Help for H-P
The Justice Department opened a probe into Autonomy Corp. after Hewlett-Packard accused the software company of misrepresenting its performance before being bought last year, causing H-P to book an $8.8 billion writedown.
Stocking up
Gun maker Smith & Wesson said it plans to buy back an additional $15 million of shares, amid discussions for tighter gun control laws after the Newtown school shooting.
A hug for Ugg
Deckers shares rose 9.3 percent to $38.11 after a research report by Experian that showed the company’s Ugg brand was the most searched brand online this holiday season.
Ford expands
Ford Motor plans to invest more than $773 million on new equipment and capacity expansions across six manufacturing plants in Michigan, creating 2,350 jobs.
Einhorn flops
Greenlight Capital, David Einhorn’s New York-based hedge fund, may have lost as much as $67.6 million from its stake in Marvell Technology as the shares tumbled over the past two days.