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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.
| Deloitte Adds Support to CDO Suite for Loan/SERV Platform |
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July 1, 2009 |
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NEW YORK, July 1, 2009 — Deloitte released an enhanced version of its CDO Suite product, an asset administration, compliance, and reporting system designed to support a number of portfolio structures including hedge funds and collateralized debt obligations, which can help agent banks, lenders, and investors track, view, and reconcile loan positions. The new version of CDO Suite supports the data format guidelines from The Depository Trust & Clearing Corporation’s loan commitment position reconciliation service. The software helps Deloitte’s CDO Suite clients automate syndicated loan processing and allows users to... |
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| Points of Light Institute Honors Deloitte |
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June 24, 2009 |
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SAN FRANCISCO, June 24, 2009 — Deloitte, one of the world’s leading professional services organizations, will be honored today with the Points of Light Institute’s prestigious Corporate Engagement Award of Excellence. The award will be presented during the 2009 National Conference on Volunteering & Service in San Francisco. Mark Edmunds, Deloitte LLP vice chairman and Pacific Northwest regional managing partner, will accept the honor on behalf of Deloitte. Deloitte’s workplace volunteerism program is designed to use the best thinking of the organization’s people in order to... |
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| Don't Blame the Recession: Despite Productivity Gains, U.S. Businesses Return-on-Assets have Plummeted 75 percent since 1965 |
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June 23, 2009 |
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SAN JOSE, CA, June 23, 2009 — Deloitte’s Center for the Edge today unveiled the “Shift Index,” a new economic indicator that suggests the current recession is masking long-term competitive challenges for U.S. businesses. Among the key findings, U.S. companies’ return-on-assets (ROA) have progressively dropped 75 percent from their 1965 level despite rising labor productivity. Even the highest performing companies are struggling to... |
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| Deloitte Finds Insurance M&A Likely to Increase in Late 2009 |
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June 22, 2009 |
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NEW YORK, June 22, 2009 — With many insurers and financial institutions looking to fund potential capital shortfalls by divesting non-core insurance businesses at attractive valuations, strategic buyers and sovereign wealth funds may be able to expand into new markets through acquisition, according to Deloitte’s "The 2009 Insurance M&A Outlook: Opportunity in an Uncertain Environment," released today. “As we entered 2009, the primary challenge for some life and property and casualty (P&C) insurance companies had shifted from finding ways to deploy excess capital to... |
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| Deloitte Study Provides Insight for Effective, Efficient Implementation of Stimulus Projects |
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June 17, 2009 |
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WASHINGTON, D.C., June 17, 2009 — Today, Deloitte released "Going Beyond Compliance," a guide for local, state and federal agencies responsible for implementing projects and distributing stimulus funds under the American Recovery and Reinvestment Act (ARRA). The 2009 stimulus package provides a significant level of spending on infrastructure and mandates both speed and an unprecedented degree of transparency and accountability. According to the Deloitte study, these seemingly competing... |
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| Global Economic Downturn Driving Evolution of Venture Capital Industry, According to Study by Deloitte and National Venture Capital Association |
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June 10, 2009 |
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NEW YORK, June 10, 2009 — The global economic downturn has many venture capitalists altering strategies, including reducing investment levels in the short term, according to the 2009 Global Venture Capital Survey by Deloitte Touche Tohmatsu and the National Venture Capital Association. Fifty-one percent of the survey respondents are decreasing the number of companies in which they plan to invest and just 13 percent are increasing this activity. The 2009 Global Venture Capital survey, which measured the opinions of more than 700 venture capitalists worldwide, also shines headlights into the post-recession landscape.... |
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| Deloitte Announces Historical Milestone, Tops 1,000 Women Partners, Principals and Directors |
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June 9, 2009 |
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NEW YORK, June 9, 2009 — Deloitte LLP announced today that it has reached a milestone in the organization’s history by exceeding the 1,000 mark for U.S. women partners, principals and directors. This achievement reflects Deloitte’s enduring commitment to enhancing the pipeline of women and minority leaders through its Initiative for the Retention and Advancement of Women (WIN). “We take great pride in reaching this major achievement," said |
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| Deloitte Consumer Spending Index Continues Downward |
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June 9, 2009 |
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NEW YORK, June 9, 2009 — The Deloitte Consumer Spending Index declined again in May, driven downward primarily by the housing market. The Index attempts to track consumer cash flow as an indicator of future consumer spending. “The year over year pace of decline in real consumer spending appears to have stabilized, however, recovery is being delayed by a sharp increase in consumer savings, which has risen to 5.7 percent from zero a year ago,” said Carl Steidtmann, chief economist with Deloitte Research, a subsidiary... |
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| Manufacturing Ranked No. 1 Industry for Economic Prosperity |
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June 9, 2009 |
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NEW YORK, June 9, 2009 - Despite more than a year of bad news as the manufacturing sector continues to contract, a new annual index released today by Deloitte LLP and The Manufacturing Institute shows that Americans view manufacturing as the most important industry for a strong national economy. There is a wide perception gap, however, between the public's highly positive views of manufacturing's contributions to America's economic success and their negative views about pursuing a career in manufacturing. The survey, "Public Viewpoint on Manufacturing," which assessed public perceptions and understanding of a wide... |
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| Deloitte Named A 2009 Best Company For Multicultural Women By Working Mother |
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June 6, 2009 |
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NEW YORK, June 6, 2009 — For the fourth consecutive year, Deloitte has been named one of the best organizations in the United States for multicultural women by Working Mother magazine. The annual ranking salutes the top 20 U.S. companies for their commitment to workforce diversity and inclusion. “Maintaining a culture where all of our people, regardless of their gender and backgrounds, can have a rich and rewarding career is paramount to our culture,” said Cathy Benko, chief talent... |
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