Hynix may be fined for accounting breach
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SEOUL: Hynix Semiconductor may be fined for shoddy accounting between 1999-2003, South Korea&#39;s financial regulator said. News of Hynix&#39;s accounting violations comes after the CEO of Kookmin Bank, South Korea&#39;s
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TOKYO (CBS.MW) -- Japan&#39;s Toshiba Corp. said Tuesday it has field suit against South Korea&#39;s Hynix Semiconductor Inc. in Japan and the United States, alleging infringement of Toshiba&#39;s semiconductor flash memory patents.
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Experts are concerned that data may not being properly protected by the IRS and that a massive data loss by the agency, similar to the one last month by the U.K.'s Revenue and Customs office, could disrupt the nation's banking system.
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Company says breach last week by hackers likely had no impact on customers, but it continues to investigate the incident.
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InfoWorld - The U.K.&#39;s financial services regulator has levied a heavy fine against the nation&#39;s largest building society over a stolen laptop containing confidential customer information.
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SEOUL, South Korea - Hynix Semiconductor Inc. made a profit of 530 billion won (about US$467 million) on sales revenue of 1,542 billion won (about US$1,359 million) in the third quarter of 2004.
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The software giant may be forced to take a $1.15 billion charge due to hardware problems with the Xbox 360.
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Global Crossing Ltd. founder Gary Winnick and at least two other executives are likely to be fined under an agreement that will end a Securities and Exchange Commission probe into the company's accounting, people familiar with the matter said.
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The European Union's Competition Commission said today it might levy fines of $4 million a day against Microsoft amid concerns that the company is overcharging for the information rivals need to make their products work smoothly with Windows.
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Toshiba is taking action to protect its patents. The Japan-based company has accused Hynix Semiconductor of violating seven patents in the United States, including ones for DRAM, and three flash-memory patents in Japan.
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The installation of SAP financial software at a major London-based container transport firm exposed flaws in the company's accounting systems and processes, forcing it to restate its earnings.
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A credit union in Massachusetts has sent TJX an invoice for $590,000 to cover the monetary costs and reputational damage that the financial institution says it incurred as a result of the data breach disclosed by the retailer in January.
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Keel-hauled outfit suffers biggest-ever settlement An unnamed international media firm has agreed to pay a record fine of â¬2.5m ($3.46m) for being found to have "significant shortfalls in software licenses".â¦
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Third-quarter profits at Hynix Semiconductor Inc, the second-largest maker of basic memory chips, nearly quadrupled from a year ago on robust demand, but dropped from the previous quarter due to falling prices.
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SEOUL Hynix Semiconductor, the world&#39;s second-largest maker of computer memory chips, was responsible in 1999 for accounting violations involving 2 trillion won, or $1.
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Sun Microsystems Inc. and Unisys Corp. have filed a U.S. lawsuit against South Korea's Hynix Semiconductor Inc., apparently seeking damages related to a federal probe into price-fixing of memory chips, Hynix said Tuesday.
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Hynix used such deceptive accounting methods as substituting expenses with assets under construction from 1996, the Financial Supervisory Service says.