Technology giant Hewlett-Packard has made allegations of accounting impropriety at Autonomy, a British firm it bought last August, as it announced an $8.8 billion (£5.5bn) writedown in the value of its $10billion (£6.3bn) acquisition of the company.
It says they were alerted to the alleged impropriety by a whistle-blower inside Autonomy.
The world's biggest manufacturer of personal computers Hewlett Packard is cutting 27 thousand jobs by the end of 2014. That's eight per cent of its global workforce. It's not clear how many jobs will be lost in Britain. The move will save the company more than two billion pounds a year.