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  • 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...

  • 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...

  • SAN FRANCISCO, Aug 11- Amazon.com Inc quietly shuttered a pay-per-click advertising program that allowed businesses to divert traffic from the retailer's platform to their own websites on Tuesday, saying it would permanently discontinue the program in October. "Our customers performed really well with it because it provided a middle ground of being able to...

  • Aug 6- Dairy Farmers of America Inc has agreed to pay $50 million to settle a class-action lawsuit in which farmers in the northeastern United States accused the marketing cooperative of conspiring to drive down milk prices. In their lawsuit, which began in October 2009, farmers accused Dairy Farmers of America, its Dairy Marketing Services LLC arm, and dairy...

  • 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...

  • July 31- Martin Sorrell's WPP and buyout firm Providence agreed on Friday to buy British marketing group Chime Communications for 374 million pounds in a bid to turn the smaller group into a global sports marketing agency. The offer from Providence and shareholder WPP includes an interim dividend of 2.53 pence per share. WPP, which owns about 20 percent of Chime,...

  • WPP and Providence agree Chime deal for 374 mln stg Friday, 31 Jul 2015 | 2:18 AM ET

    LONDON, July 31- Martin Sorrell's WPP and buyout firm Providence agreed on Friday to buy British marketing group Chime Communications for 374 million pounds in a bid to turn the smaller group into a global sports marketing agency.

  • BRUSSELS, July 27- In early 2013, President Barack Obama's call for a U.S.-EU trade deal generated such optimism in Europe that the graffiti "NO TAFTA, NO TTIP" scrawled under a bridge near the EU headquarters in Brussels was an isolated message of dissent. More than two years on, with the graffiti still there, European officials are ruing their failure to spot early...

  • LONDON, July 23- The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. Shares in DMGT fell 8.5 percent to a four-month low of 850.5 pence at 0718 GMT after it joined rivals Trinity Mirror and Johnston...

  • LONDON, July 23- The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. The market expects the Daily Mail& General Trust to report revenues between 1.82 billion pounds and 1.93 billion pounds and...

  • 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...

  • July 21- Yahoo Inc forecast lower-than-expected revenue for the current quarter as it struggles to revive its core online advertising business and spends more to attract users to its websites. Yahoo has been developing content for its mobile platform to drive user engagement and ad sales as its core online advertising business struggles in the face of stiff...

  • July 21- Yahoo Inc reported a lower-than-expected profit, hurt by higher spending to attract users to its websites to better compete with Google Inc and Facebook Inc.. Shares of Yahoo fell 2 percent to $38.78 in after-market trading on Tuesday. Yahoo has been developing content for its mobile platform to drive user engagement and ad sales, as its core online...

  • July 21- Omnicom Group Inc, the biggest U.S. advertising company, reported quarterly revenue that beat analysts' average estimate, helped by a rise in spending in North America. Omnicom, whose clients include Apple Inc, McDonald's Corp and Adidas, said a strong dollar reduced worldwide revenue by 7.1 percent, lower than the 7.5 percent it forecast in April.

  • BRIEF-EXPERIAN SAYS SOLD RETAIL INTELLIGENCE BUSINESS. *Footfall's revenue for year ended 31 March 2015 was $39 mln, which was included within marketing services. *Divested its retail intelligence business, Footfall, for a cash consideration of 38.5 mln stg to Tyco.

  • 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...

  • Beer battle brews as Heineken returns to Myanmar Friday, 10 Jul 2015 | 2:08 AM ET

    The opening of a new Heineken manufacturing site on Sunday will mark the latest salvo in what is a brewing Asia beer war, the Financial Times reports.

  • 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...

  • Advertising group WPP to appoint executive in Cuba Thursday, 2 Jul 2015 | 6:39 AM ET

    LONDON, July 2- WPP, the world's biggest advertising group, is to appoint an executive in Cuba, saying on Thursday it would be the first major international communications services group to conduct business on the Communist-ruled island. The move comes a day after the United States and Cuba formally agreed to restore diplomatic relations on July 20, setting up a...