: UK tech tycoon fights US extradition over ill-fated HP dealBritish tech tycoon Michael Lynch arrives at Westminster Magistrates' Court, London, Tuesday, Feb. 8, 2021. A British tech entrepreneur appeared in a London court Tuesday to fight extradition to the United States on fraud charges stemming from his firms takeover by Hewlett-Packard. U.S. prosecutors say Michael Lynch inflated the value of his software company, Autonomy, before it was bought by Hewlett-Packard for $11 billion in 2011. U.S. prosecutors say Michael Lynch inflated the value of his software company, Autonomy, before it was bought by Hewlett-Packard for $11 billion in 2011. HP wrote off most of the Autonomy purchase price the following year, and the debacle triggered a boardroom shakeup at the American tech company.