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Deutsche Telekom, Magyar Unit To Pay $95 Million To Settle FCPA Case – Corruption Currents – WSJ

December 30, 2011 by Leave a Comment

Deutsche Telekom AG and its Hungarian telecommunications unit agreed to pay more than $95 million in civil and criminal penalties to resolve U.S. probes over alleged bribes by former senior executives to government officials in Macedonia and Montenegro, authorities said Thursday.

The settlement resolves investigations stretching back about five years by the Justice Department and the Securities and Exchange Commission against Deutsche Telekom and its majority-owned Magyar Telekom unit. The Wall Street Journal

via Deutsche Telekom, Magyar Unit To Pay $95 Million To Settle FCPA Case – Corruption Currents – WSJ.

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BP employees could face criminal spill charges – Houston Chronicle (Simone Sebastian)

December 30, 2011 by Leave a Comment

Federal prosecutors are considering criminal charges against individual BP engineers for allegedly providing federal regulators with false information related to the safety of the well that was at the center of the nation’s largest offshore oil spill, according to a source involved with the case.

The source said it is not yet clear if the Department of Justice will target individual BP employees or focus on charges against the company. But the source said a decision could be made as soon as next month.

The charges could come nearly two years after the Macondo well blowout and Deepwater Horizon rig explosion killed 11 workers and spilled an estimated 4.9 million barrels of oil into the Gulf of Mexico.

The Wall Street Journal reported Thursday, according to people familiar with the matter, that federal prosecutors were preparing felony charges against several Houston-based engineers and at least one of their supervisors.

via BP employees could face criminal spill charges – Houston Chronicle.

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FTC clears Epiq’s planned purchase of De Novo Legal – Kansas City Business Journal (Alyson Raletz)

December 29, 2011 by Leave a Comment

The Federal Trade Commission    gave Kansas City, Kan.-based Epiq Systems Inc. the go-ahead to purchase a New York-based electronic legal services provider.

The FTC announced on Tuesday that it had provided Epiq (NASDAQ: EPIQ) early clearance of antitrust concerns to buy De Novo Legal LLC.

Epiq, a software company that supports the legal profession in electronic discovery and document review services, ranked 20th on the Kansas City Business Journal’s list of area public companies, based on revenue of $247.17 million in 2010.

Representatives of Epiq and De Novo could not be reached immediately for comment. A De Novo employee declined to answer questions about company details, including a current employee count, saying that there had been recent changes.

via FTC clears Epiq’s planned purchase of De Novo Legal – Kansas City Business Journal.

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Report: Intel Ready to Make Thunderbolt Widely Available | PCMag.com (Damon Poeter)

December 27, 2011 by Leave a Comment

Intel will make its Thunderbolt rapid data transfer technology available to its full contingent of PC partners in April, according to DigiTimes. Several top computer makers and components suppliers are already preparing desktops, notebooks, and motherboards with Thunderbolt, the Taiwanese tech journal reported Tuesday.

Thunderbolt, which Intel developed in collaboration with Apple, is currently only available in products like Apple’s 27-inch Thunderbolt Display, the MacBook Air, and the Little Big Disk from LaCie.

Thunderbolt chips are relatively expensive at more than $20 per module and serve much the same purpose as USB 3.0-standard data transmission technology, but prices are expected to drop in the second half of 2012, the tech journal reported. Apple’s adoption of the technology across its desktop and notebook product lines has also accelerated the timeline for Thunderbolt’s wide spread adoption, DigiTimes reported, citing unnamed sources from computer makers.

via Report: Intel Ready to Make Thunderbolt Widely Available | News & Opinion | PCMag.com.

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For Start-Ups, Sorting the Data Cloud Is the Next Big Thing – NYTimes.com (Malia Wollan))

December 27, 2011 by Leave a Comment

The idea of big data goes something like this: In a world of ever-increasing digital connectivity, ever larger mountains of data are produced by our cellphones, computers, digital cameras, RFID readers, smart meters and GPS devices. The huge quantity of data becomes unwieldy and difficult for companies and governments to manage and understand.

“My smartphone produces a huge amount of data, my car produces ridiculous amounts of really valuable data, my house is throwing off data, everything is making data,” said Erik Swan, 47, co-founder of Splunk, a San Francisco-based start-up whose software indexes vast quantities of machine-generated data into searchable links. Companies search those links, as one searches Google, to analyze customer behavior in real time.

Splunk is among a crop of enterprise software start-up companies that analyze big data and are establishing themselves in territory long controlled by giant business-technology vendors like Oracle and I.B.M.

via For Start-Ups, Sorting the Data Cloud Is the Next Big Thing – NYTimes.com.

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