Commercial and Professional Services Commercial Services and Supplies

  • Aug 23- Borrowings by U.S. companies for capital investment in July fell 17 percent from a year earlier, the Equipment Leasing and Finance Association said. Companies signed up for $7 billion in new loans, leases and lines of credit last month, the Washington- based trade group said on Monday. It is designed to complement the U.S. Commerce Department's durable goods...

  • *Plans to use Tapad to enter mobile advertising- CEO. ARENDAL, Norway, Aug 22- Norway's Telenor will set up a separate business unit to claim a share of the rapidly growing mobile advertising market in Asia, Chief Executive Sigve Brekke told Reuters. Its advertising strategy builds on technology from Tapad, a U.S.-based startup it acquired earlier this year for...

  • *China tech M&A doubled to $68 bln last year. HONG KONG, Aug 18- When ride-hailing firm Didi Chuxing agreed to buy Uber Technologies Inc's China unit this month, creating a $35 billion business, both firms used in-house advisory teams, meaning the investment banks that normally advise on these deals missed out on an estimated $60 million in fees.

  • *Robo-advisory seen surging to $900 bln AUM in China by 2020. Although still in its infancy, assets under management of robo-advisors in China are expected to balloon to 6 trillion yuan by 2020, according to China Merchants Securities estimates, underscoring the potential for growth in an industry that was non-existent until recently. Kearney estimates for...

  • Aug 10- Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday. Year-end compensation will down 5 to 15 percent for investment bankers that advise on mergers and acquisitions, according to the most widely followed report concerning compensation on Wall...

  • Valeant, which has been under scrutiny for its business and accounting practices, appointed Christina Ackermann as executive vice president and general counsel. Ackermann, who has served in various legal roles at Novartis AG, will replace Robert Chai-Onn. Hirsh joins the company from Citadel Investment Group, where he oversaw equity investments and risk...

  • LONDON, Aug 8- British consumer spending picked up last month but business confidence remained weak, according to two surveys on Monday that painted a mixed picture of the economy after Britons voted in a June 23 referendum to leave the European Union. A survey by Visa UK, based on Visa credit and debit card data, showed consumer spending rose 1.6 percent in July...

  • *Posts revenue of $769 mln vs est $782.5 mln. Chief Financial Officer Jeff Bairstow said the forecast included the adverse impact of the restructuring of its sales and marketing divisions and Britain's vote to leave the European Union. Time plans to lay off about 110 of its employees to focus on the reorganization of its sales and marketing divisions, the Wall...

  • Aug 1- Carl Icahn's Icahn Enterprises LP said on Monday that the billionaire investor's son, Brett Icahn, and David Schechter were no longer co-managers of the Sargon Portfolio, and would instead stay on as consultants for now. Brett Icahn and Schechter have been co-managing the portfolio since April 2010 and Icahn Enterprises said Monday their co-manager...

  • The company, which is splitting into two to separate its printer and business process outsourcing businesses, took $71 million in restructuring and related charges in the second quarter, less than the $100 million it estimated in April. The company also cut its estimate for one-time pretax separation costs to $175 million- $200 million from $200 million- $250...

  • July 28- Alphabet Inc, Google's parent, on Thursday revealed that efforts to push its vast advertising business toward mobile is paying off as second quarter earnings handily beat Wall Street's expectations. Advertisers typically pay less for user clicks on mobile ads than on desktop ads, Google's traditional strength, but the strong earnings performance...

  • The sharp revenue growth suggests that Google is successfully navigating the high-stakes transition from desktop to mobile advertising, said Colin Gillis, an analyst with BGC Partners. Strong gains in the red-hot video market also drove the company's growth in the quarter, Google Chief Executive Officer Sundar Pichai said during a call with investors.

  • NEW YORK, July 28- Donny Deutsch pops up pretty much everywhere in the American mediascape. You might know the 58- year-old New York City native from his time as head of Deutsch Inc, one of the biggest ad firms in the country that was acquired by Interpublic Group. Or from his former CNBC talk show "The Big Idea with Donny Deutsch," or his scripted comedy series "Donny!"

  • *Net profit Y2.6 bln vs Y5.3 bln loss year prior. TOKYO, July 27- Japan's Line Corp on Wednesday said soaring advertising revenue helped it swing into profit in the first half of the year, in the messaging app maker's first public earnings report since its billion-dollar stock market listing. Line enjoyed a stellar debut on both the Tokyo and New York exchanges this...

  • BRIEF-ITV CEO SAYS TOO EARLY TO PREDICT IMPACT OF BREXIT ON. *Ceo says too early to say what impact Brexit vote will have on ad markets after September. *Ceo says still have a long way to go in our turnaround program.

  • LONDON, July 21- The owner of Britain's Daily Mail newspaper, which urged Britons to vote out at the EU referendum, said on Thursday that the Brexit result had sparked uncertainty in advertising and property markets. In the three weeks since June 26, and after the June 23 referendum, the advertising market improved slightly, with print advertising down 8 percent...

  • NEW YORK/ TORONTO, July 19- BlackBerry Ltd said on Tuesday it had signed a five-year, multimillion-dollar deal to run emergency notifications for the U.S. Senate, among a handful of small deals the company unveiled as it shifts its focus to software from smartphones. The Canadian company also said that AtHoc, a crisis communications firm it bought last year, had...

  • NEW YORK/ TORONTO, July 19- BlackBerry Ltd said on Tuesday it had signed a five-year, multimillion-dollar deal to run emergency notifications for the U.S. Senate, among a handful of small deals the company unveiled as it shifts its focus to software from smartphones. The Canadian company also said that AtHoc, a crisis communications firm it bought last year, had...

  • The Canadian company also said on Tuesday that AtHoc, a crisis communications firm it bought last year, had expanded a deal with the U.S. Coast Guard to cover staff in Washington, D.C. BlackBerry did not provide financial details of the deals.

  • YENAGOA, Nigeria, July 18- Militants in Nigeria have attacked a crude oil pipeline on the outskirts of Warri, a city in the Niger Delta, which is operated by a subsidiary of the Nigerian National Petroleum Corporation, a community leader said on Monday. Two blasts were heard on the Pipelines and Product Marketing Company line Sunday night, said Batan community...