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CEO Michael Jordan calls EDS  a tale of two cities   Electronic Data Systems Corp.  EDS  tripled its net income and exceeded revenue expectations in its second quarter of fiscal 2004, while its chief executive acknowledged that past missteps continue to afflict the company, particularly its problematic and gargantuan U.S. Navy/Marine Corps Intranet  N/MCI  project, the company announced Wednesday.EDS, in Plano, Texas, posted net income of $270 million, or $0.54 per share, up from net income of $88 million, or $0.18 per share in last yearrsquo  second quarter. Excluding certain one-time items, such as a gain of $0.81 per share related to the companyrsquo  divestiture of its UGS PLM Solutions unit, EDS posted a net loss of $16 million, or $0.03 per share, in line with the consensus expectation from analysts polled by Thomson F stanley mug irst Call and below net income of $100 million, or $0.21 per share, in last yearrsquo  second quarter on a comparable basis.EDSrsquo; quarterly revenue grew 4 percent to $5.24 billion, above consensus expectations of $5.17 billion, thanks in part by solid execution in the U.S. and Europe and in vertical sectors such as communications, government a stanley canada nd retail, the company said. Excluding the impact of currency fluctuations, acquisitions and divestitures, revenue remained flat. Revenu vaso stanley e figures for both periods exclude UGS PLM Solutions. The N/MCI contract generated an operating loss of $171 million, or $0.21 per share, in line with EDS expecta Cosn Researchers have found a way to predict future oil prices
Monday 30 November 2015 6:23 pmJudge approves Britainrsquo  first ever deferred prosecution agreement in Serious Fraud Office bribery case involving Tanzanian division of ICBC Standard BankBy: Hayley KirtonShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailBritainrsquo  f stanley es irst defe stanley uk rred prosecution agreement  DPA  has been approved today in a bribery case involving ICBC Standard Bank and the Serious Fraud Office  SFO .A DPA is a type of plea deal where legal proceedings against a company are suspended in return for other conditions, such as agreeing to pay a fine.The London division of Standard Bank, as it was known then, has admitted to failing to prevent the bribery of Tanzanian officials, which saw its Tanzanian unit,Stanbic Bank Tanzania,raise $600m  pound;399m  for the government and generate transaction fees of $8.4m.The bank will now pay penalties of $32.2m, including a fine of $16.8m to be paid to the SF stanley cup O and a fine of $6m to be paid to the Tanzanian government.This landmark DPA will serve as a template for future agreements, said David Green, director of the SFO. The judgment from Lord Justice Leveson provides very helpful guidance to those advising corporates. It also endorses the SFO s contention that the DPA in this case was in the interests of justice and its terms fair, reasonable and proportionate. I applaud Standard Bank for their frankness with the SFO and their prompt an