Welcome Friday, September 03, 2010
Governance News
Spotlight: Apple fraud case highlights growing problem for procurement
In case there's any doubt of the impact of procurement fraud, recent months have dragged the shadier side of the purchasing world into the spotlight - and the damage is obvious. It means that, while the issue is regarded in some quarters as an inevitable part of business, it's no longer something that can be swept under the carpet.
Deregulated electricity offers US firms 'substantial savings'
Recent research has revealed that the ongoing deregulation of the US electricity industry can help procurement make substantial savings. The research was carried out by business advisory and advocacy law specialists McDonald Hopkins.
10:33, 02 Sep, 2010
HP pays $55 million to end procurement fraud probe
Hardware giant Hewlett-Packard has agreed to pay $55m to settle kickback allegations related to federal government contracts, the U.S. Justice Department said on Monday.
10:49, 31 Aug, 2010
Apple suppliers hit back at kickback payment allegations
Asian component suppliers on Tuesday responded to claims they may have paid kickbacks to a former Apple procurement executive in return for business, following his arrest last week.
10:17, 17 Aug, 2010
Apple procurement manager arrested on corruption charges
One of Apple's global supply managers was arrested on Friday and accused of accepting more than $1m in kickbacks from half a dozen Asian suppliers of iPhone and iPod accessories, according to the San Jose Mercury News.
16:10, 16 Aug, 2010
Oil companies risk 'billions of pounds' in carbon liabilities
Oil companies such as BP and Shell could be facing "billions of pounds" in future carbon liabilities as the cost of carbon rises, it has been claimed.
09:30, 13 Aug, 2010
US manufacturers face new regulation on conflict minerals
The recently signed Financial Reform Bill will require manufacturers to report annually to the SEC if their products contain 'conflict minerals' from the Democratic Republic of Congo (DRC).
10:24, 11 Aug, 2010
New US bill to increase FDA's authority over drug supply chain
The US Food and Drug Administration could be given greater powers to oversee pharmaceutical supply chains following the introduction of new legislation.
09:52, 06 Aug, 2010
Analysis: Commoditised suppliers face bleak future, warns leading CPO
Top down edicts on cost are putting the health of suppliers in jeopardy, a leading European CPO has warned.
11:27, 03 Aug, 2010
US airlines welcome curb on oil price 'gamblers'
Newly ratified US legislation that includes measures to curb commodities speculation have received a warm welcome from the nation's airlines.
09:06, 27 Jul, 2010
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