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Press Releases
The latest news and information from Deloitte LLP and its subsidiaries. Press releases date back approximately 12 months, with the most recent appearing at the top of the page. To receive the latest news and information from Deloitte—delivered to your desktop — sign up for our RSS feeds. Learn more from our media contacts or connect with us at a Deloitte event.
| Business Intelligence Luminary Richard T. Roth to Lead Deloitte Consulting LLP’s Global Benchmarking Center |
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November 7, 2007 |
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NEW YORK, Nov. 7, 2007 — Richard T. Roth, a luminary in developing world class benchmarking and research methodology for globally-recognized companies, has been admitted as a principal with Deloitte Consulting LLP. Roth will lead Deloitte’s Global Benchmarking Center (GBC) and is based in Atlanta. Most recently chief research officer at The Hackett Group, a highly rated global benchmarking and research firm, Richard brings more than 25 years of experience working with senior executives to help them in their efforts to achieve superior performance in areas of selling, general and administrative... |
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| Approval of AMT Relief Sets Stage for Budget Policy Showdowns |
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November 2, 2007 |
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WASHINGTON, D.C., November 2, 2007 – Yesterday’s approval of “The Temporary Tax Relief Act of 2007” by the U.S. House Ways and Means Committee sets the stage for Congress to choose budget discipline or political necessity as it grapples with Alternative Minimum Tax (AMT) relief and a growing federal deficit. Without the AMT relief, the number of taxpayers expected to owe AMT in 2007 would skyrocket from 3.6 million to 23 million taxpayers. Clint Stretch, managing principal of tax policy for Deloitte Tax LLP, offered the following commentary: “In a 22-13 party line vote, House... |
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| Yes, Virginia, There is a Santa Claus; Gift Buying is Expected to Hold Steady, Although Consumers Will Spend Less Overall |
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November 1, 2007 |
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NEW YORK, November 1, 2007 – While many Americans say they intend to spend less during this year’s holiday season, spending on gifts is expected to hold steady and the number of gifts consumers plan to give is up compared with 2006, according to the 22nd Annual Holiday Survey of retail spending and trends, commissioned by Deloitte. The survey shows that four in 10 consumers (41 percent) expect to reduce their spending this holiday season. Areas where spending is likely to be down include home improvements,... |
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| Deloitte's Insurance Sector Bolsters Distribution Team With Three Key Additions |
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November 1, 2007 |
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NEW YORK, November 1, 2007 – Deloitte & Touche USA LLP’s insurance sector announced today that it has added industry veterans Rick Berry, Ann Connolly and Don McNees to the organization, further strengthening Deloitte’s capabilities in distribution and channel management. “Industry leaders continue to re-examine their sales strategies,” said Rebecca C. Amoroso, vice chairman and national leader of Deloitte & Touche USA’s insurance sector. “Insurers are putting additional... |
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| Twenty Percent of U.S. Companies Would Consider Adopting IFRS, But More Training is Needed: Deloitte Survey |
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October 29, 2007 |
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NEW YORK, Oct. 29, 2007 – Preliminary results of a new survey by Deloitte & Touche LLP show that approximately 20 percent of CFOs and senior finance professionals (representing approximately 300 U.S. companies) would consider adopting International Financial Reporting Standards (IFRS), if given a choice by the U.S. Securities and Exchange Commission (SEC). Approximately two-thirds of those companies would consider adopting IFRS within the next three years. While interest in adopting IFRS exists, the survey results indicate that companies believe their personnel lack sufficient knowledge of IFRS to make the... |
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| Deloitte Leverages Virtual World To Engage Pre-college Students In An Online Business Simulation Competition |
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October 24, 2007 |
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NEW YORK, October 24, 2007 - Deloitte & Touche USA LLP launched Virtual Team Challenge for High Schools (VTCHS) - Event!, a new virtual reality version of its online business simulation and classroom curriculum competition for pre-college students. News Facts - The VTCHS presents an opportunity for high school students to confront real world business issues in an entertaining virtual world. Working in teams of four and competing against groups in their class, school and across the country, participants will act as an event production company staging a community festival to raise money for...
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| Deloitte Partners With CTIA to Announce First-Ever Wireless Fast 50 Rankings |
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October 23, 2007 |
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SAN FRANCISCO, October 23, 2007 — Deloitte & Touche USA LLP, in partnership with CTIA, the international association for the wireless telecommunications industry, announced the first-ever Wireless Fast 50, a ranking of the fastest growing wireless companies based on revenue growth over the past five years. Satellite technology pioneer SIRIUS Satellite Radio (NASDAQ: SIRI) achieved the top spot, with SkyBitz, TeleNav, BTI Systems and Tira Wireless rounding out the top winners, respectively. Wireless Fast 50 award winners were introduced today as part of the CTIA Wireless I.T. and Entertainment conference in San... |
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| SIRIUS Satellite Named Fastest Growing Company in Deloitte’s 2007 Technology Fast 500 Ranking |
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October 23, 2007 |
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SAN JOSE, Calif., October 23, 2007 — SIRIUS Satellite Radio Inc. (NASDAQ: SIRI) was named the fastest growing technology company in North America, topping the 2007 Deloitte Technology Fast 500 ranking of the fastest growing technology, media, telecommunications and life sciences companies in North America. The award is based on percentage revenue growth over five years (fiscal years 2002–2006). SIRIUS reported a revenue growth rate over five years of 79,060 percent, moving from revenues of $805,000 in 2002 to $637,235,000 in 2006. Based in New York City, SIRIUS ( |
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| Deloitte Releases Enhanced Reporting System for the Collateralized Debt Obligations Market |
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October 19, 2007 |
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NEW YORK, October 19, 2007 – Deloitte & Touche LLP (Deloitte & Touche) today announced the release of an enhanced version of Collateral Debt Obligation (CDO) Suite – a portfolio tracking, collateral compliance calculation and reporting system – that will meet new data format standardization guidelines from the Securities Industry and Financial Markets Association (SIFMA). The latest version of CDO Suite will improve the efficiency, transparency and usefulness of CDO reporting for investors by supporting SIFMA’s recently introduced standard for consistent CDO data file formats that are disseminated by CDO... |
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| Deloitte Research Leading Index Falls; Consumer Spending Likely to Reflect Economic Uncertainty |
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October 12, 2007 |
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NEW YORK, October 12, 2007 - The Deloitte Research Leading Index of Consumer Spending fell this month, driven primarily by falling home prices. “The index is showing signs of increasing volatility in 2007 with a mild downward trend,” says Carl Steidtmann, chief economist with Deloitte Services LP’s Deloitte Research and author of the monthly index. “The continued weakness in housing — exacerbated by the recent credit market turmoil — is driving this decrease, and there are no signs that the situation will... |
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