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  • NY state regulator, consultant reach settlement Wednesday, 19 Aug 2015 | 9:09 AM ET

    ALBANY, N.Y.— New York state's financial regulator and Promontory Financial Group say they've reached a settlement agreement over the bank consultant's reports four years ago for Standard Chartered Bank. The agency says the consultant will pay $15 million and agrees to abstain for six months in taking on new consulting work that requires the department to...

  • CHARLESTON, S.C.— Years of planning to build a joint $4.5 billion Georgia-South Carolina container ship terminal on the Savannah River are nearing a milestone. Consultants told the South Carolina Ports Authority board on Wednesday that a permit will be sought this fall so the U.S. Army Corps of Engineers can begin environmental studies of the massive project.

  • NEW YORK, Aug 18- Promontory Financial Group LLC has agreed to pay $15 million to New York's banking regulator and refrain from certain new business with state-regulated banks for six months after being accused of whitewashing a report about sanctions compliance at Standard Chartered Bank. Promontory is the third consulting firm to settle with the New York...

  • Amazon's data-driven approach becoming more common Monday, 17 Aug 2015 | 5:15 PM ET

    A New York Times article over the weekend portrayed Amazon's work culture as "bruising" and "Darwinian" in part because of the way it uses data to manage its staff. "Every company is somewhere in process toward using data to get a better handle on who their top performers are and to understand where people stand," said John Challenger, CEO of outplacement consultancy...

  • Aug 13- Shares of Houlihan Lokey Inc's rose as much as 8.7 pct percent to $22.82 on Thursday in their debut on the New York Stock Exchange, valuing the boutique advisory firm at about $1.49 billion. Houlihan Lokey's initial public offering was priced at $21 per Class A share and raised $220.5 million. The company has advised on some of the biggest ever bankruptcies...

  • UPDATE 1-Facebook struggles to sell advertising in India Wednesday, 12 Aug 2015 | 5:41 PM ET

    SAN FRANCISCO/ MUMBAI, August 12- Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook has 132 million users in India, trailing only the 193 million in the United States, according to the...

  • Garda is working with investment banks Bank of America Corp, Jefferies LLC and Royal Bank of Canada and is in talks with a small number of private equity firms about a potential deal, according to the people. Montreal- based Garda is owned by private equity firm Apax Partners LLP and its founder Stéphan Crétie, which together took the company private in 2012 for C...

  • RPT-Facebook struggles to sell advertising in India Wednesday, 12 Aug 2015 | 7:00 AM ET

    SAN FRANCISCO/ MUMBAI, August 12- Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook has 132 million users in India, trailing only the 193 million in the United States, according to the...

  • Facebook struggles to sell advertising in India Wednesday, 12 Aug 2015 | 1:00 AM ET

    SAN FRANCISCO/ MUMBAI, August 12- Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook has 132 million users in India, trailing only the 193 million in the United States, according to the...

  • U.S. private sector adds 185,000 jobs in July -ADP Wednesday, 5 Aug 2015 | 8:22 AM ET

    NEW YORK, Aug 5- U.S. private employers hired 185,000 workers in July, which was the smallest increase since April and reduced expectations of a strong jobs reading in the government's payrolls report due Friday, according to a payrolls processor on Wednesday. The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report...

  • Aug 4- Printing services company RR Donnelley& Sons Co said it plans to split itself in three by spinning off its financial communications and retail print businesses into two publicly traded companies. The spinoffs, expected before the end of next year, will be in the form of a tax-free distribution to shareholders, RR Donnelley said on Tuesday.

  • Printing services company RR Donnelley to split Tuesday, 4 Aug 2015 | 6:50 AM ET

    Aug 4- Printing services provider RR Donnelley& Sons Co said it plans to split itself into three publicly traded companies.

  • NEW YORK, Aug 3- New York state's financial watchdog effectively suspended Promontory Financial Group LLC, a prominent consulting firm, from doing regulatory work for banks licensed by the state after finding that it whitewashed reports it gave to authorities. The New York State Department of Financial Services found that Promontory was not sufficiently...

  • On the Democratic side is Andrew Bleeker, a 30- year-old wunderkind who founded the digital consulting firm Bully Pulpit Interactive after whipping up President Barack Obama's digital outreach strategy for his second presidential run in 2012.. The veteran strategist helped sweep several Republican senators into office in 2014, including Iowa's Joni...

  • STRATHMORE, Alberta, July 21- Spring wheat crops in southeastern Alberta looked short and thin, showing more damage from hot, dry weather than expected by scouts on a crop tour Tuesday. A tour organized by CWB Market Research Services, formerly the Canadian Wheat Board, includes 20 scouts traveling three routes across Alberta, Saskatchewan and Manitoba from...

  • MEXICO CITY, July 16- OHL Mexico said on Thursday that audits it commissioned after becoming embroiled in a corruption scandal showed that the terms of two concessions it holds comply with the law. The audits, which the board asked consultants KPMG and FTI Consulting as well as law firm Jones Day to carry out, looked at two highway concessions in the State of Mexico...

  • SAO PAULO, July 14- Sky-high power prices in Brazil following the worst energy crisis in 15 years will favor quick expansion of distributed solar generation in the country, according to investors and consultants. Brazil's power sector watchdog Aneel is holding public hearings to discuss regulations to expand the system. "Power generation, particularly solar...

  • MUMBAI, July 8- India's IT outsourcing firms are betting on U.S. The United States is the biggest market for the outsourcing industry, which is dominated by Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd.. "In terms of technology maturity, other sectors like manufacturing, banking, are a lot more mature than healthcare," said Rajib Bhattacharya, head of a...

  • FRANKFURT/ SAN FRANCISCO, July 6- Italy's Hacking Team, which makes surveillance software used by governments to tap into phones and computers, found itself the victim of hacking on a grand scale on Monday. The controversial Milan- based company, which describes itself as a maker of lawful interception software used by police and intelligence services...

  • FRANKFURT, July 6- Italy's Hacking Team, which makes surveillance software used by governments to police the web, appeared to be the victim of hacking on a grand scale itself on Monday. The Milan- based company, which describes itself as a maker of lawful interception software used by police and intelligence services worldwide, has been accused by...