Following the merger of Scottish Hydro-Electric and Southern Electric to create Scottish and Southern Energy (SSE), the task to merge the customer details of 3.4m customers into a single database has begun under the supervision of IBM.
Separately, utility arm Vivendi Environment has said it will write-down the value of its assets by E2.65bn. Such a move, attributed in today's WSJ Europe to "a person familiar with the situation", is in line with changing to US accounting principles.
Peter Cochrane is a co-founder of ConceptLabs CA, where he acts as a mentor, advisor, consultant and business angel to a wide range of companies. MP3 and mobile phones will most likely merge with a GPS and PDA facility communicating between health...
Business software company i2 Technologies has seen net losses increase by $207.1m after restating earnings for the past four years, concluding a six-month internal audit of its revenue accounting, which is still under investigation by government...
The company settled with federal prosecutors and agreed to an 18-month "deferred prosecution", which brought an independent examiner and two independent board members to the company. FBI assistant director-in-charge Mark Mershon said in a statement...
A similar lawsuit against Anderson was filed but simultaneously settled. Former Apple chief financial officer Fred Anderson has issued a statement claiming he advised Apple CEO Steve Jobs of the accounting implications of backdating in January 2001...