In June 2006, Mitchell & Titus, LLP, the nation's largest minority-owned accounting firm, announced that it would be merging with Ernst & Young Global Limited. Recently, this seems to be official with M&T joining as a member of the global EY organization. M&T will maintain its brand name and continue to operate under its current ownership. As one of the top 100 accounting firms in the county, it has 125 staff and will continue to be a minority-owned business.
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BearingPoint, Inc. (NYSE: BE) reached agreement with its bondholders to provide higher interest rates in exchange for change in terms and the chance to resolve potential default. We reported earlier that a New York state court has found BE (NYSE: BE) in bond default since it had failed to file its 2005 10-K. In this agreement, bond holders waive the filing requirement but get higher bond interest rates, drop their lawsuit and relax their covenants. BearingPoint also got some timing waivers on filing its 10K and 10Q documents...
















































