DIRS.INFO The most relevant business & tech news

☆ EY appoints company veteran Janet Truncale as global CEO
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

A general view of Ernst & Young Global Limited Headquarters in London in London, Britain April 15, 2023. REUTERS/Maja Smiejkowska/File Photo Acquire Licensing RightsCompanies Ernst & Young LLP FollowNov 15 (Reuters) - Ernst & Young has appointed insider Janet Truncale as global chief executive, replacing Carmine Di Sibio starting July 2024, the accounting firm said on Wednesday. Truncale, the regional managing partner at EY Americas, has spent more than 30 years at the firm after joining as an intern. Di Sibio was appointed to the top role in 2019. Reporting by Jose Joseph in Bengaluru; Editing by Arun Koyyur and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Ernst, Maja Smiejkowska, Young, Janet Truncale, Carmine Di Sibio, Truncale, Di Sibio, EY, Jose Joseph, Arun Koyyur Organizations: Ernst & Young Global, REUTERS, Ernst, EY, Financial Times, Thomson Locations: London, Britain, Bengaluru

☆ US energy firm payouts to oil investors top exploration spending for first time
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

The outlook for stronger energy prices has not changed the focus on investor returns from the U.S. industry, according to the report's authors, Ernst & Young LLP. Last year's investor payouts were up substantially - 214% over 2021 and more than sevenfold over 2020 levels, the report said. Money spent on finding and tapping oil and gas also rose, but as a much slower pace. Returns benefited from strong oil and gas pricing and a cost-consciousness that emerged after energy prices collapsed three years ago. Profit per barrel last year hit $32 compared to about $10 in 2014, when energy prices were about the same level as today, EY said.

Persons: Liz Hampton, Ernst, Young, Money, Bruce, EY, Gary McWilliams, David Gregorio Our Organizations: REUTERS, Rights, U.S, Young LLP, DiamondBack Energy, Natural Resources, ConocoPhillips, Thomson Locations: Midland, Odessa, Texas, U.S

☆ Smaller Banks’ Critical Role in Economy Means Distress Raises Recession Risks
▼ + stars: | 2023-03-19 | by ( Gwynn Guilford | ) www.wsj.com time to read: 1 min

Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth and raising the risk of a recession. “The risk in terms of the spark from SVB is real,” said Greg Daco , chief economist at EY-Parthenon, a strategy consulting unit of Ernst & Young LLP. The collapse of Silicon Valley Bank set off fear among depositors that led to the failure of Signature Bank and the move to rescue First Republic Bank .

☆ Business Technology Chiefs Question ChatGPT’s Readiness for the Enterprise
▼ + stars: | 2023-02-15 | by ( Angus Loten | Chris Bedi | ) www.wsj.com time to read: +7 min

Yet some business-technology professionals are uneasy about integrating it into the enterprise stack, citing concerns over its use of online data and security risks. But at the moment, ChatGPT “should be used with caution in an enterprise business setting,” she said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. For now, Mr. Schmidt said, generative AI capabilities should be reserved for writing corporate boilerplate—product or service announcements, or other promotional materials. For enterprise information-technology, “ChatGPT use cases might be a smaller universe than people are imagining,” he said.

On the heels of Tuesday's lower-than-expected inflation reading, the Federal Reserve is expected to tap the brakes Wednesday on its aggressive rate-raising plan designed to cool price growth in the U.S. economy. In addition to the slower price growth, layoff announcements are mounting. Notably, demand for bonds has increased, reflecting growing interest in more stable returns that are often correlated with slower economic growth. Out with inflation worries, in with recession fearsKey stock market gauges, meanwhile, continue to decline on concerns about flagging corporate earnings. If it was still worried about inflation, then interest rates, energy and banks would all be higher.

Consumer price growth cooled in November, indicating a slowing economy and a sign that the Federal Reserve's aggressive rate-raising campaign to fight inflation is starting to pay off. On a year-over-year basis, inflation hit 7.1%, a slowdown from the 7.7% in October and lower than the 7.3% expected by analysts. On a monthly basis, inflation climbed just 0.1%, compared to 0.4% in October. Still, there are signs across the economy that price growth is cooling. Last week, an alternative measure of inflation that tracks producers of goods and services also showed slowing price growth.

☆ U.S. watchdog levies $7.7 mln in fines against KPMG entities
▼ + stars: | 2022-12-07 | by ( Chris Prentice | ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - A U.S. agency tasked with overseeing the audits of public companies on Tuesday said it imposed $7.7 million in fines and sanctioned three firms across KPMG's global network for violations of professional auditing standards, quality control standards and other rules. The companies are all member firms of KPMG, known as one of the "Big Four" accounting firms, which also include Deloitte & Touche LLP, Ernst & Young LLP and PricewaterhouseCoopers LLP. Larry Bradley, global head of audit at KPMG, acknowledged the PCAOB's findings and said the firm "remains committed globally to the highest standards of quality and integrity." The PCAOB also barred or suspended four KPMG auditors from participating in public company audits. Reporting by Chris Prentice; editing by Jonathan Oatis, Aurora Ellis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
▼ + stars: | 2022-11-13 | by ( Mark Maurer | ) www.wsj.com time to read: +8 min

The PCAOB, which began inspections of China-based audits in September, will decide by year-end whether China is complying with the agreement. “We do not know if these firms, especially in the U.S., have been adequately supervising the Macau firms,” she said. The Macau firms’ work isn’t immune from PCAOB inspection. PwC Macau is a separate legal entity, but it is run as part of the firm’s China operations, a spokesman said. “The China firm is taking responsibility, treating it as a branch office,” Ms. McKenna said.

☆ 3Pillar Global расширяет свое присутствие в Европе, открывая новый Центр разработок в Молдове
▼ + stars: | 2021-07-07 | by ( ) newsmaker.md time to read: +5 min

3PiIIar Global, одно из ведущих предприятий в индустрии разработки инновационных цифровых продуктов, сегодня объявила о дальнейшем расширении своей деятельности в Европе, которое ознаменуется открытием нового центра разработки в Кишиневе, Республика Молдова. Учреждение нового европейского центра поставки в Молдове расширяет присутствие компании 3Pillar в регионе и стало возможным благодаря недавним приобретениям фирмы. В настоящее время штат компании во всем мире состоит из более 1.800 специалистов в сфере разработки цифровых продуктов и инновационных стратегий в 7 странах. 3Pillar Global принимает на работу специалистов, готовых присоединиться к команде в Молдове. 3Pillar Global разрабатывает революционное программное обеспечение, способствующее функционированию фирм, деятельность которых сопряжена с цифровыми технологиями.

Persons: 3Pillar, Frost, Sullivan, Forrester, Young, 3Pillar –, Джейми Уитэкр, Диана Боканяла, Дэвид ДеВольф, Дэвид девольф, Джессика Холл Organizations: 3PiIIar, 3Pillar, Software, Tiempo Development, Software Solutions, 3PiIIar Inc, Product Development, Washington, Work Institute, Ernst, PBS Locations: 3Pillar, Европа, Кишинев, Республика Молдова, Молдова, костарик, Мексика, Аризона, Чешская Республика, Румыния, США, Индия

☆ Noi oportunități pentru profesioniștii din IT: compania de top 3Pillar Global își extinde prezența europeană cu un centru de dezvoltare în Moldova
▼ + stars: | 2021-07-07 | by ( Onixmedia Srl | ) diez.md time to read: +4 min

Noi oportunități pentru profesioniștii din IT: compania de top 3Pillar Global își extinde prezența europeană cu un centru de dezvoltare în Moldova3Pillar Global, companie de top din industria dezvoltării de produse digitale inovatoare, și-a anunțat astăzi extinderea în continuare în Europa, odată cu deschiderea unui nou centru de dezvoltare în Chișinău, Republica Moldova. În 2020, 3Pillar a achiziționat firma de dezvoltare software Isthmus Software din Costa Rica și a inaugurat un centru de livrare în Mexic prin achiziționarea firmei Tiempo Development din Arizona. Cel mai recent, 3Pillar a achiziționat SDE Software Solutions, care a adăugat noi membri în echipele centrelor de livrare din Republica Cehă. 3Pillar Global angajează specialiști care să se alăture echipei din Moldova. 3Pillar este partener de dezvoltare a produselor inovatoare, soluțiile căruia contribuie la creșterea rapidă a venitului, a cotelor de piață și a bazei de clienți pentru lideri din industrie precum CARFAX, Fortune și PBS.

Persons: Jamie Whitacre, 3Pillar, Diana, Frost, Sullivan, Forrester, David DeWolf, Ernst, Young, Jessica Hall Organizations: Global, Product Development, Washington Post Top, Atlantic Award, PBS, Product Locations: Moldova, Europa, Chișinău, Republica Moldova, Costa Rica, Mexic, Arizona, Republica Cehă, România, SUA, India, Great, Mid, Atlantic

☆ Noi oportunități pentru profesioniștii din IT: Compania de top 3Pillar Global se extinde cu un centru de dezvoltare în RM
▼ + stars: | 2021-07-07 | by ( ) www.jurnal.md time to read: +5 min

Sursa foto: Jurnal.mdNoi oportunități pentru profesioniștii din IT: Compania de top 3Pillar Global se extinde cu un centru de dezvoltare în RMFAIRFAX, VA – 3Pillar Global, companie de top din industria dezvoltării de produse digitale inovatoare, și-a anunțat astăzi extinderea în continuare în Europa, odată cu deschiderea unui nou centru de dezvoltare în Chișinău, Republica Moldova. În 2020, 3Pillar a achiziționat firma de dezvoltare software Isthmus Software din Costa Rica și a inaugurat un centru de livrare în Mexic prin achiziționarea firmei Tiempo Development din Arizona. Cel mai recent, 3Pillar a achiziționat SDE Software Solutions, care a adăugat noi membri în echipele centrelor de livrare din Republica Cehă. 3Pillar Global angajează specialiști care să se alăture echipei din Moldova. 3Pillar este partener de dezvoltare a produselor inovatoare, soluțiile căruia contribuie la creșterea rapidă a venitului, a cotelor de piață și a bazei de clienți pentru lideri din industrie precum CARFAX, Fortune și PBS.

Persons: RM FAIRFAX, Jamie Whitacre, 3Pillar, Diana, Frost, Sullivan, Forrester, David DeWolf, Ernst, Young, Jessica Hall, Kellie Organizations: RM, VA, Global, Product Development, Washington Post Top, Atlantic Award, PBS, Product Locations: Europa, Chișinău, Republica Moldova, Moldova, Costa Rica, Mexic, Arizona, Republica Cehă, România, SUA, India, Great, Mid, Atlantic

Search resuls for: "Young LLP"

11 mentions found