In filings with the Securities and Exchange Commission, EMC Corp. said that it is cooperating with a Justice Department investigation of fee arrangements the storage maker has with system integrators in the federal market.
With the national economy in a deep recession and the Obama administration putting billions of dollars into recovery and bailout programs, venture capital firms are simultaneously cautious about new investments and guardedly optimistic about the future.
More than two dozen federal contractors guilty of fraud and illegal activity still managed to win millions of dollars in contracts, according to a new GAO report.
Officials intend to review sole-source contracts and cost-type contracts, which offer awards for good performance, while clarifying the types of work only government employees can do.
The Homeland Security Department has modified its investment review process and is strengthening procurement, according to its management undersecretary, Elaine Duke.
The Environmental Protection Agency has awarded contracts to 23 companies to develop green technologies as part of its small business innovation research program.
The department plans to release soon requests for proposals for the modernization of two programs -- its foreign intelligence network and enterprise content management system.
Rep. Ed Towns has scheduled a hearing to examine whether more anti-fraud protections are needed in the economic stimulus package to guard against "convicts and con artists."
