×

Industrials Commercial and Professional Services

  • June 23- Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual. The transfer includes about $600 million in lump-sum payments to about 7,000 current and former U.S. employees of Accenture and $1 billion in purchases of...

  • 2017@ NEW YORK, June 22- Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday. Withdrawals of $2.2 billion struck U.S.-based equity mutual funds and exchange-traded funds during the week ended June 21, the research service said, during a...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • June 22- Accenture Plc trimmed its annual revenue forecast on Thursday, triggering concerns that uncertainty around U.S. healthcare policy may be weighing on the company's flagship consulting business. Shares of the Dublin- domiciled company, which also provides outsourcing services, were down 4.7 percent at $121.17 in morning trading.

  • June 22- Consulting and outsourcing services provider Accenture Plc reported a 5.1 percent increase in quarterly net revenue on Thursday, as the company's investments to boost its digital and cloud service offerings pay off. Net revenue rose to $8.87 billion from $8.43 billion in the third quarter ended May 31. Net income attributable to Accenture fell to...

  • "What we're seeing is a deterioration in these markets, but the markets haven't imploded, they haven't gone into a rapid downward decline," said Dan Mendelson, president of the consulting firm Avalere Health. Some counties in Missouri, Ohio, Indiana and Washington will have none if another insurer fails to step in. The Blue Cross- Blue Shield insurer Anthem said...

  • THE HAGUE, Netherlands— A telecom company in the Netherlands has teamed up with the country's traffic safety authority to develop a bicycle lock that also blocks its mobile network, in a move aimed at protecting young riders who regularly pedal through busy streets while looking at their phone, the developers said Wednesday. The Dutch Traffic Safety...

  • NEW YORK, June 16- U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market. "Blockchain technology can bring transparency and security to the insurance industry, and can be a catalyst for new insurance...

  • NEW YORK, June 15- Investors raced into U.S.-based, stock exchange-traded funds this past week despite market jitters, delivering the most cash to those funds since late last year, Lipper data showed on Thursday. Stock ETFs listed in the United States attracted $17.7 billion during the week ended June 14, according to the research service, while their mutual fund...

  • June 15- Consulting firm Booz Allen Hamilton Holding Corp said on Thursday the U.S. Department of Justice was investigating some of its finances including. The Justice Department informed one of its units of the investigation earlier this month, the company said in a filing on Thursday. Public affairs representatives at the Justice Department did not respond...

  • June 15- Booz Allen Hamilton Holding Corp said the U.S. Department of Justice was investigating some of its cost accounting and indirect cost charging practices with the government, sending its shares down 12 percent after the bell. The Justice Department informed a unit of the consulting firm, Booz Allen Hamilton Inc, of the investigation earlier this month,...

  • "We have previously flagged the Waterworks transaction as a positive catalyst since it re-focused the portfolio on two end markets, is margin accretive, reduces leverage to sector norms and introduces a capital return deployment strategy," Morgan Stanley analyst Nigel Coe said in a note. Shares of the Atlanta- based company slumped as much as 19 percent to...

  • June 1- U.S. private employers added 253,000 jobs in May, above economists' expectations, a report by a payrolls processor showed on Thursday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 185,000 jobs, with estimates ranging from 155,000 to 240,000. Private payroll gains in the month earlier were revised...

  • Political consultant David Blaszczak, founder of Precipio Health Strategies; Christopher Worrall, most recently an employee of the U.S. Centers for Medicare and Medicaid Services; and Rob Olan and Ted Huber, most recently partners at healthcare hedge fund Deerfield Management entered their pleas before U.S. Olan and Huber are no longer listed on Deerfield's...

  • NEW YORK, May 24- Five men, including a Washington political consultant and a federal employee, were criminally charged on Wednesday with engaging in an insider trading scheme based on leaks from within a federal healthcare agency. Federal prosecutors in Manhattan announced the arrests of political consultant David Blaszczak, founder of Precipio Health...

  • NEW YORK, May 24- Five men, including a Washington, D.C. political consultant and a federal employee, were criminally charged on Wednesday with engaging in an insider trading scheme based on leaks from within a federal healthcare agency. Federal prosecutors in Manhattan on Wednesday announced the arrest of political consultant David Blaszczak, founder of...

  • *InVentiv owned by PE firms Advent, Thomas H. Lee Partners. May 10- INC Research Holdings Inc said on Wednesday it would merge with private equity-owned inVentiv Health Inc, a fellow contract research services provider, in a $4.6 billion all-stock deal to help it win contracts with large pharma companies. INC mainly caters to small and mid-sized pharma companies,...

  • *InVentiv owned by PE firms Advent, Thomas H. Lee Partners. May 10- INC Research Holdings Inc said on Wednesday it would buy fellow contract research services provider inVentiv Health Inc in a $4.6 billion deal to tap into the growing demand from healthcare companies for laboratory services. InVentiv, which is equally owned by private equity firms Advent...

  • May 10- INC Research Holdings Inc, which provides contract laboratory services, said it would buy privately held inVentiv Health Inc, which provides life sciences companies with drug development and consulting services, in a $4.6 billion deal. Private equity firms Advent International and Thomas H. Lee Partners, which has equal equity ownership of inVentiv,...