Spend Matters Friday Latte

Hey! Webinar next week!
Conflict Minerals - A Sourcing Manager's Legislative Guide to Implementing Frank-Dodd -- MetalMiner along with sponsor Aravo have come together to bring you the latest on how the Frank-Dodd conflict minerals legislation will affect your organization. Lisa Reisman, Editor of MetalMiner, will provide opening remarks and then pass the program to Lawrence M. Heim, who leads the conflict minerals practice and is director with The Elm Consulting Group International LLC. Lawrence will provide some background around the legislation and the current status of regulations, as well as key definitions and concepts. He will then move into discussing current challenges that leading organizations face and considerations they can take to successfully integrate the legislation into their sourcing practices.

Squeezing in some spend management.
An Airline Eases Seat Squeeze; Will Others Follow? -- German airline Lufthansa shoehorned 8% more seats into some of its planes by squishing rows of new seats two inches closer together. Passengers love it. "When the guy in front of me put his seat back, I still had a good four to five inches in front of my burgeoning belly," said frequent traveler Darren Mak of Winnipeg, Canada, who has a bad back but felt good, firm support.

200 Chinese Subsidies Violate Rules, U.S. Says -- Under pressure from Congress to do more to confront China on economic issues, the Obama administration has notified the World Trade Organization of nearly 200 Chinese subsidy programs, saying many of them may violate free trade rules. Ron Kirk, the United States trade representative, said in a statement on Thursday that many of the subsidies had been identified in a yearlong American inquiry into how the Chinese government helped bankroll the rapid growth of its clean energy industries. In solar and wind power, in particular, American companies have had trouble keeping up with Chinese competitors.

A settlement.
Oracle Settles U.S. Agency Overbilling Case for $199.5 Million -- Oracle Corp., the world's second- biggest software maker, agreed to pay more than $199.5 million to settle allegations it overbilled the U.S. government for nine years. The accord resolves a lawsuit claiming Oracle induced the General Services Administration to buy $1.08 billion in software from 1998 to 2006 by falsely promising the same discounts offered to favored commercial customers. The Justice Department, which pursued the case after joining a whistleblower lawsuit, and Oracle announced the settlement yesterday.

Sheena Moore

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