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accounting irregularities
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Crisis-Hit Toshiba to Announce Record Losses Amid Major Restructuring Push
Dec 22, 2015Toshiba Corp. said on Saturday its group net loss for the business year ending in March will far outweigh that of the previous year's and may top its record of 398.8 billion yen (3.29 billion U.S. dollars) logged in the year through March ...
Tags: Toshiba, Record Losses
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Toshiba to Slash 8,000 Jobs in Restructuring Plans, Record Losses Expected for FY 2015
Dec 22, 2015Scandal-plagued Toshiba Corp. on Monday unveiled wholesale restructuring plans in an aggressive move to return the ailing electronics firm to profitability which will include some 7,800 jobs being slashed from its workforce. The firm ...
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Nordeon Has Acquired Decorative Outdoor Lighting Manufacturer Hess
Aug 27, 2013Luminaire specialist Nordeon has acquired decorative outdoor lighting manufacturer Hess, in an asset deal that comes into effect from 1 October. The takeover includes the Hess factory at Villingen-Schwenningen in Germany, its sales ...
Tags: Nordeon Group, Hess
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HP Is Still in The Market for Technology Industry Acquisitions
Aug 23, 2013HP CEO Meg Whitman has revealed that the company is still in the market for technology industry acquisitions - but "only" up to $1.5bn in value. Speaking in a US television interview after unveiling lacklustre financial results, Whitman ...
Tags: HP, Computer Products, software
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HP CEO Has Reshuffled Her Senior Team in Advance of The Announcement
Aug 23, 2013HP CEO Meg Whitman has reshuffled her senior team in advance of the announcement of what is expected to be lacklustre financial results later today. Chief operating officer Bill Veghte will replace Dave Donatelli as head of HP's ...
Tags: HP, Computer Products, software
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EOG Resources Is Projecting Its Natural Gas Liquids Production Will Rise 14% This Year
Aug 12, 2013EOG Resources is reaping such high volumes of liquids from key US resource plays that it has raised its 2013 year-over-year production growth target for oil and condensate to 35% from 28%, its executive chairman said Wednesday. At the ...
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Apple Climbed The Fortune 500 This Year to The No. 6 Spot
May 8, 2013Apple climbed the Fortune 500 this year to the No. 6 spot, its highest-ever ranking, its first time in the top 10, and the top technology company on the influential list, replacing sagging HP. Fortune, which ranks firms by annual revenue, ...
Tags: Apple, Fortune 500
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Tech Data Has Admitted Accounting Irregularities Originating in a UK Subsidiary
Mar 21, 2013Technology distributor Tech Data has admitted accounting irregularities originating in a UK subsidiary over the past three years. After the close of trading on Nasdaq today, US-based distributor Tech Data announced that it will need to ...
Tags: Tech Data, Computer Products, 2e2
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HP Has Not Been Able to Innovate or Hold on to Talent in Recent Years
Mar 18, 2013HP has not been able to innovate or hold on to talent in recent years, according to former Autonomy boss Mike Lynch. Lynch, who was in charge of Autonomy when it was sold to HP in October 2011 for $11.1bn (£7bn), left the HP ...
Tags: HP, Computer Products
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Mike Lynch Has Stoked The Fire Against HP in His First on-Stage Interview
Mar 4, 2013Mike Lynch, the former CEO of Autonomy, has stoked the fire against HP in his first on-stage interview since the war of words between his former company and its acquirers began. HP shares up amid signs of confidence in restructuring ...
Tags: Autonomy, HP, accounting irregularities
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Autonomy Is to Be Investigated Over Allegations of Accounting Irregularities
Feb 17, 2013Autonomy, the software vendor led by Dr Mike Lynch (pictured) and bought by HP for $10.3bn (£7.1bn) in 2011, is to be investigated over allegations of accounting irregularities. The Financial Reporting Council (FRC) has revealed it ...
Tags: Autonomy, software, company news
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HP Has Received Overtures for Enterprise Search Firm Autonomy
Jan 18, 2013HP has received overtures for enterprise search firm Autonomy and IT and equipment provider Electronic Data Systems (EDS), sources familiar with the discussions have revealed. The Wall Street Journal reported that the expressions of ...
Tags: HP, Autonomy, IT, Electronic Data Systems
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HP Is to Axe Staff From Its Autonomy Business
Jan 16, 2013HP is to axe staff from its Autonomy business in a shake-up that will also see the company take on 50 new engineers. In an email published by AllThingsD, Robert Youngjohns (pictured), who took over as Autonomy CEO from Mike Lynch in ...
Tags: HP, Autonomy business, company news
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Mike Lynch Has Defended Himself Against Claims by Meg Whitman
Dec 28, 2012Mike Lynch, the founder and former CEO of Autonomy, has defended himself against claims by HP CEO Meg Whitman that Autonomy had engaged in accounting practices that painted a misleading picture of Autonomy's business. HP bought Autonomy ...
Tags: Autonomy, HP, accounting irregularities, bought
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HP Was Ultimately Approved by New CEO Meg Whitman
Nov 21, 2012Hardware giant Hewlett-Packard has called in the Serious Fraud Office (SFO) after uncovering what it claims are accounting irregularities at intelligent-search software vendor Autonomy, which it acquired for $11.1bn (£7bn) in August ...
Tags: Hardware, Hewlett-Packard, HP, SFO