Archive for: September, 2012

The Dilemma of Bills from the Dead

The Dilemma of Bills from the Dead

This is a case scenario that no one should be forced to confront. Following the death of a son, you become the executor of the estate and settle all related outstanding expenses. You then receive a statement regarding a credit card account that details several purchases of substantial amounts. One of the charges is recorded [...]

Decline in Eurozone Retail Sales Eases in September

The Eurozone retail sector remained in contraction in September, according to PMI data from Markit. Sales fell on a month-on-month basis for the eleventh successive month, although the pace of decline eased to the slowest since June. The Eurozone Retail PMI is an indicator of changes in the value of sales at retailers. The PMI [...]

French Retail Sales Fall at Slower Rate in September

Latest data pointed to another month of falling sales in the French retail sector during September. However, the rate of decline eased on both a monthly and annual basis. Retailers cut purchasing activity further, leading to a slight reduction in their stocks of goods for resale. The rate of purchase price inflation quickened to the [...]

Austrian Manufacturing PMI Drops to 39-month Low

The downturn in the Austrian manufacturing sector intensified in September as output, new orders and employment all declined at faster rates. There were signs of inflationary pressures returning to the sector as both input costs and output prices increased during the month. The seasonally adjusted Bank Austria Manufacturing PMI – a composite indicator designed to [...]

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Slight Decline in German Retail Sales During September

The seasonally adjusted Germany Retail PMI posted 49.2 in September, down from 49.9 in the previous month and the lowest reading since April. September data therefore indicated a marginal drop in like-for-like sales, followed a stagnation during August and slight growth throughout the rest of the summer. Anecdotal evidence suggested that lower sales in September [...]

Modest Deterioration in Japan Operating Conditions Recorded in September

Operating conditions in Japan’s manufacturing sector continued to worsen at a modest pace in September. Output and new orders both fell amid reports of a general stagnation of economic activity in domestic and overseas markets. Manufacturers continued to deplete inventories, while they made further sharp inroads into their work outstanding. Payroll numbers were little changed. [...]

M&a Market Prepares for the Chill to Set In

Following a year of continued macro-economic uncertainty, global M&A activity is falling with the level of completed deals reaching the lowest level since Q1 2010. Global volume and value of announced transactions fell by 18% and 11% respectively in the third quarter of 2012, showing that despite a slight uptick in the previous quarter, the [...]

Sharp Decline in Global IPO Deal Value and Volume in Q3 but Recent Listings Suggest More Deals to Come in Q4 2012

Global IPO activity continued to drop in Q3 2012 although; recent listings suggest a market improvement in the coming months, according to Ernst & Young’s latest Global IPO update. So far this quarter, global IPOs have raised US$24.1b, down 46% by capital raised, compared to Q2 2012 (US$44.3b) and down 16% compared to Q3 2011 [...]

A Lost Decade for the Eurozone?

While the European Central Bank’s Outright Monetary Transactions has significantly reduced the risk of a Eurozone breakup in the near term, the broader policy response to the crisis has still fallen short of the game-changer needed to restore long-term stability, according to the autumn Ernst & Young Eurozone Forecast (EEF). Things will continue to get [...]

E&Y Snaps Up ‘Strong Positive’ Rating for Its Global Enterprise Risk Management Consulting

E&Y Snaps Up ‘Strong Positive’ Rating for Its Global Enterprise Risk Management Consulting

Ernst & Young is pleased to announce that it has received a “strong positive”, the highest possible rating given, in Gartner’s MarketScope for Global Enterprise Risk Management (ERM) Consulting Services. Gartner’s MarketScope rating includes recommendations to customers and potential customers of the rated firms. When considering or currently working with a firm rated “strong positive,” [...]

Six Considerations When Acquiring a Physician Practice

For many years, physicians owned two-thirds of all U.S. medical practices. In the past decade, however, hospitals and private equity firms have increased their ownership stake of medical practices as physicians seek to exchange the risks and rewards of entrepreneurship for the stability of employment. Crowe Horwath LLP, one of the largest public accounting and [...]

Gold Prices Rally As the Dollar Sinks

Gold prices rallied Thursday and the dollar fell after Spain released its 2013 budget and the U.S. reported pending-home sales weakened in August. Spot gold jumped $24.06 an ounce to $1,775.65. SPDR Gold Shares ( GLD ), representing a 10th of an ounce minus expenses, gapped up 2.39, or 1%, to 172.2. Gold bullion reached [...]

Disney Near 20% Profit-Taking Level from May Breakout

When should an income investor consider taking profits in a stock? The question is flawed in one respect. It implies that sell strategies differ for the income investor. But the market doesn’t change the way it behaves simply because the investor is fixated on a dividend. Sell rules are sell rules regardless of why the [...]

NASDAQ After Hours Most Active for Sep 27

The NASDAQ 100 After Hours Indicator is up .39 to 2,821.99. The total After hours volume is currently 79,344,372 shares traded. Research in Motion Limited ( RIMM ) is +1.25 at $8.39, with 10,344,114 shares traded. RTT News Reports: Research In Motion Slips To Loss In Q2 – Quick Facts J P Morgan Chase & [...]

Jobs Data Corrals the Bulls Back to Wall Street

“The indices took off to the upside just before noon today, after Spain announced its 2013 budget,” remarked Schaeffer’s Senior Options Strategist Tony Venosa. “The best thing about today was the market’s ability to hold its gains despite the weaker-than-expected durable goods data and second-quarter gross domestic product (GDP) number.” In fact, after battling a [...]

Gold, Silver Prices to Rise in Q4: ETF Strategists

The Federal Reserve’s third round of quantitative easing will certainly ignite inflation, sending gold and silver prices higher, say ETF investing advisers. They overwhelmingly favored bullion and miner ETFs when asked last week for their best commodity investing idea for the fourth quarter. • Brett Manning, market analyst at Briefing.com in Chicago: SPDR Gold Shares [...]

UK ‘Destination of Choice’ For Global Automotive Investment

The Society of Motor Manufacturers and Traders (SMMT) launched a new report, compiled by KPMG, that sets out why the UK has become a destination of choice for global vehicle manufacturers. The report also explains the major supply chain opportunities that exist and what makes the UK an increasingly attractive market. “With unprecedented levels of [...]

KPMG Named in Top 10 Employers for Working Families

KPMG Named in Top 10 Employers for Working Families

KPMG has been ranked in the top ten employers for working families for the second year running by independent benchmarking and award organisation, Working Families. The awards recognise employers who support parents, carers and flexible workers with work-life balance and career development. All entrants including KPMG completed a robust benchmark survey which examined flexible working [...]

Employers Set to Receive Letters from HMRC As Biggest PAYE Shake-up for 60 Years Looms, Says KPMG

Almost all employers in the UK are set to receive a letter from the tax authorities next month outlining key changes to PAYE reporting. The tax authorities unveiled the plans to write to employers in HMRC’s latest “Employer Bulletin” issued this week. And according to the employment tax team at KPMG in the UK, receiving [...]