Industrials Commercial and Professional Services

More

  • CHARLESTON, W.Va.— A former environmental consultant at a chemical distributor was sentenced to three years' probation and fined $10,000 Monday for a 2014 chemical spill that fouled the drinking water supply of 300,000 West Virginians. Robert Reynolds was the first of six ex- Freedom Industries officials to be sentenced on pollution charges in federal court...

  • NEW YORK— Xerox is separating into two independent publicly traded companies. Xerox announced in October that it planned to conduct a review of its operations in the hopes of boosting shareholder value. Xerox and Icahn reached a deal on the governance of the business process outsourcing company.

  • Xerox reported its 15th consecutive quarter of declining sales on Friday and announced plans to split the company into two businesses. Xerox said Friday that it will spin off the services operation it acquired when it bought Affiliated Computer Services Inc. for nearly $6 billion in 2010.. Xerox reported better-than-expected earnings for the quarter that...

  • Printer maker Xerox to split into two Friday, 29 Jan 2016 | 6:52 AM ET

    Jan 29- Xerox Corp said it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit. The printer and copier maker will give billionaire activist investor Carl Icahn, who holds an 8.13 percent stake, three seats on the board of the business process outsourcing company. Xerox, whose shares had...

  • SAO PAULO, Jan 28- Debt restructuring firms are poised to pull in record amounts of business in Brazil this year as the country's worst recession in decades and a corruption probe that has cast a shadow over dozens of companies leads to a surge in defaults. Scenting an opportunity, U.S. restructuring shops including FTI Consulting Inc, Houlihan Lokey Inc, and...

  • RIYADH, Saudi Arabia— Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges. "All the consulting houses are here in Saudi Arabia. The who's who of Saudis are working on it, "Deputy Governor of the Saudi Arabian General Investment Authority, Prince Saud al-Faisal, told The Associated...

  • NEW YORK— Cellphone company Sprint is eliminating more jobs as it seeks to cut costs and turn around its business. Sprint spokesman Dave Tovar says the country's No. 4 wireless service provider has cut about 2,500 jobs since last fall, or about 8 percent of its workforce. Shares of the Overland Park, Kansas- based company are down about 39 percent in the past 12 months.

  • Browning-Ferris appeals key U.S. labor board ruling Friday, 22 Jan 2016 | 6:20 PM ET

    Jan 22- A California waste management company has launched a legal challenge to a new U.S. labor board standard for "joint employment" that could make it easier for unions and regulators to hold companies accountable for the practices of staffing agencies, contractors and franchisees with which they partner. Browning-Ferris Industries, a subsidiary of...

  • NEW YORK, Jan 21- Investors pulled $5.2 billion from U.S.-based stock funds during the week that ended Jan. 20, Lipper data showed on Thursday, extending to three straight weeks the funds' streak of outflows. U.S.-based taxable bond funds posted $412 million in withdrawals over the same period, data from the fund research service showed. Relatively low-risk money...

  • Jan 20- More U.S. companies could be classified as "joint employers" of workers employed by a staffing agency or contractor and held liable for labor violations tied to those staff, the U.S. Labor Department said in guidance published Wednesday. "As the workplace continues to fissure, and as employment relationships continue to become more tenuous and murky, we...

  • The Labor Department guidance could affect companies ranging from construction firms to restaurant chains that could be held responsible if, for instance, one of their temp or contract workers did not get minimum wage from his or her employer. The Labor Department issued a proposed rule last year that would more than double the maximum income a salaried...

  • LONDON, Jan 14- British shareholder advisory firm PIRC on Thursday recommended investors vote in favor of Royal Dutch Shell's $48 billion acquisition of BG Group later this month.

  • MUMBAI, Jan 12- Tata Consultancy Services Ltd is eyeing acquisitions in Europe as well as healthcare technology companies in the U.S. to boost growth, its chief executive said on Tuesday, as India's largest IT services exporter post a 12- percent rise in quarterly profit. India's export-driven outsourcing firms are betting on U.S. healthcare reform to fire up...

  • Jan 11- IHS Inc said it agreed to buy U.S.-based Oil Price Information Service for $650 million to add real-time pricing information to its energy analytics business. The company agreed in December to buy Canada- based vehicle data provider Carproof Corp for $460 million to boost its automotive research business. The acquisition "gives IHS visibility across...

  • Jan 11- Business research firm IHS Inc said it agreed to buy Oil Price Information Service, a provider of U.S. refined petroleum pricing data, for $650 million.

  • RIG-OL-USA- BHI> The remaining 516 rigs were the fewest since April 2010, according to the data, but few expect the slump to end there. "So long as the price for oil stays low, the rig count will continue to decline," said Arthur Gelber, founder and president of energy consulting and advisory firm Gelber and Associates in Houston. U.S. oil futures on Friday failed to draw...

  • *Trade deficit narrows to $42.4 billion in November. WASHINGTON, Jan 6- U.S. private companies added workers at a brisk clip in December, pointing to underlying strength in the economy despite signs that growth slowed sharply in the fourth quarter. Payrolls processor ADP said private-sector employment rose by 257,000 last month, the largest gain since December...

  • NEW YORK, Jan 4- A former partner at consulting firm McKinsey& Co has been arrested on charges that he engaged in a scheme to submit fraudulent invoices and expenses to the company and clients, including State Farm, for more than $890,000. He was named in an indictment filed in federal court in Chicago along with a former internal State Farm consultant, Matthew...

  • NEW YORK, Jan 4- A former partner at the McKinsey& Co consulting firm has been arrested on charges that he engaged in a scheme to submit fraudulent invoices and expenses to the company and clients, including State Farm, for more than $999,000. He was named in an indictment filed in federal court in Chicago along with a former internal State Farm consultant, Matthew...

  • Freeport said Moffett, who had been appointed chairman emeritus, would be a consultant to its board and advise the company on its Indonesia operations, including Grasberg. Icahn, who owned 8.8 percent stake in Freeport as of Sept. 22, has criticized the miner's spending, capital structure and executive compensation at a time when the company is struggling with...