Archive: BearingPoint

Morning Brief: Stimulus to Fund Local Projects

Metro and Maryland have detailed how they will use some of their share of the stimulus package money. The Transportation Planning Board of the Metropolitan Washington Council of Governments approved $230 million in projects for Metro on Wednesday, including $40 million to replace its oldest buses and crumbling rail station...

By Alejandro Lazo | February 19, 2009; 10:20 AM ET | Comments (0)

BearingPoint Approves Plan to Boost Share Price

BearingPoint, the McLean information technology company whose stock has ceased being traded on the New York Stock Exchange, took steps on Friday to boost its share price so that it will be in compliance with the exchange's rules. Shareholders approved a plan for a reverse stock split at a one-for-50...

By Alejandro Lazo | December 5, 2008; 03:26 PM ET | Comments (0)

Morning Brief: BearingPoint Focuses on Debt

BearingPoint is stepping up its efforts to renegotiate its debt load. Kenneth A. Hiltz, a managing partner with the turnaround firm AlixPartners, takes over as the company's new chief financial officer. His job will be finding ways of conserving cash and negotiating with the company's lenders, BearingPoint said in a...

By Alejandro Lazo | November 11, 2008; 07:47 AM ET | Comments (0)

BearingPoint Trying to Renegotiate Debt

Troubles continue to mount for McLean's BearingPoint. The management and consulting firm said late on Wednesday that efforts to sell itself, or parts of its business, had gone nowhere and that it will now look to renegotiate the terms of some of its debt with lenders in order to comply...

By Alejandro Lazo | October 30, 2008; 11:55 AM ET | Comments (0)

BearingPoint Reports 2006 Results

The McLean management and technology consulting firm last night filed its 2006 results as its works to get back to timely financial reporting. The results shows a 1.6 percent gain in annual revenue over 2005 as losses narrowed. For 2007, BearingPoint reported bookings of $709.5 million for the first quarter...

By Dan Beyers | June 29, 2007; 06:34 AM ET | Comments (0)

 
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