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  • 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.

  • 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...

  • SAN FRANCISCO— As the digital advertising market booms and demand for smartphones wanes, Alphabet Inc. could soon dethrone Apple as the world's most valuable company. At the end of trading on Thursday, Apple's market value stood at $522 billion; Alphabet was worth $515 billion. Apple then boasted a market value of $643 billion, almost twice Google Inc.' s $361...

  • Jan 28- Facebook Inc's market value soared by $38 billion in morning trading on Thursday, vaulting the company ahead of Amazon.com Inc, after the social networking service's quarterly results blew away expectations on every key measure. Facebook's stock jumped more than 14 percent to $107.95 after the company reported a blockbuster quarter on Wednesday,...

  • Facebook shares jump 12 pct as mobile ads win big Thursday, 28 Jan 2016 | 6:40 AM ET

    The jump in shares was set to add nearly $33 billion to Facebook's market value, putting the company on track to re-enter the $300 billion club. Piper Jaffray was the most bullish, raising its target to $170 from $155. The median target on the stock is $140, suggesting that Facebook could add $129 billion in market value over the next 12 months.

  • 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...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Wednesday ruled against advertising firm Campbell-Ewald in a class action case, saying the lawsuit can proceed over claims the company violated a federal consumer law by sending unsolicited text messages on behalf of the U.S. Navy. In a 6-3 decision, the court upheld a ruling by the San Francisco- based 9th U.S. Circuit...

  • WASHINGTON, Jan 20- The U.S. Supreme Court on Wednesday ruled against advertising firm Campbell-Ewald in a class action case, saying the lawsuit can proceed over claims the company violated a federal consumer law by sending unsolicited text messages on behalf of the U.S. Navy. In a 6-3 decision, the court upheld a ruling by the San Francisco- based 9th U.S. Circuit...

  • 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...

  • 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...

  • 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...

  • Dec 28- Freeport-McMoRan Inc co-founder James Moffett will step down as chairman and quit its board, months after the miner added two new directors under pressure from billionaire investor Carl Icahn. Moffett, who has been appointed chairman emeritus, will be a consultant to Freeport-McMoRan's board, including advising the company on its Indonesia...

  • INSIGHT-"Das Auto" no more: VW plans image offensive Tuesday, 22 Dec 2015 | 5:45 AM ET

    *VW to ditch "pretentious" Winterkorn-era slogan. BERLIN, Dec 22- Scarred by a public relations thrashing over its "Dieselgate" scandal, Volkswagen is planning an image offensive, and its "Das Auto" global advertising slogan is an early casualty. Launched in 2007 under ousted boss Martin Winterkorn, the slogan has had the advantage of simplicity, merely meaning "The...

  • Dec 18- U.S. companies' borrowing to spend on capital investment fell 12 percent in November, trade association Equipment Leasing and Finance Association said. Credit approvals totaled 79 percent in November, down slightly from 80.1 percent in October, said ELFA, a Washington- based trade association that reports economic activity for the $1 trillion...

  • Dec 17- Accenture Plc reported a better-than-expected jump in quarterly revenue, helped by strong growth in its consulting business, particularly in North America. The business accounts for just over half of Accenture's revenue, with its outsourcing unit contributing the rest. Accenture has been investing heavily to boost its digital business, which offers...