Commercial and Professional Services Commercial Services and Supplies

  • SAN FRANCISCO— Facebook is apologizing to advertisers for what it calls an error that overstated the average length of time users watched videos on the site. The measurement didn't affect how much Facebook charges to run video spots, but analysts say ad agencies may have used the Facebook estimates as a key metric when they plan campaigns and decide how much...

  • TOKYO, Sept 23- Japan's top advertising agency, Dentsu Inc, admitted on Friday to overcharging its clients and falsifying the impact of its digital ads in inappropriate transactions involving more than 100 clients in Japan. Dentsu said it had so far found 633 suspicious transactions with 111 advertisers amounting to about 230 million yen.

  • NEW YORK— Buying some suits at Ralph Lauren might mean being offered a chauffeured ride home in a BMW. New clothes from Saks could lead to a Mercedes-Benz van carrying a customized wardrobe pulling up to a home, hotel or office. Robert Burke, president of his namesake New York- based luxury consulting business, said he was surprised when the Ralph Lauren sales staff...

  • Sept 22- Facebook Inc's Instagram said on Thursday its advertising base more than doubled to exceed 500,000 in the last six months. Instagram, the popular picture-sharing app that uses Facebook's ad technology to target highly specific audiences, has gained traction as the preferred platform used by ad agencies for social media campaigns.

  • "There's always a lump in your throat because you don't know what you're going to get," says Darren Ambler, a managing director at Insight Performance, a Dedham, Massachusetts- based human resources provider. Several medium-sized clients of The Megro Benefits Co., a consulting company, are facing 38 percent increases in their 2017 premium costs.

  • Sept 14- A small number of U.S.-based startups are harvesting data about the hundreds of millions people who illegally stream movies, TV shows and music in a bid to create a new advertising market. The biggest of these startups, Tru Optik, signed a deal earlier this year to share its data with New York media agency Mindshare, a division of GroupM, which is owned by WPP,...

  • LONDON, Sept 12- Spending on global advertising will grow by a better-than-expected 4.4 percent this year, led by the United States, a leading forecaster said on Monday. Zenith, owned by France's Publicis, raised its global growth forecast for this year from the 4.1 percent it predicted in June, despite the uncertainty sparked by Britain's vote to leave the...

  • NEW YORK, Sept 7- The man who since 2008 has run BlackRock Inc's quasi-consulting arm for governments, regulators and massive financial firms plans to leave the company next year, according to an internal memo. "FMA has not only become a thriving business, it has contributed to BlackRock's reputation in a way that truly sets us apart from other asset managers," said...

  • Aug 31- Genesys Telecommunications Laboratories Inc, a provider of call center software, said it would buy rival Interactive Intelligence Group Inc for about $1.4 billion. Bank of America Merill Lynch, Citi, Goldman Sachs and RBC Capital Markets were financial advisers to Genesys, while Fried, Frank, Harris, Shriver& Jacobson LLP is its legal adviser.

  • Aug 30- Uber Technologies Inc has plucked a top executive from U.S. retailer Target to help lead the growing ride-services company and reshape its image. Uber said on Tuesday it hired Jeff Jones, chief marketing officer for Target Corp, to oversee the bulk of its global operations. "Jones has a strong track record of driving the narrative around Target's brand, and...

  • Aug 30- Uber Technologies Inc has plucked a top executive from retail giant Target to help lead the growing ride services company and reshape its image. Uber said on Tuesday it hired Jeff Jones, chief marketing officer for Target Corp, to oversee the bulk its global operations. Uber Chief Executive Travis Kalanick said in a blog post that he and Jones met in...

  • *Company says UK business performed strongly last month. Run by high-profile businessman Martin Sorrell, the UK group said investments in technology had helped to reduce some costs, while the plunge in the pound following Britain's vote to leave the European Union had helped reported revenues. "In April to June we saw a slowdown in the UK before the vote and after...

  • 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...