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Former exec says HP 'bungled' the Autonomy acquisition, alleges cover-up

2014-08-12 21:37:33| InfoWorld: Top News

Autonomy's former CFO has claimed that Hewlett-Packard is accusing him and other ex-employees of fraud in order to cover up its own failings in the disastrous 2011 acquisition. After buying Autonomy, HP took a $8.8 billion writedown on the $11.1 billion deal, citing widespread accounting improprieties at the company before the sale.

Tags: acquisition exec autonomy alleges

 

Autonomy exec fights back in HP row

2014-08-12 15:56:04| BBC News | Business | UK Edition

Computer giant Hewlett-Packard (HP) has been accused in a court filing of "mismanagement" in its 2011 takeover of UK software firm Autonomy.

Tags: back row exec fights

 
 

US: Sears appoints Tesco exec as Kmart president

2014-08-12 13:39:00| Daily apparel & textile news and comment - from just-style.com

Struggling retailer Sears Holdings Corporation has appointed former Tesco executive, Alasdair James, as president of its Kmart business.

Tags: president exec sears tesco

 

US: Black Diamond widens losses and appoints Gap exec

2014-08-12 12:41:01| Daily apparel & textile news and comment - from just-style.com

Outdoor equipment and apparel business Black Diamond has reported a widening of net losses in its second-quarter, and has appointed former Gap executive, Zeena Freeman, as president.

Tags: black diamond gap losses

 

UnitedHealth hires former AT&T exec for lobbyist job

2014-08-11 16:05:49| Beverages - Topix.net

UnitedHealth Group Inc., which is affiliated with several operations in New Mexico, has hired Peter Jacoby, a former AT&T Inc. lobbyist, to serve as senior vice president of government affairs.

Tags: job att exec hires

 

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