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BUSINESS
August 14, 1989 | Associated Press
As expected, the firms Deloitte Haskins & Sells and Touche Ross & Co. said Sunday that their partners had approved a merger that will create a worldwide firm, to be known as Deloitte & Touche in the United States, with annual revenue of more than $4 billion. The merger of the two agencies, first announced last month, is the second this year among elite U.S. accounting firms, reducing the so-called Big Eight by two. In addition, two more top firms are discussing a possible marriage.
BUSINESS
February 22, 1986
Mervyn McCulloch has been named accounting and consulting partner of Deloitte Haskins & Sells.
BUSINESS
April 18, 1989
David R. Stickles, G. Kenneth Gross, Jan D. Hadley and Cindy R. Nunes have joined Deloitte Haskins & Sells.
BUSINESS
July 7, 1989 | BRUCE KEPPEL, Times Staff Writer
Two of the nation's largest accounting firms announced Thursday that they have agreed in principle to combine operations, and two even bigger concerns began formal merger talks. If both deals succeed, the so-called Big Eight accounting firms would shrink to five multibillion-dollar giants in an effort to serve better their growing multinational clients in today's global economy. "The pressure is for bigness as marketplaces internationalize," said Robert Crane, editor of Accounting Today.
BUSINESS
April 18, 1989
David R. Stickles, G. Kenneth Gross, Jan D. Hadley and Cindy R. Nunes have joined Deloitte Haskins & Sells.
BUSINESS
April 14, 1989
Charles J. Olson II has been appointed vice president and corporate controller for Nichols Institute, San Juan Capistrano. Olson, who has been with the institute since 1986, was previously controller. Before joining Nichols, he was with For Better Living Inc., San Juan Capistrano, and, before that, was a manager with the accounting firm of Deloitte Haskins & Sells. Nichols Institute operates clinical laboratories, provides diagnostic medical testing services to clients nationally, manufactures kits for the performance of medical diagnostic tests and performs related research and development.
CALIFORNIA | LOCAL
March 10, 1989 | GLENN F. BUNTING, Times Staff Writer
At a time when many Los Angeles public housing projects are mired in slum conditions, the City Housing Authority has taken up to five years to spend millions of dollars in federal housing improvement funds, an independent report has found. The study by the accounting firm of Deloitte Haskins & Sells, obtained by The Times, concluded that the Housing Authority has allowed numerous contracting delays in processing a total of $35 million in modernization funds in recent years.
BUSINESS
January 27, 1989 | ROBERT A. ROSENBLATT, Times Staff Writer
Federal regulators handed out $5.3 billion in tax breaks last year when they arranged the shutdown or sale of 205 crippled savings and loan associations, the House Budget Committee was told Thursday. The Federal Home Loan Bank Board also disclosed that it is suing three major accounting firms for allegedly failing to uncover fraud and mismanagement at failing thrifts, factors believed to be playing a major role in the nation's S&L crisis.
NEWS
January 26, 1989 | From the Washington Post
The government will issue a report soon blaming some of the nation's largest accounting firms for failing to uncover fraud and mismanagement at savings and loan institutions that will cost taxpayers tens of billions of dollars, according to industry sources.
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