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BUSINESS
October 1, 1987 | BILL SING, Times Staff Writer
Price Waterhouse said Wednesday that it will register an affiliate as an investment adviser with the Securities and Exchange Commission, becoming the first Big Eight accounting firm to do so and signaling the growing presence of accounting firms in the lucrative field of financial planning. The filing, expected to be made today, will allow Price Waterhouse to provide and advertise financial planning as a separate service apart from its traditional tax planning and accounting services.
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BUSINESS
January 15, 2009 | Associated Press
Price Waterhouse, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., said Wednesday that its audit reports for the last eight years relied on potentially false data provided by the company and should be disregarded.
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BUSINESS
September 6, 1989 | From Associated Press
Arthur Andersen & Co. and Price Waterhouse announced Tuesday that they will need more time to discuss a possible merger, a move analysts said was expected given the complexities of forming what would be the world's largest accounting firm. But industry analysts said they expect the merger will proceed despite the obstacles facing the two firms. "I think the benefits are so significant that they . . .
BUSINESS
May 14, 1999 | MARC BALLON, TIMES STAFF WRITER
General Automation Inc. sued its former auditor on grounds of negligence, claiming that the firm failed to detect internal accounting errors that resulted in "substantial reporting errors." The Irvine-based software support services firm filed a complaint in Orange County Superior Court against Price Waterhouse LLP, its auditor from 1991 to 1996. The suit seeks unspecified damages.
BUSINESS
May 15, 1990 | ALBERT B. CRENSHAW, THE WASHINGTON POST
After a seven-year battle that went all the way to the Supreme Court and back, a federal judge here Monday ordered the giant accounting firm of Price Waterhouse to award a partnership to a District of Columbia woman it had rejected in a process that was biased against women. The case is "the first in the country" in which a court has ordered a person to be made a partner in a professional firm as a remedy for such employment discrimination, according to Douglas B.
BUSINESS
December 1, 1987
The accounting firm Price Waterhouse & Co. has elected Joseph E. Connor, the head of its U.S. division, as the new chairman of its World Firm, the company said Monday. Price Waterhouse partners also elected Shaun F. O'Malley, head of the firm's Philadelphia office, to replace Connor as head of its U.S. firm. Connor, who has worked for Price Waterhouse since 1956, became a partner in the international accounting firm in 1967. He became chairman of the policy board of the U.S.
BUSINESS
March 20, 1991 | MICHAEL FLAGG, TIMES STAFF WRITER
Price Waterhouse, the big accounting firm, signed one of the biggest leases in Orange County in the last year and will move its local office from Newport Beach to a building near South Coast Plaza here. The 10-year lease, estimated to be worth about $8 million, is for the top two floors of a 12-story tower in the three-building South Coast Metro complex. Price Waterhouse will move 160 people from the Irvine Co.'
BUSINESS
March 30, 1992 | DAVID WILLMAN, TIMES STAFF WRITER
It is a night that can lift careers and make or break movies--a night that commands an international audience and television advertising worth $1 million a minute. Without question, it is the entertainment world's signature event of validation and glitz. Yet removed from the preening entrances and occasionally daffy speeches, the success of tonight's 64th Annual Academy Awards rests ultimately in the hands of a soft-spoken, slightly rumpled accountant from Westwood.
BUSINESS
February 20, 1993 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
The head of the embattled Resolution Trust Corp. strongly criticized Price Waterhouse in testimony before Congress on Friday, saying it was "an egregious act" for the giant accounting firm to charge the RTC 67 cents a page for copying millions of pages of records. At the same time, however, RTC President Albert V. Casey admitted that there is no legal way for the federal agency to alter its contract with Price Waterhouse.
BUSINESS
September 26, 1989 | From Associated Press
Accounting giants Price Waterhouse and Arthur Andersen & Co. said today that they have abandoned a proposed merger that would have created the world's largest accounting firm. Merger talks "were discontinued because differences could not be resolved within a realistic time frame," the companies' chiefs said in a joint statement. Joseph E. Connor, chairman of Price Waterhouse, and Lawrence A.
BUSINESS
March 19, 1999 | JAMES BATES
A couple of years ago, Greg Garrison found himself face to face with John Travolta during rehearsals for the Academy Awards broadcast, when the actor began teasing him. "You're the guy from Pricewaterhouse?" Garrison recalls Travolta asking him. "You should be back there recounting. Did you see 'Get Shorty'? I was really good in that. I should have been nominated." "You were really good in that," Garrison responded, adding with authority, "But you weren't nominated." If anyone knows, he does.
BUSINESS
July 16, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Two Medieval Times franchises have filed a lawsuit against Coopers & Lybrand LLP, claiming that the accounting firm gave professional advice that forced the themed restaurants into bankruptcy. In the lawsuit, filed Monday in Orange County Superior Court, Medieval Dinner & Tournament Inc. of Buena Park, and Medieval Show Inc. of Florida claim federal and state tax authorities assessed more than $90 million in taxes and penalties against the franchises as a result of Coopers & Lybrand's advice.
CALIFORNIA | LOCAL
June 12, 1998 | MICHAEL BAKER, SPECIAL TO THE TIMES
It was enough to make a postmaster downright cocky. Rankings released Thursday showed San Fernando Valley post offices tied for the fastest in the nation in delivery of first-class mail. Celebrating with nearly 100 postal employees, Van Nuys district Postmaster Woody DeWitt issued his customers a challenge: "Test us, just as Price Waterhouse challenges us every quarter."
BUSINESS
May 29, 1998 | DAVID ROSENZWEIG, TIMES STAFF WRITER
Executives at Price Waterhouse in Colombia bought $545,000 in laundered U.S. dollars on the black market, apparently aware that the money came from drug sales, according to a government affidavit obtained by The Times. Federal prosecutors have seized $156,607 of that amount from a Price Waterhouse account at the Bank of Boston International branch in New York to which the laundered money was allegedly wired.
BUSINESS
January 25, 1998 | Russ Stanton
Three D Departments Inc., parent of the Three D Bed and Bath chain, said Friday that it dismissed Price Waterhouse LLP as its auditor and hired BDO Seidman LLP. Three D chief financial officer Steven R. Kerkstra said the move was part of the company's "expense reduction program." Three D said in a Securities and Exchange Commission filing that Price's audits the past two years contained no adverse opinions and that there were no disagreements over accounting issues that led to Price's
BUSINESS
September 19, 1997 | From Bloomberg News
Coopers & Lybrand and Price Waterhouse said they plan to merge to create the world's largest accounting and consulting firm. The combination would vault Price Waterhouse and Coopers ahead of industry leader Arthur Andersen Worldwide, and second-ranked Ernst & Young, and whittle the so-called Big Six accounting firms down to five.
BUSINESS
December 28, 1992 | MICHAEL FLAGG, Times Staff Writer
Dennis Macheski's job is keeping an eye on the economy of the western states, which he does from Price Waterhouse's 11th-floor offices in a Costa Mesa mid-rise. There's a good view of the county from up here--if you don't look too closely. Then you see office buildings with many of their floors unrented, foreclosures, bankruptcies, and on and on.
BUSINESS
May 20, 1992 | From Associated Press
A state jury on Tuesday told Price Waterhouse to pay $338 million to a British banking firm because the accounting firm's audit led to a losing investment in an Arizona bank. The jury agreed with London-based Standard Chartered that Price Waterhouse bungled its audit of United Bank in 1985 and 1986.
ENTERTAINMENT
March 24, 1997 | SCOTT COLLINS, TIMES STAFF WRITER
Not many people, let alone accountants, get a chance to commit a faux pas like Greg Garrison's. At last year's Oscar telecast, Garrison was standing in the wings of the Shrine Auditorium, clutching a briefcase containing envelopes with the names of all the award winners. Suddenly he found himself face to face with Susan Sarandon, the elegant star of "Dead Man Walking." As Garrison recalls, their eyes met. She didn't move. In fact, she couldn't.
CALIFORNIA | LOCAL
February 22, 1995
A Price Waterhouse audit of financial records found no more instances of the county diverting interest payments due cities and school districts in the county investment pool, officials said Tuesday. The Creditors Committee, which represents agencies that invested in the collapsed county pool, ordered the audit after county officials revealed last month that $85 million in interest due investors was diverted into two special accounts.
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