latest news releases from the newsroom
PricewaterhouseCoopers Study Finds M&A in the Industrial Products Industry Suffers as Global Credit Crisis Stirs Financial Doubt
NEW YORK, Nov. 11, 2008 (GLOBE NEWSWIRE) -- While M&A activity in the industrial products industry performed well during the first quarter of 2008, results from the second and third quarters indicate a downward trend for most sectors, according to a series of third-quarter M&A reports released today by PricewaterhouseCoopers LLP. Deal values suffered in the metals and industrial manufacturing sectors, and the pace of deal activity declined in the transportation and logistics (T&L) sector. The chemicals sector was the only industry to experience an uptick in both deal value and deal activity throughout 2008.
PricewaterhouseCoopers Assists Organizations in the Transformation of the Internal Audit Function
NEW YORK, Nov. 11, 2008 (GLOBE NEWSWIRE) -- According to a report released today from PricewaterhouseCoopers LLP (PwC), the time has come for organizations to take a second look at internal audit, an underutilized resource whose efforts have been focused for years on a small part of the overall risk picture. What is needed now is an internal audit function that delivers more strategic value while lowering its costs of operation. The paper, entitled "An Opportunity for Transformation: How Internal Audit Helps Contribute to Shareholder Value," takes the position that no other group within the organization has more potential to help companies manage risk than the internal audit department. The challenge for today's internal audit departments is to move from a financial-controls-centric mindset to a shareholder-value-centric mode of thinking.
Colorcon Announces Opening of New West Coast Facility
WEST POINT, Pa., Nov. 11, 2008 (GLOBE NEWSWIRE) -- Colorcon, a world leader in the pharmaceutical development of solid oral dose products, announces the move of its West Coast regional office and technical laboratory to a 10,000-square-foot facility in Irvine, CA. The new state-of-the-art regional site houses Colorcon's tablet design, coating and research laboratories, as well as its West Coast Customer Service Center and customer education facilities. Colorcon provides advanced technologies, products and technical support, for formulated coatings and excipients in all phases of oral solid dose design and development.