Press Room
This page contains the most recent 8 weeks worth of Grant Thornton press releases. For archived releases, or to find a media resource, visit the "Press room" subsections listed at right.
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Current Press Releases
July 27, 2010 Grant Thornton LLP says rebound in auto supplier R&D spending may be tempered by scarce capital
Auto suppliers fighting for survival in North America during the recession may have cut their capital expenditures and research and development budgets too deeply and now face an uphill, ultra-competitive battle to attract new investors, according to Grant Thornton LLP’s Corporate Advisory & Restructuring practice.
July 26, 2010 Grant Thornton LLP admits 22 new partners and principals to the firm
Grant Thornton LLP admitted 22 new partners and principals to the firm, effective August 1. These partners and principals are based throughout the firm’s offices across the country.
July 20, 2010 Grant Thornton Corporate Finance report shows marketing services M&A activity returning to pre-recession levels
Merger and acquisition (M&A) activity within the marketing services sector has returned to pre-recession levels, when measured by the number of transactions, according to a new report on the marketing services sector by Grant Thornton Corporate Finance.
July 14, 2010 New Grant Thornton LLP study, “The Evolving Accounting Talent Profile: CFO strategies for attracting, training and retaining experienced accounting professionals,” finds ‘soft skills’ biggest challenge in hiring accounting professionals
Grant Thornton LLP today announced the release of a new report titled The Evolving Accounting Talent Profile: CFO strategies for attracting, training and retaining experienced accounting and finance professionals.
July 8, 2010 Grant Thornton LLP’s Corporate Advisory & Restructuring Services aids successful Chapter 11 exit for Flying J, Inc. on behalf of the Official Committee of Unsecured Creditors
Flying J, Inc. (the “Company”), one of the largest retail distributors of diesel fuel in North America serving the trucking and freight industry, has emerged from Chapter 11 bankruptcy protection, with the aid of Grant Thornton LLP, who served as the financial advisor to the Official Committee of Unsecured Creditors (“the Committee”) and Pachulski Stang Ziehl & Jones LLP, who served as counsel to the Committee.
July 6, 2010 Grant Thornton LLP discusses the effects of carbon legislation on independent power producers
In a new white paper – The effects of carbon legislation on independent power producers – Grant Thornton LLP Corporate Advisory & Restructuring Services professionals discuss the impact of pending legislation, issues to be considered by the Independent Power Producers, including capital investment, risk management and trading and hedging.
July 6, 2010 Grant Thornton LLP white paper identifies emerging trends in the convenience store market
Grant Thornton’s national Retail practice has created a new white paper, A roadmap to success: Convenience stores on the fast track, to help convenience store companies identify trends affecting the industry. The white paper touches on both big-picture trends, such as merger and acquisition activities, as well as trends in technical areas that may get overlooked as executives grapple with strategic issues.
June 28, 2010 Grant Thornton pleased with Supreme Court decision regarding PCAOB
Grant Thornton statement on the Supreme Court decision regarding the Public Company Accounting Oversight Board (PCAOB).
June 24, 2010 33% of banks have gone to the market to raise capital or will go to market to raise capital
According to Grant Thornton LLP’s 17th Bank Executive Survey, conducted in conjunction with Bank Director magazine, one-third (33%) of bankers said that their bank was very likely to go the market to raise capital in the next 12 months (22%) or has already successfully gone to the market to raise capital (11%).
June 23, 2010 Grant Thornton LLP’s Corporate Advisory and Restructuring Services aids successful Chapter 11 exit for Saratoga Resources, Inc.
Saratoga Resources, Inc., an independent energy exploration and production company, with offices in Houston, and Covington, Louisiana, has emerged from Chapter 11 bankruptcy protection with the aid of restructuring advisor Grant Thornton LLP.
June 21, 2010 Grant Thornton LLP announces update to U.S. IPO Market Study
Grant Thornton LLP’s Capital Markets Group today announced the release of Market structure is causing the IPO crisis — and more, the groundbreaking study with new and updated data that further analyzes the initial public offering crisis, including its impact on unemployment in the U.S., and solutions to reinvigorate the growth economy through improvements to equity market structure.
June 18, 2010 Big jump in number of bank execs that expect the economy to improve in next six months
According to Grant Thornton LLP’s 17th Bank Executive Survey, conducted in conjunction with Bank Director magazine, the majority of bankers are optimistic about the U.S. economy in the coming months, with 45 percent expecting it to improve in the next six months. This is a statistically significant improvement over how bankers felt about the U.S. economy six months ago when less than one-quarter (24%) said that they expected the economy to improve. On the job front, a quarter of bankers say that their bank will increase hiring in the next six months, up from 18 percent in December; while the number of banks that plan to decrease staff has dropped slightly to 16 percent from 18 percent in December.
June 3, 2010 Private companies look for greater transparency in global financial reporting
More than half of leaders of private companies globally (52%) and in the United States (54%) believe that greater transparency is a key benefit of financial reporting, according to latest research from the Grant Thornton International Business Report 2010. The research covers the opinions of more than 7,400 private business owners in 36 countries. Private companies in Ireland, the Philippines and Taiwan were the most enthusiastic about greater transparency, with 85 percent of businesses citing greater transparency as a key benefit.
June 2, 2010 Thomson Reuters launches Certified Implementer Program for accounting and consulting firms
Grant Thornton LLP is the first firm to be named Certified Implementer of Thomson Reuters ONESOURCE (R) corporate tax solutions, offered by the Tax & Accounting business of Thomson Reuters.
June 2, 2010 Grant Thornton LLP Business Optimism Index returns to pre-crisis level
Grant Thornton LLP’s Business Optimism Index, a quarterly survey of U.S. business leaders, increased significantly to 67.6 in May from 58.8 in February. Business leaders are becoming much more optimistic, with 63 percent expecting the U.S. economy to improve in the next six months, up from 43 percent in February. The hiring outlook is the best it has been since 2007 – 44 percent of business leaders report that their companies will increase hiring in the next six months, with only 12 percent saying that their companies will decrease the number of people they employ.
