From Fnno.com, this is the Financial News Network. Here’s a few things to watch for in the financial world today August 23.Hewlett-Packard (NYSE:HPQ) on investors minds this morning after it reported its biggest quarterly loss in at least two decades. Net profit for the third quarter came in at $2 billion or $1.00 per share, a 9% decline from the same time a year ago. Sales also fell 5% to $29.7 billion, mostly due to lower demand for PCs. The company’s CEO Meg Whitman responded to the earnings saying HP is still in a multi year turnaround process and so far things are looking good despite some headwinds.Another company with some dismal earnings this morning is Big Lots (NYSE:BIG). The retailer reported profit of $22.1 million or 36 cents a share for the second quarter, down 38% from the same time last year. Sales did rise 4.4% to $1.22 billion but both earnings and revenue missed the street’s expectations. The company is also in the midst of a slew of executive changes, including the appointment of Timothy Johnson as its new chief financial officer.Finally, Qantas Airways saying it struggled this past quarter and has decided to cancel orders for 35 of Boeing’s 787 aircraft. After the Australian airline posted its first annual loss in years, it has decided to pass on paying Boeing the $8.5 billion needed for the new fleet. This is not only bad news for Qantas but also bad news for Boeing. The cancellation is the biggest on record and hurts the struggling aircraft manufacturer who already has had delays in its Dreamliner model line.Those were a few things to watch out for here on the Financial News Network. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.