EY reports 2014 global revenues of US$27.4b [EY]
That's 6% growth in USD. Here's growth by service line: Advisory, 14.4%; Transaction Advisory Services, 6.5%; Assurance, 4.5%; Tax, 4.3%.
Ernst & Young Plans to Hire 15,500 New Employees [AT]
6,500 experienced hires, 9,000 students.
RadioShack Restructures Part of Its Debt to Help With Holiday Season [DealBook]
The coackroach of electronic retailers lives on! "The deal, arranged by Standard General, a hedge fund based in New York, replaces financing led by GE Capital and is meant to give RadioShack immediate access to $120 million in additional liquidity, the retailer said in a statement."
Hewlett-Packard Breaks Up to Stay Competitive [Bloomberg]
Meanwhile, in once-great-companies-who-have-spectacularly-fallen-from-grace news: "Chief Executive Officer Meg Whitman will lead Hewlett-Packard Enterprise, a new company focusing on corporate hardware and services, while Dion Weisler, the vice president in charge of personal-computer and printer operations, will become CEO of that business, called HP Inc., Hewlett-Packard said in a statement today."
Bernanke, Paulson and Geithner Face Grilling Over AIG Bailout [WSJ]
Cue dramatic music: "The questions won’t be from government investigators or lawmakers. Instead, they will come from prominent lawyer David Boies as he pursues a lawsuit brought by former American International Group Inc. Chief Executive Maurice R. “Hank” Greenberg. Mr. Greenberg is challenging the terms of the 2008 bailout for the company he built into a global financial-services powerhouse before being pushed out in 2005."
Tesco Strengthens Board in Wake of Accounting Error [WSJ]
Richard Cousins, CEO of Compass Group, and Mikael Ohlsson, former CEO of IKEA, bring some clout: "The appointment of two industry heavyweights is an attempt by Tesco Chairman Richard Broadbent to redress the balance of a board long criticized by shareholders and industry analysts for lacking retail experience."
Man Floating in Bubble Rescued by Coast Guard [AP]
He then challeneged them to a game of Trivial Pursuit and it all went downhill from there.