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  • ( ) Kinetek Consolidates Operations

    WESTON, Fla., Nov. 8 /PRNewswire/ -- Kinetek Consulting LLC announced the successful consolidation of financial systems for Meggitt Defense Systems Inc. (MDSI) of Irvine, California. Kinetek partnered with Meggitt to consolidate three separate Deltek ERP systems resulting in a single consolidated system operating on Deltek's Costpoint(TM) ERP system. "It was an intricate task," said Dave Delaney, one of Kinetek's partners and lead principle for this engagement. Added Charles Ho, Director of IT for MDSI, "Kinetek's expertise in data conversion, their knowledge of Deltek Costpoint(TM) and their value- add were all integral in MDSI's decision to partner with them for this mission-critical project. Without Kinetek, we would not have achieved our live date and our schedule for consolidation."

    Final conversion and cutover to live operations occurred over the span of just one weekend. More>>

  • ( ) Tata Steel backs BHP's Rio merger plan

    THE world's sixth largest steelmaker, Tata Steel of India, has backed BHP Billiton's proposed merger with Rio Tinto, saying it was time for the industry to consolidate.

    Tata Steel managing director B. Muthuraman said while there was concern a combined entity could drive up market prices for iron ore, a merger was a necessary outcome. "It is a natural thing to happen,'' Mr Muthuraman said. "It is good for the commodity industry, which has had serious cycles over the last 25-50 years. "It is time, I think, that both the steel industry as well as the commodity industry consolidate assets. "I believe generally that consolidation is good for the industry, and of course the steel industry is also trying to consolidate.'' Rio Tinto has already knocked back a merger proposal of three BHP Billiton shares for every Rio Tinto share, which is valued at about $US132 billion ($149.99 billion), based on current share levels. More>>

  • ( ) Jesse Jackson takes aim at FCC

    The Rev. Jesse Jackson -- the headliner among witnesses skedded to testify at a Federal Communications Commission hearing today on media consolidation -- charged the nation's top media regulator with harboring an "anti-diversity" agenda that seeks to placate minorities with "consolation" prizes.

    In a letter sent Tuesday to FCC chairman Kevin Martin and the agency's four commissioners, Jackson took issue with two of Martin's pet policies, a la carte cable subscriptions -- which Jackson called "an obsession" -- and leasing of digital broadcast channels to minorities.

    Martin has long pressed the cable TV industry for a la carte subs, arguing that consumers should be able to order -- and pay for -- only the channels they want. He has also pushed cablers on multicast must-carry, which would force cablers to carry as many as six digital channels that a broadcaster could transmit, taking up valuable channel space for cable ops. More>>

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