Hewlett-Packard Co. (NYSE: HPQ) raises its financial forecast and shares soar. (Reuters)

The European Union may allow Greece more time to reach its budget targets. (Reuters)

After a number of attacks on its media sites, Twitter tries to do a better job of stopping them. (Reuters)

Clearwire Corp. (NASDAQ: CLWR) probably will face shareholder revolts over the amount Sprint Nextel Corp. (NYSE: S) has offered to buy it. (Reuters)

Boeing Co. (NYSE: BA) gets a green light from Chinese officials to sell airplanes to local carriers. (WSJ)

Softbank agrees the federal government may appoint a member of Sprint’s board to track possible Japanese influence. (WSJ)

Discovery Communications Inc. (NASDAQ: DISCA) will begin to offer streaming video services, including some original programs. (WSJ)

KKR & Co. L.P. (NYSE: KKR) may invest in Saks Inc. (NYSE: SKS) and combine it with Neiman Marcus. (WSJ)

General Electric Co. (NYSE: GE) may sell some of its financial operations. (WSJ)

A proposal by investor Daniel Loeb would have Sony Corp. (NYSE: SNE) spin out or sell off its studios. (WSJ)

Tesla Motors Inc. (NASDAQ: TSLA) repays $465 million from the Energy Department well before its was due. (NYT)

Ford Motor Co. (NYSE: F) will close operations in Australia because of losses. (FT)

European Union leaders seem to back away from austerity measures, but they fail to make money available for expansion in the region. (Bloomberg)