300 Job Cut
Sprint today announced that it would be cutting 300 workers without any redundancy or job severence pay.
Entries by ceadmin
Sprint Settles Allegations of Contracting Fraud
NEW YORK — Sprint Corp. agreed to pay roughly $5.6 million to the U
Fannie Accounting
NEW YORK (Reuters) – Franklin Raines, chief executive officer of Fannie Mae, the nation’s largest home mortgage finance company, said it does not face the same accounting questions as its smaller rival sister Freddie Mac.
On June 9, Freddie Mac replaced its top three executives over an accounting probe about how the No. 2 U
Tax shelter summons
WASHINGTON (CBS.MW) – U.S
Martha Stewart appears in Court
The domestic style setter is facing federal obstruction of justice charges, related to an investigation of her December 2001 sale of almost 4,000 shares of biotech firm ImClone Systems before bad news about one of its key drugs was revealed to the public. Stewart and her attorneys have denied any wrongdoing in the case.
Stewart, whose June 4 arraignment in court was a media circus, is heading into court for what is known as a status conference, in which lawyers on the two sides of the case can raise issues before the judge and discuss a schedule
Citicorp Brokerage Executive Fired
NEW YORK (Reuters) – Citigroup Inc. C.N , the world’s largest financial services company, has fired William Maguire, the top executive in its Citicorp brokerage unit, the New York Times said on Thursday, citing a Citigroup spokesman
Cablevision financial irregulatories
NEW YORK Cablevision Systems (CVC) tried to head off a potentially damaging financial scandal Wednesday by disclosing that an internal investigation turned up years of misreported expenses and fabricated invoices at cable channel American Movie Classics.
Although the company says the amounts of cash involved are too small to require a restatement of earnings, it fired AMC president Kate McEnroe and 13 other employees mostly senior staff. Rainbow Media CEO Josh Sapan, who oversees Cablevision’s programming services, is temporarily in charge
Nigeria Fraud Investigation
LAGOS, June 18 (Reuters) – Nigerian President Olusegun Obasanjo has ordered an investigation into alleged fraud by a local unit of U.S. oil services firm Halliburton Co (nyse: HAL – news – people), his spokeswoman said on Wednesday
Halliburton awarded US military contact
WASHINGTON (AP) – Halliburton’s contract to restart Iraq’s oil production has doubled in cost over the past month, and the no-bid work may last longer than expected, the Army says.
The expanded role awarded to Vice President Dick Cheney’s former company cost taxpayers $184.7 million as of last week, up from $76
Tender for PeopleSoft
12th June 2003 Oracle Corporation has made a tender for a takeover of PeopleSoft corporation.
The consolidation is believed to be a reaction to the PeopleSoft bid for J.D