Topic: Ernst & Young LLP

Africa's energy consumption growing fastest in world

Africa's energy demands are skyrocketing, but with 64 recent major discoveries of fuel deposits, it is in a good position to meet its needs.

Energy Voices
Why are US firms going 'green': CEOs or customers?

The number of large US corporations with a climate, energy strategy has soared in the past five years, a new survey says. Customers, employees are the two major forces pushing change.

Will Detroit run out of cash?

On Tuesday, Detroit's city council rejected a contract from a law firm that would have helped the city with its finances. The rejection means the city did not receive the $10 million dollars it was expected to receive on Tuesday. 

IKEA apologizes for using forced labor to make furniture

IKEA 'deeply regrets' using forced labor of political prisoners in East Germany to make some of its furniture during the 1980s, the company's country manager in Germany  said. Embarrassed by media reports, IKEA  launched an internal investigation a year ago into whether it had used forced labor behind the Iron Curtain. 

Obama calls bipartisan meeting on 'fiscal cliff,' digs in on tax hike

Obama, in first remarks from White House since reelection, says he will compromise with Republicans to avoid the fiscal cliff, but won't agree to a plan that doesn't raise taxes on wealthiest Americans.

Middle-class tax cut extension passes Senate: Policy or politics?

Senate Democrats squeak through an extension of middle-class tax cuts. Republicans deride it as damaging to the economy. And a January train wreck for spending cuts and tax increases looms even closer.   

The Entrepreneurial Mind
Higher tax rates for small businesses may lead to fewer jobs

A new study estimated the effects of the policy advocated by President Obama that would allow for higher tax rates for small-business owners starting next year. The study found that such a tax increase would lead to fewer jobs.

Boy Scouts ban on gays emphatically reaffirmed (+video)

The Scouts did not identify the members of a special committee formed by top Scout leaders, but said in a statement that they represented 'a diversity of perspectives and opinions.'

The Entrepreneurial Mind
April showers bring May flowers, not entrepreneurial growth

While a new crop of May flowers may be blooming in Dr. Cornwall's garden, our entrepreneurial expert is less than sunny about the recent lack of growth shown by US small businesses, as measured by a variety of indices.

A jobless boom for female firms

Women are creating new businesses faster than the national average, but they're hiring far fewer workers. One solution: better networks for women.

The Reformed Broker
Groupon woes continue with lawsuit, low earnings

Groupon's stock hit an all-time low last week, and the company has been hit with a lawsuit from shareholders for dishonest business practices.

Ethiopia's 'grand dam' rouses citizens, dismays critics

In April, Ethiopia's Prime Minister Meles Zenawi announced plans to build Africa's largest hydropower plant along the Blue Nile river. The project is popular, but lack of transparency is a concern.

Change Agent
Volunteering: the positives of serving others

Volunteering benefits both those who help and those who receive the help. Volunteers feel part of something greater while at the same time developing new skills.

Tax VOX
Is corporate tax reform realistic?

International tax experts say that the US lags behind other nations in terms of corporate tax reform. Is there any hope of changing the system?

Change Agent
Greg Mortenson affair: Good leaders must prove it every day

Leaders like Greg Mortenson are just people like ourselves, striving to do good. We all need to be vigilant to stay true to our good purpose.

Opinion: Have we outsourced sexual harassment?

As Western companies increasingly turn to Indian labor, they must be willing to acknowledge and confront widespread sexual harassment of female employees in India.

The Reformed Broker
Ernst & Young under legal scrutiny for Repo 105 moves

Repo 105 maneuvers allowed Lehman to move tens of billions in liabilities off its balance sheet temporarily. Will its auditor, Ernst & Young, now face prosecution?

Sarbanes-Oxley provision ruled unconstitutional

Sarbanes-Oxley's national board that monitors auditors of public companies violates the Constitution's separation of powers requirement, the Supreme Court ruled Monday.

Can electric cars break out of niche status in US, China market?

Despite a surge in interest, electric cars may remain niche products in the world's two largest auto markets. Advocates disagree.

Robert Reich
Despite March employment gains, US still short 11 million jobs

March's employment numbers offer some hope, but not when you consider the amount of jobs lost during the recession and rate of growth of the national workforce.

Robert Reich
Fraud on Wall Street: Where has SEC been?

In the wake of recent confirmation that Lehman Brothers' balance sheet was bogus, the Securities and Exchange Commission has announced it will look into the accounting practices of two dozen other financial firms.

The Daily Reckoning
Lehman debacle: one of greatest crimes ever?

Lehman Bros. used accounting trick amid financial crisis – and earlier

Failed investment bank Lehman Bros. used an accounting trick at the end of each quarter to make its finances appear less shaky than they really were, says a report from an examiner.

From Marriott to Ernst & Young to General Mills, why some companies excel

From personalized development plans to comprehensive wellness programs, some of America's top companies excel through treating their employees excellently.

Why Web widgets will invade your TV

Web widgets bring Internet perks to the biggest screen in most people’s homes.