KPMG Wins Key Valuation of Airbus Stake

It appears that KPMG has won a surprise high profile valuation engagement for valuing BAE System's 20% stake in Airbus. BAE will be exercising its put option to sell its share to the 80% holder EADS, which would make EADS the sole shareowner of Airbus...

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CapGemini Tells You More About the Uber-Rich

CapGemini and Merrill Lynch recently released their 10th annual World Wealth report with some astounding numbers. In 2005, there were 8.7 million high net worth individuals (HNWIs: people with net financial assets of at least US$1 million, excluding primary residence and consumables), who had US$33 trillion of assets, averaging to $3.8 million per...

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Tracy Wood, Ernst's Youngest Partner Named Top Businesswoman

Tracy Wood became the youngest partner ever in Ernst & Young's history in exactly a year ago in July 2005, at the age of 28 and just four years after she joined the firm's Manchester office. Recently and well-deservedly, she was named as one of UK's top 35 businesswomen under 35 by the magazine Management Today. Congratulations to Tracy for this accomplishment... 

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BearingPoint Stock Upgraded, But Long Way To Go Yet

BearingPoint (NYSE: BE) was recently upgraded by Standard and Poors from 2 stars (sell) to 3 stars (hold), the analyst cited that price declines had led to the stock below $8, and the valuation was compelling. The analyst thinks that the company will earn an EPS of 40 cents due to recent successes in securing contracts. The year-out price target is $8.50 for a P/E of 21...

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KPMG Tax Case: See-Sawing

KPMG defendants, 16 partners accused of creating illegal tax shelters for wealthy clients got a break from Judge Kaplan when he ruled that prosecutors had unconstitutionally pressured KPMG to withhold paying their legal fees. Apparently, government prosecutors had gently leaned upon KPMG to stop paying huge legal bills in defence of their ex-partners, so that the firm could potentially avoid being criminally indicted...

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Accenture (NYSE:ACN) Beats Street, Cheery Forecast Propels Stock

Just a few days ago, Accenture (NYSE: ACN) reported its third quarter (ending May 31,2006) results, beating Wall Street expectations and providing a cheery outlook for the year. There was no bad news this quarter as opposed to the previous quarter where Accenture (NYSE: ACN) had to go on the defensive to explain large charges relating to the National Health Services contract in the UK...

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Deloitte & Touche Acquires BDO to Bulk Up in Australia

We hear that the rumored acquision of BDO by Deloitte has just been completed. Deloitte lags behind the leader PricewaterhouseCoopers and Ernst & Young / KPMG in number of employees in Australia. Deloitte Growth Solutions purchases only the Melbourne office of BDO for an undisclosed sum, the other Australian offices of BDO are unaffected. This bolsters Deloitte's top line and number of employees enabling it to compete in an increasingly competitive marketplace where bench strength is a critical factor to secure client engagements...

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