Articles about Pwc

Freescale Internet of Things car

PwC says US biz lagging in Internet of Things

PricewaterhouseCoopers reckons the business end of the Internet of Things is going to hit its straps in 2015, reporting that 20 per cent of US businesses polled in its most recent Digital IQ Snapshot are putting money into sensors of some kind. Unsurprisingly, the industries most keen on sensors are industries already famous for …

PwC: 27 percent of Aussies will buy IPTV by 2016

Showing the kind of optimism that only large analyst firms can muster, PriceWaterhouseCoopers has boldly predicted that 27 percent of Australians will have an IPTV service by 2016. Right now, IPTV is very much in its infancy in Australia, with a number of ISPs and carriers offering services but, in terms of the country’s eight …
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Vodafone to buy 140 Phones 4u stores from stricken retailer

Vodafone has swooped on 140 Phones 4u stores just days after the retailer blamed the operator for contributing to its untimely demise when it slipped into administration late last Sunday. Administrator PwC said in a statement late on Friday that Voda had struck a deal with Phones 4u to re-brand the stores over the next few weeks …
Kelly Fiveash, 20 Sep 2014
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EE buys 58 Phones 4u stores for £2.5m after picking over carcass

EE has scooped up 58 Phones 4u stores from the beleaguered High Street retailer, one week after it slipped into administration. The mobile operator, which was partially blamed by Phones 4u for its surprise collapse, revealed the £2.5m purchase in a brief statement to The Register: We can confirm that we have agreed with the …
Kelly Fiveash, 22 Sep 2014
Atmospheric snap of vultures silhouetted against a sunset on a wooden structure on the shore of a lake. (C) Jerry Rogers

Report: EE in talks to scoop up 60 Phones 4u stores from troubled High Street retailer

EE is reportedly the latest company to pick over the carcass of stricken British High Street mobile phone retailer Phones 4u, which fell into administration late last week. According to the Sunday Times (£), EE has until tonight to secure a deal to buy 60 stores from Phones 4u. The move comes after rival mobile network Vodafone …
Kelly Fiveash, 21 Sep 2014
Money image

Luxembourg: Engine-room of the tax-break economy

Four high-profile audit firms have been named-and-shamed as architects of a tax minimisation structure used by hundreds of the world's big-name companies, including a slew in the tech sector. The International Consortium of Investigative Journalists has published details of how the structure worked, along with identifying many …

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores, …
Kelly Fiveash, 23 Sep 2014
Hacked sarcasm

Biz coughs up even less for security, despite mega breach losses

Information security budgets are falling despite a continuing rise in the number of attacks, according to a new report by management consultants PwC. Detected security incidents have increased 66 per cent year-over-year since 2009, reaching the equivalent of 117,339 attacks per day, according to PwC's "The Global State of …
John Leyden, 01 Oct 2014
The Register breaking news

UK biz pays heavy price for skimping on security - PwC

Infosec 2012 Hacking attacks against Blighty's top firms hit a record high according to figures for 2011. On average, each large organisation suffered 54 significant digital assaults in that 12-month period, twice the level in 2010, while 15 per cent – one in seven – had their networks successfully penetrated by unauthorised parties. The …
John Leyden, 24 Apr 2012
xfinity wifi

Remember that tale of a fired accountant who blamed Comcast? It's kinda true, says telco

Updated Comcast has publicly apologized to Conal O'Rourke, the accountant who claims he was fired for moaning about the ISP's lousy service. "What happened with Mr O'Rourke's service is completely unacceptable," said Charlie Herrin, Comcast's recently appointed VP of customer experience, in a company blog post. "Despite our attempts to …
Iain Thomson, 09 Oct 2014
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Phones 4u slips into administration after EE cuts ties with Brit mobe retailer

Phones 4u fell into administration late on Sunday, after carrier EE cut its ties with the UK retailer. The company said in a statement that's EE's "unexpected" decision not to renew its contract with Phones 4u meant the High Street business would be without any mobile network partners. EE's withdrawal from that deal, which runs …
Kelly Fiveash, 14 Sep 2014
cloud

Overland hurls PwC auditors overboard

Overland Storage management seems to have taken exception to PricewaterhouseCoopers' auditing of its accounts and fired the firm. For the past two financial years PwC has added a stern warning to the accounts, saying that there was substantial doubt about Overland's ability to continue as a going concern. While even accountants …
Chris Mellor, 20 Oct 2009
hands waving dollar bills in the air

100+ trade buyers and private equity bods eyed up Kelway

More than one hundred trade buyers and private equity firms expressed an interest in buying a piece of Kelway, before CDW finally beat the competition to take a 35 per cent stake. As exclusively revealed by El Chan on Thursday, Kelway boss Phil Doye retains a 55 per cent stake in the firm. Others in the management team keep hold …
Paul Kunert, 06 Nov 2014
Disney's Beagle Boys

Kmart apologizes to customers after month-long security breach

Discount store Kmart admitted some customers’ payment cards have likely been “compromised” as it became the latest mega retailer to fall victim to cyber-crims. The parent of the chain, Sears Holding Corp, said the IT team discovered late Thursday that its payment systems had been breached, and further investigations indicate …
Paul Kunert, 12 Oct 2014

NHS slammed for MAJOR data blunders as scale of patient info sell-off is revealed

The NHS struck four "data-sharing" deals with three re-insurance companies that allowed them access to patient information under agreements that don't expire until 2015 and 2016. That's among the shocking findings of a review of data released by the NHS Information Centre - the predecessor to the Health and Social Care …
Kelly Fiveash, 17 Jun 2014
For Sale sign detail

Indian police raid PWC in Satyam probe

Police raided PricewaterhouseCooper's offices in Hyderabad today in connection with the ongoing investigation into the alleged billion dollar fraud at outsourcer Satyam. PWC audited Satyam's accounts and was apparently unaware of the large holes they contained. The firm's chairman admitted last week to cooking the books over …
John Oates, 13 Jan 2009
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PwC auditors fingered for Satyam fraud

Indian police have accused two PricewaterhouseCoopers accountants of colluding and conspiring with company founder Ramalinga Raju to create false accounts for Satyam. The two auditors are in police custody but have not yet been charged. "During interrogation [the auditors, Subramani Gopala Krishnan and Talluri Srinivas] …
John Oates, 30 Jan 2009

UKFast hoovers up customer list of BurstNET

UKFast has made its first acquisition under a newly recruited M&A head after taking on the local customer base of US hosting biz BurstNET. As previously revealed, the cloud silo and server hosting provider hauled in former LDC and PwC director Catherine Houghton to steer an acquisition plan after claiming it lost out to rivals …
Paul Kunert, 05 Jul 2013
Growth of internet advertising revenue to 2013

US biz spaffed more dosh on internet ads than TV spots in 2013

Advertisers in the United States have splashed more of their ad budgets all over the web than on the telly for the first time ever, the Interactive Advertising Bureau reported. Growth of internet advertising revenue to 2013 Read 'em and weep TELEVISION - growth of internet advertising revenue to 2013. Credit: IAB/PwC Online …
UK internet use minute by minute

Brits spend one in every 12 waking minutes online, say beancounters

Britons spend one in every 12 waking minutes on the internet, causing advertisers to splurge great wads of cash on online marketing, according to an internet advertisers' trade body. UK internet use minute by minute UK internet use minute by minute. Source: UKOM, July 2013 According to a report from the Internet Advertising …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Building the actual real internet simply doesn't pay

Analysis It isn’t unicorns that keep the internets running, but eye-watering amounts of capital investment by infrastructure operators. However a substantial chunk of that investment never pays for itself and most of it barely repays the cost of the capital, reckons consultancy PwC. The telco industry as a whole spends $320bn on …
Andrew Orlowski, 04 Apr 2013
hands waving dollar bills in the air

Tax regime fails to help UK technology sector, says PwC

Despite the wide range of tax relief available, over two thirds of UK technology companies do not believe the current tax regime fuels enterprise in the UK, according to a survey conducted by PricewaterhouseCoopers. Its survey found that measures introduced in the 2009 Budget are not reaching the majority of the domestic …
OUT-LAW.COM, 13 Nov 2009
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Phones 4u website DIES as wounded mobe retailer struggles to stay above water

Phones 4u's website is currently telling customers that it is unable to trade due to "the unexpected decision of EE and Vodafone to withdraw supply" from the retailer. It comes after the High Street firm, which has 550 stores throughout the UK and 5,596 employees on its books, confirmed late on Sunday that it had fallen into …
Kelly Fiveash, 15 Sep 2014
Hacker, Hoaxer, Whistleblower, Spy book cover

Who is out there waiting to spy on you or steal your data?

The growth rate of digital attacks continues to alarm. According to PwC’s Global State of Information Security Survey 2015, the number of reported incidents rose by 48 per cent this year to 42.8 million, the equivalent of 117,339 attacks a day. Add to those the masses of unreported attacks and you have an awfully messy …
Tom Brewster, 21 Nov 2014
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'Banner year' for patent lawsuits: Number of cases, awards both up

Describing 2012 as a "banner year" for patent litigation in the US, a new report from PricewaterhouseCoopers says the number of patents granted and the number of patent lawsuits filed were both up during the year, even as the damages awarded in such suits hit all-time highs. According to the report, although the number of patent …
Neil McAllister, 08 Jul 2013
The Register breaking news

Hmm, you do look ill. I prescribe a good dose of mobile data

Adopting "mobile health" - the use of mobile technology as an interface between health providers and patients - could apparently save the EU €100bn by 2017, and make us €93bn too, if only governments would get out of the way and let it happen. That's according to beancounters PwC who were hired by mobile industry body GSMA to …
Bill Ray, 06 Jun 2013
The Register breaking news

PwC settles dotcom fraud case

PricewaterhouseCoopers (PwC) has made an out-of-court settlement with shareholders of e-district who alleged the accountancy giant had failed to discharge its legal responsibilities. The case had been due in court in June, and all details of the settlement are remaining secret. E-district was the last bubble on board the …
John Oates, 29 Mar 2006

Feds charge man in $1m 'Dr Evil' scam to blackmail Mitt Romney

A Tennessee man has been charged over a high-profile extortion and wire fraud scam involving former Republican presidential candidate Mitt Romney's tax returns. Michael Mancil Brown, 34, of Franklin, Tennessee faces six counts of wire fraud and six counts of extortion over his alleged involvement in a plot to blackmail Romney …
John Leyden, 01 Jul 2013
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Chinese shoppers spend £100 MEEEELLION online in SIX minutes

The world’s biggest online shopping day got off to a flyer on Monday with Chinese e-commerce giant Alibaba recording 1 billion yuan (£102.5m) in sales on its Tmall site in the first six minutes alone. The 11.11 sales were first dreamt up back in 2009 as a way for merchants on the B2C site to make more money in the lull between …
Phil Muncaster, 11 Nov 2013
Game logo

Game chain sold

UK High street retailer Game has been acquired by Comet owner OpCapita. The Game Group's administrator, PwC, yesterday said it had agreed to sell the troubled company's UK business to Baker Acquisitions Ltd, an entity overseen by OpCapita, for an undisclosed sum. The move takes The Game Group's UK operation out of …
Caleb Cox, 02 Apr 2012
The Register breaking news

IBM and PwC settle kickback charges

IBM and accounting firm PricewaterhouseCoopers have agreed to pay a total of about $5.3m to settle allegations that they gave illegal kickbacks to reel in contracts with US government agencies. IBM has agreed to fork over $2,972,038.50 to make amends, and PwC will pay $2,315,662. The US Department of Justice said both IBM and …
Austin Modine, 16 Aug 2007
Internet of Things

Greedy datagrabs, crap security will KILL the Internet of Thingies

Opinion Is the Internet of Things a nightmare, a glorious utopia, or might it just never happen? Last week I was asked to offer a few thoughts in a panel discussion for over 200 PriceWaterhouseCoopers staff, ranging from hackers to business geeks. I’ve only touched on IoT briefly, when David Cameron at CeBIT announced he was throwing a …
Andrew Orlowski, 13 Oct 2014
Red pen

Phoenix IT Group fesses up to 'accounting irregularities'

Phoenix IT Group has suspended a business manager amid a probe into accounting irregularities that the firm reckons will result in £14m being wiped from net assets. The listed IT services group revealed in a statement to the London Stock Exchange this morning that it has named PwC and Nabarro LLP to "carry out independent …
Paul Kunert, 03 Sep 2012
Game shopGame

Game goes titsup in Australia

Competition from online retailers has claimed another casualty in the high street with the demise of the australian incarnation of chain store retailer, Game. PricewaterhouseCoopers was yesterday appointed voluntary administrator of the UK-owned gaming company, which has over 500 Australian employees and 92 stores nationally. …
The Register breaking news

HP buys PwC's consulting arm

News has leaked out that Hewlett-Packard has agreed to spend $17.5 billion on PriceWaterhouseCoopers' (PwC) consulting arm. According to Bloomberg, sources familiar with the situation said that although there were still alot of details to be hammered out, a price had been agreed. The talks are now focussed on how much the 2000 …
Lucy Sherriff, 13 Sep 2000

Asbestos finds interrupt NBN preparations

Updated The rollout of the National Broadband Network has uncovered some nasty secrets: the use of asbestos cement in old Telstra pits, and the endemic dodginess of Australia's construction sector. Asbestos has been turning up in pits all over the country, with reports coming in from Penrith in NSW, Ballarat in Victoria, Launceston in …
The Register breaking news

US defence biz fined for busting China arms embargo

A top US defence contractor has been fined $75m (£47.8m) for flogging software to China that was a vital component in the country's first attack helicopter. United Technologies and its two subsidiaries Pratt & Whitney Canada (PWC) and Hamilton Sundstrand 'fessed up to more than 500 violations of export restrictions in a federal …
Phil Muncaster, 04 Jul 2012
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PwC warns of WEEE complexity

Consultants at PricewaterhouseCoopers (PwC) are warning their clients that forthcoming WEEE (Waste Electrical and Electronic Equipment) Directive will be more than just another regulatory hoop to jump through. The legislation, which should come into force in the UK in June 2006, presents significant challenges, the company says …
Lucy Sherriff, 22 Nov 2005

8 in 10 small UK firms hacked last year - at £65k a pop: Report

Infosec 2013 Over 80 per cent of small businesses in the UK suffered a computer security breach last year, according to new government research. And the proportion of large firms that reported attacks has reached a whopping 93 per cent. The Department for Business, Innovation and Skills' 2013 hacking survey found that 87 per cent of small …
John Leyden, 23 Apr 2013
server room

Cloud silo and services firm UKFast hires personal shopper

Cloud silo and server hosting service provider UKFast, which owns three data centres across the UK and claims Coutts private bank and NHS trusts among its customers, has brought on board an M&A specialist to help it embark on a UK acquisition spree. UKFast claims it had previously lost acquisition targets to rivals because it …
Paul Kunert, 26 Jun 2013

EDS ditches PwC Consulting

ComputerWire: IT Industry Intelligence EDS Corp has confirmed that it has terminated its global SAP services alliance with management consultancy PwC Consulting LLC following its $3.5bn acquisition by IBM Corp. Plano, Texas-based EDS pulled the plug on the deal, which it set up with New York-based PwC Consulting last December …
ComputerWire, 04 Oct 2002
The Register breaking news

More than $60bn spunked on cyber-security in 2011

Global cyber-security spending is on track to exceed $60bn for 2011, according to a study by management consultants PwC. The growing tide of cyber threats, coupled with greater vulnerabilities due to the more pervasive use of technology – particularly mobile devices and cloud computing – are fueling a growth in cyber-security …
John Leyden, 01 Dec 2011

China denies US chopper tech espionage claim

The Chinese government has hit back at claims that technology used in its first fleet of attack helicopters was illegally sold to it by a US defence contractor. In a well-publicised case in the States, United Technologies and its two subsidiaries Pratt & Whitney Canada (PWC) and Hamilton Sundstrand admitted earlier this month in …
Phil Muncaster, 27 Jul 2012
Children wash hands Plan photo Hatai Limprayoonyong

CIO of children's charity: Data re-org will change the giving game

There’s nothing charitable about working in the third sector. In fact, it’s extremely unforgiving, as children’s charity Merlin discovered in 2013. The charity merged with Save the Children after management determined they couldn’t raise the kinds of funds that corporate sponsors wanted to see it raising. The giving scene is …
Gavin Clarke, 16 Oct 2014

Media moguls urged to go mobile in Asia

Around a third of the world’s mobile internet users will come from China by 2016, driving a boom in the digital entertainment and media market, although concerns persist over digital piracy across some Asian countries, according to a new report. PricewaterhouseCooper’s Global Entertainment and Media Outlook 2012-2016 reveals …
Phil Muncaster, 13 Jun 2012
The Register breaking news

New UK cyber-champ: Chemist's winning formula cracks 'F1 race hack'

Updated A 28-year-old chemist is the new UK Cyber Security Champion after triumphing in a year-long competition that tested computer defence skills. Stephen Miller, from Hertfordshire, beat thousands of other hopefuls after competing in several online and face-to-face heats. Miller, who works as a lab team manager at a major …
John Leyden, 11 Mar 2013
The Register breaking news

Aussie online shoppers take $AU6 billion offshore

Australia shopper’s enchantment with offshore online purchases is expected to rise by $AU1.2 billion to $AU6 billion this year, according to new research from PricewaterhouseCoopers. The report predicts that online shopping will grow 13 percent this year and is valued at $AU13.6 billion. Around 44 percent of those online sales …
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Phoenix IT Group tumbles off a cliff: £63m in losses

There's trouble at Phoenix IT Group - the services provider has recorded losses of more than £60m, been forced to take a massive hit from accounting errors and is laying off staff. The results of accounting errors are in and the firm has taken a post-tax knock of £17.3m, forcing it to restate multiple year results after finding …
Paul Kunert, 29 Nov 2012
The Register breaking news

Price Waterhouse Cooper: Only mobile comms can SAVE HUMANITY

Future of Wireless Speaking at the recent Cambridge Wireless conference Price Waterhouse Cooper's Director of Product Management issued a stark warning - unless governments invest massively in mobile telephony we're all going to starve to death. Colin Brereton presented his arguments as a keynote at yesterday's Future of Wireless conference in …
Bill Ray, 28 Jun 2012
The Register breaking news

Hackers claim to have Mitt Romney's tax records

Various media outlets, including El Reg, have been sent a message claiming to be from a hacking group that has stolen the tax records of Mitt Romney and threatens to release them on September 28. The writer claims to have taken Romney's 1040 filings from the offices of PricewaterhouseCoopers in Franklin Tennessee and copied them …
Iain Thomson, 07 Sep 2012