http://www.pwc.com Internationally issued press releases from PricewaterhouseCoopers en-en 2008 PricewaterhouseCoopers LLP (US) http://www.pwc.com/images/topnav/pwc.gif http://www.pwc.com http://www.pwc.com/extweb/ncpressrelease.nsf/docid/47402457574F39F0852574EC0051A0E9 Press Statement http://www.pwc.com/extweb/ncpressrelease.nsf/docid/47402457574F39F0852574EC0051A0E9 Fri, 24 Oct 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/31479FE5AF3412CF852574D4005641AA Revenue growth remained buoyant across all three of PwC's main service offerings. Growth from PwC's advisory business increased by 14 per cent to US$6.9 billion, driven by good performances in all major markets, a fast maturing consulting business which continues to grow market share and a very strong performance from transactions related business, despite the slowing market for mergers and acquisitions. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/31479FE5AF3412CF852574D4005641AA Tue, 30 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/95B13FAEFB497224852574D40057B1F7 Following the ratification of its new network structure PricewaterhouseCoopers today announced the following appointments to its Network Executive Team (NET). The NET, which reports to PwC's Network Leadership Team will be responsible for key service line and functional areas across the PwC network. The appointments were announced by PricewaterhouseCoopers' Global CEO Samuel A. DiPiazza, Jr. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/95B13FAEFB497224852574D40057B1F7 Tue, 30 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/C6D355BF2B534128852574CD0069CEDB Increasing fuel costs, CO2 emissions reductions, fluctuating exchange rates, shifts in consumer behaviour and a challenging economic climate are just some of the issues facing the automotive industry according to the latest PricewaterhouseCoopers report Global Automotive Perspectives 2008. Global Automotive Perspectives 2008 predicts that 2008/9 are set to include profound industrial shifts and challenges for the automotive industry, as it responds to a fast growing array of commercial and regulatory pressures. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/C6D355BF2B534128852574CD0069CEDB Tue, 23 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/807A35318A7DC773852574C7004D99E9 A new index from PricewaterhouseCoopers confirms China and India's position as the leading outsourcing locations for the pharmaceutical industry but highlights how the nature of such outsourcing is changing dramatically. The index, in a report titled “The changing dynamics of pharma outsourcing in Asia- are you readjusting your sights?” ranks Asian countries according to cost, risk and market opportunity. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/807A35318A7DC773852574C7004D99E9 Wed, 17 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E8734AE1C0D81D6D852574BE0066CEA4 Acquisition of leading Enterprise Asset Management consulting firm assets and resource expertise extends PwC's EAM implementation capabilities. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E8734AE1C0D81D6D852574BE0066CEA4 Mon, 08 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A1932CBD60C7CCD7852574AB004D416A Beginning 1 October, PwC's network will be organised into three major geographic clusters led by the Senior Partner of the largest national firm in each cluster. The cluster leaders will coordinate and facilitate activities across the cluster. The East Cluster will be led by Silas Yang, Senior Partner of PwC China, the Central Cluster by Ian Powell, Senior Partner of PwC UK and the West Cluster by Dennis Nally, Senior Partner of PwC US. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A1932CBD60C7CCD7852574AB004D416A Wed, 20 Aug 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/0753C9CCDBBF0F1C8525746A005C3B7C A report by PricewaterhouseCoopers, 'Mine – As good as it gets?', shows that while revenues of the top 40 mining companies grew by 32% in 2007, costs increased by 38%, thereby reducing margins. The fifth annual report provides a comprehensive analysis of the financial performance and position of the global mining industry and also discusses current trends in the global mining industry. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/0753C9CCDBBF0F1C8525746A005C3B7C Mon, 16 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B8CBBC8187F94AA88525746A0058EE37 Based on the recommendations of its Global Communities Board, PwC will partner with the UNHCR to raise funds to provide facilities and education on a sustainable basis at camps in Chad for refugee children from Darfur. PricewaterhouseCoopers leadership has committed to contributing $200,000 to the effort, called the Power of 10, and the global PwC organisation is seeking additional contributions from its partners and staff as well as friends and family, with the hope that its global organisation will far surpass that amount. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B8CBBC8187F94AA88525746A0058EE37 Mon, 16 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E516D4BA10508C5085257464006AABE4 Cost is the primary driver of global sourcing decisions, yet 21% of respondents do not know what savings to expect. Worryingly the survey of nearly 60 retail and consumer goods' companies found that one-quarter of respondents did not know what their actual savings were. Companies from Australia, Canada, China, France, Germany, India, the UK and the US took part in the survey, 44% of whom source more than US$500 million of product globally each year and 27% source more than $US 1 billion globally. Despite recent and ongoing robust growth in global sourcing, companies are clearly still challenged with some basic elements. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E516D4BA10508C5085257464006AABE4 Tue, 10 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D81AA63AC60610E08525745D004EB7BD PricewaterhouseCoopers has been named one of DiversityInc's “Top Companies for Global Diversity", a new select list of five top companies chosen for their strong commitment to creating a diverse and inclusive global culture. This is the first time DiversityInc has put together a global list. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D81AA63AC60610E08525745D004EB7BD Tue, 03 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A02675154115D1808525745800745803 Deal making in the global industrial manufacturing industry is growing strongly and looks set to remain at high levels in both the near and longer term future. A new report by PricewaterhouseCoopers 'Producing Value', finds that both deal numbers and values are increasing. Given that many sectors remain extremely fragmented, there is also excellent potential for securing cost synergies, particularly among small and middle-market targets. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A02675154115D1808525745800745803 Thu, 29 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5A17692370DF436D85257447004E84E6 The survey found that companies in Canada are subject to 49 different taxes and 18 other payments to governments at the federal, provincial and municipal level. Adding to the complexity of Canada's tax system, companies are subject to more than 200 possible “taxing points” -- the number of tax obligations a business would be required to fulfill if it were subject to all taxes in all jurisdictions. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5A17692370DF436D85257447004E84E6 Mon, 12 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/6403DE4054BD95538525744300604E61 Sweeping changes lie ahead in the power utilities industry, according to the latest Utilities Global Survey by PricewaterhouseCoopers. The 2008 report, A World of Difference, marks the tenth anniversary of the annual survey of 118 senior executives in 37 countries and reveals a sector that is anticipating wide scale transformation in the decade ahead. The changes they predict include a different technological landscape and structure of the sector in the future. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/6403DE4054BD95538525744300604E61 Thu, 08 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/926FCCE82A46BE19852574430063E211 Currency is one of the biggest issues facing the forest, paper and packaging industry around the world, in particular Canada and Europe. But the news is not all bad for the global industry. According to findings released today by PricewaterhouseCoopers (PwC) at its 21st annual Global Forest and Paper Industry Conference in Vancouver, the southern hemisphere and other emerging markets (Central America, South America and non-Japan Asia) are prospering, in particular due their use of new technologies, fertile soil and low wood costs. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/926FCCE82A46BE19852574430063E211 Thu, 08 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/29750A9959E581238525743400563933 The report, Managing People in a Changing World- Key Trends in Human Capital – A Global Perspective 2008, shows how companies can plot levels of engagement for an entire work force by looking at data relating to resignation levels, absence rates, employee attitudes, training hours per full-time employee (FTE), performance related pay and incidence of grievance. These range from the high levels of engagement that produce positive behaviours such as flexibility and innovation to the other end of the scale where companies experience resignations, absence, pilfering, theft, oppositional solidarity, even sabotage. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/29750A9959E581238525743400563933 Wed, 23 Apr 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/614F36CC00B935EC852574340055BAAF Deal making in the global metals sector soared to unprecedented levels during 2007 and is up 67% on the previous year, despite the impact of the credit crunch. 'Forging Ahead', the latest study of mergers and acquisitions (Mergers and Acquisitions) in the sector by PricewaterhouseCoopers, also found there have been dynamic shifts of focus- from steel to aluminium and away from Western Europe to the new Mergers and Acquisitions hotspot of North America. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/614F36CC00B935EC852574340055BAAF Wed, 23 Apr 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E7576DCD340D8E76852574340055CF15 The rising cost of chronic diseases, including direct medical costs and indirect costs associated with lost productivity, is a growing burden for businesses, according to research prepared by PricewaterhouseCoopers in conjunction with the World Economic Forum. The report warns that over the next 25 years chronic disease will reduce the available labour supply, savings, investments and ultimately affect the capital markets, and outlines the business rationale for workplace wellness programmes. It states that in an interdependent global economy, chronic conditions such as cardiovascular disease, diabetes and respiratory illness, are creating a significant societal risk that threatens health systems and economic sustainability. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E7576DCD340D8E76852574340055CF15 Wed, 23 Apr 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/980AD6A9091C66F38525741D007AE156 The research, conducted by PwC's Gender Advisory Council, gathered perspectives from 79 female leaders within PwC's global network on issues pertaining to women in leadership roles. It sheds light on the various obstacles faced by women as they rise within the ranks of professional services firms. The report provides recommendations on how to build corporate gender diversity in order to increase the bottom line while still promoting the advancement of women in the workplace. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/980AD6A9091C66F38525741D007AE156 Mon, 31 Mar 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/AEC503BBF9F4BCFE8525740A005510C3 Carrie, who is responsible for coordinating strategy and service delivery within the retail and consumer sectors globally, has over 20 years of auditing experience in Hong Kong, the United Kingdom and Canada. She is a member of the Institute of Chartered Accountants in England and Wales, the Canadian Institute of Chartered Accountants and the Hong Kong Institute of Certified Public Accountants. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/AEC503BBF9F4BCFE8525740A005510C3 Wed, 12 Mar 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B99EDBB955503B33852573FE005678F5 The World in 2050- Beyond the BRICs' concludes that long-term prospects for China, India and other so-called 'E7' economies (Brazil, Mexico, Russia, Indonesia and Turkey) are still upbeat, but the report looks for the first time at an additional 13 emerging economies that also have the potential to grow significantly faster than the established Organisation for Economic Co-operation and Development (OECD) countries. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B99EDBB955503B33852573FE005678F5 Fri, 29 Feb 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E796A15C5F7F2223852573EC0058C4DA There was no clear evidence of a decline in oil and gas deal activity in the second half of the year as the credit crunch broke. Indeed, the number of final quarter deals in 2007 was 7% up on the final quarter of 2006. What is clear, though, is the changing dynamics of Mergers and Acquisitions activity within the sector. Oilfield service deals continue to boom reflecting growth in demand and utilisation rates for rigs as well as the need for service companies to scale-up globally in a consolidating market. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E796A15C5F7F2223852573EC0058C4DA Mon, 11 Feb 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5DE504768A520906852573EE005C8F71 As public awareness and support for global environmentalism increases, technology organizations are beginning to implement green initiatives to mitigate their impact on the planet. However, altruism is just one of many motivating factors behind the green movement according to a recent study conducted by PricewaterhouseCoopers titled- “Technology Executive Connections- Going Green- Sustainable Growth Strategies.” The strongest driver is economic. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5DE504768A520906852573EE005C8F71 Wed, 13 Feb 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A9B10FAF54A2D6D9852573E600576BFF Forest, paper and packaging companies are adjusting to a changing environment, according to CEO Perspectives, launched today by PricewaterhouseCoopers. Interviews with around 25 FPP CEOs across the developed and emerging markets identified four key trends -- attaining the right business model, cost control, sustainability and leadership. FPP companies are reconfiguring to meet these opportunities-cum-challenges, but views are mixed as to whether the industry has yet reached a turning point in its profitability. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A9B10FAF54A2D6D9852573E600576BFF Tue, 05 Feb 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D297F4F76A9E0D0E852573E6005670DE Power sector Mergers and Acquisitions soared to new record levels in 2007, despite the effect of the credit crunch. The latest edition of Power Deals, the annual review by PricewaterhouseCoopers of power sector Mergers and Acquisitions, shows a 25% year on year increase, with the worldwide 2007 power deal value of US$372.5bn nearly nine times above the US$43bn recorded just four years earlier in 2003. Records continue to be set in the sector for the total number and value of deals and for the size of individual deals. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D297F4F76A9E0D0E852573E6005670DE Tue, 05 Feb 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E8A3C6BBD4D4B3E4852573D7005318BF CEOs' confidence about prospects for business declined for the first time since the 2003 survey and fear of a global recession emerged as the major threat to growth in PricewaterhouseCoopers 11th Annual Global CEO Survey. Compared to last year, possible economic downturn is the only risk factor to increase in concern among CEOs. All other risks to growth - including energy supply, global climate change, and terrorism - declined as business threats. Over-regulation and availability of talent were also top CEO concerns. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E8A3C6BBD4D4B3E4852573D7005318BF Mon, 21 Jan 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/72E896A8164368C1852573CB005026F2 Continuing its distinguished 74-year association with the Academy Awards®, PricewaterhouseCoopers LLP today announced that Brad Oltmanns and Rick Rosas will again lead the balloting process for the 80th Annual Academy Awards. Oltmanns and Rosas are the only two people in the world who will know the identity of the Oscar® winners before the live telecast on ABC at 5 p.m. PST (8 p.m. EST) on Sunday, February 24, 2008. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/72E896A8164368C1852573CB005026F2 Wed, 09 Jan 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D051B894A53B862E8525739A00549855 Almost half of family businesses around the world do not have a plan outlining the future ownership of their business, according to the 2007/2008 Global Family Business Survey released today by PricewaterhouseCoopers. This first ever global survey of almost 1,500 family businesses in 28 countries also reveals that this rises to 56% when looking at companies with a turnover of less than €50m a year and 60% when looking at companies that were founded in the last 20 years. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D051B894A53B862E8525739A00549855 Wed, 21 Nov 2007 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/C5AAB9877E6803EE8525739500560417 Tax reforms that make it easier for firms to pay taxes can increase government revenues by broadening the tax base, says a new report launched today by the World Bank, IFC, and PricewaterhouseCoopers. Paying Taxes 2008, the second report in an annual series on tax systems, covers 178 countries worldwide. The report concludes that there is a win-win opportunity for governments and firms if governments simplify tax systems, ease the compliance cost on business, and reduce tax rates. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/C5AAB9877E6803EE8525739500560417 Tue, 20 Nov 2007 00:00:00 +0000