Press Room

Current Press Releases

• August 31, 2010 Daley presents 2010 WorkforceChicago award to Grant Thornton LLP 

  Grant Thornton is a recipient of the 2010 WorkforceChicago award. The award, which recognizes leading Chicagoland companies that demonstrate exemplary learning and development practices, was presented by Chicago’s Mayor Richard M. Daley to Grant Thornton’s CEO Stephen Chipman.

• August 30, 2010 Only 37% of manufacturing business leaders plan to increase hiring in next six months 

  Business leaders in the manufacturing space are pessimistic, with only a third (33%) expecting the U.S. economy to improve in the next six months, according to Grant Thornton’s quarterly survey of U.S. business leaders. The hiring outlook for manufacturing companies is also gloomy – only 37 percent of manufacturing business leaders report that their companies will increase hiring in the next six months.

• August 30, 2010 Grant Thornton LLP Business Optimism Index drops 10 points 

  Grant Thornton’s Business Optimism Index, a quarterly survey of U.S. business leaders, decreased significantly to 58.4 in August from a recent high of 67.6 in May. Business leaders are again becoming pessimistic, with only a third (34%) expecting the U.S. economy to improve in the next six months, down significantly from 63 percent in May.

• August 24, 2010 Grant Thornton LLP CEO statement regarding Bob Herz retirement 

  "Bob Herz led the FASB during the most challenging time in its history. He has been a tireless leader with an unwavering focus on the users of financial statements and we are grateful for his service to the profession and wish him well in his retirement," said Grant Thornton LLP CEO Stephen Chipman.

• August 23, 2010 New Grant Thornton study explores impact of oil spill on deepwater exploration and production businesses 

  Grant Thornton’s Corporate Advisory & Restructuring Services today announced the release of The implications of the oil spill on deepwater exploration and production, a study outlining the ramifications stemming from BP’s Macondo well disaster for energy exploration and production businesses, analyzing how a tougher regulatory environment, enhanced safety, new inspection procedures and consolidation will impact the business of deepwater drilling in the Gulf.

• August 11, 2010 Grant Thornton LLP outlines key financial reform issues in Dodd-Frank Act for public company audit committees paper 

  Grant Thornton LLP’s Financial Service practice has created a paper – Financial reform: What public companies and their audit committees need to know about the Dodd-Frank Act – that outlines some key financial reform issues that public companies and their audit committees should understand, as well as actions they can consider to help guide their companies through this changing regulatory landscape.

• August 9, 2010 Grant Thornton LLP’s Corporate Advisory & Restructuring Services commercial real estate: Why a rising tide won’t lift all boats 

  Grant Thornton’s Corporate Advisory & Restructuring Services professionals have analyzed the challenges facing the commercial real estate  industry in the wake of the credit crunch and economic downturn in a new white paper. Their study found that real estate companies would be ill-advised to depend solely on the economic recovery to be competitive in today’s market place. 

• 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.