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Commercial and Professional Services Commercial Services and Supplies

  • Feb 7- Omnicom Group Inc, the No. 1 U.S. advertising company, reported a 2.1 percent rise in quarterly revenue due to heavy spending on ads by businesses in the United States. The company's net income rose to $348.7 million, or $1.47 per share, in the fourth quarter ended Dec. 31, from $328.3 million, or $1.35 per share, a year earlier. Revenue rose to $4.24 billion from $4.15...

  • Feb 6- Advisory Board Co said it would explore strategic alternatives, including a sale of part or the entire company, weeks after activist investor Elliott Associates LP said the healthcare IT company's stock was "significantly undervalued." On Jan. 12, Elliott Associates LP, a unit of activist hedge fund Elliott Management Corp, disclosed an 8.3 percent stake in...

  • Feb 6- Advisory Board Co said on Monday it would explore strategic alternatives, including a sale of part or the entire company. The company provides research and software tools as well as consulting services to healthcare and education companies. Advisory Board's announcement comes three weeks after Elliott Associates LP, a unit of activist hedge fund...

  • "As we reflect upon longer-term trends impacting the company's core advertising business, trends seem pretty clear with Google reinforcing its co-hegemonic position alongside Facebook on an ongoing basis," Pivotal Research Group analyst Brian Wieser. Operating loss in Other Bets narrowed to $1.09 billion from $1.21 billion in the fourth quarter ended Dec...

  • While advertising still accounts for the lion's share of Google's revenue, rising 17.4 percent to $22.4 billion in the fourth quarter, Alphabet Chief Financial Officer Ruth Porat underscored that the company is diversifying its business, pointing to growth in hardware, app sales and the cloud business. Google-branded hardware also showed promise as Google...

  • Google's ad revenue, which accounts for the bulk of its business, rose 17.4 percent to $22.40 billion in the fourth quarter. Despite the slight miss on earnings per share, analyst Kerry Rice of Needham and Company said the strong revenue growth suggests that Google's core business remains healthy. Research firm eMarketer has estimated that Google will capture...

  • Jan 26- Arthur Sadoun will take over as chief executive of advertising company Publicis Groupe SA from longtime CEO Maurice Levy on June 1, the company said on Thursday. Paris- based Publicis Groupe is the third-largest ad company in the world, part of what is considered the "Big Four" agency companies, along with WPP PLC, Interpublic Group of Companies Inc and...

  • Jan 24- Private equity firm Court Square Capital Partners is nearing a deal to buy U.S. business marketing firm Infogroup Inc for roughly $600 million, including debt, according to people familiar with the matter. New York- based CCMP, which was spun off from JPMorgan Chase& Co about a decade ago, took Infogroup private in 2010 for about $460 million.

  • Jan 23- Former Morgan Stanley executive Greg Fleming has joined asset management firm Axiom Capital Management, according to a regulatory filing, offering the first hint of what his life after Wall Street might look like. Fleming, who was once widely viewed as a possible successor to Morgan Stanley Chief Executive Officer James Gorman, will serve as a...

  • Jan 19- Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much of Aon's 2010 acquisition of human resources services provider Hewitt Associates Inc for $4.9 billion,...

  • Roland Rudd's political and business links are near unparalleled: he advised former Prime Minister Tony Blair and counts David Cameron as a friend, and his financial PR firm Finsbury represents about a quarter of FTSE 100 companies. He also heads the Open Britain group, which is campaigning for Britain to retain as close ties as possible with the European Union-...

  • MUMBAI, Jan 15- Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017.. Indeed, for Tata Sons, promoting one-time Tata intern Chandrasekaran to chairman of the $100 billion...

  • Jan 12- Elliott Associates LP, a unit of activist hedge fund Elliott Management Corp, disclosed an 8.3 percent stake in Advisory Board Co, saying the company's stock was "significantly undervalued". Shares of Advisory Board, which provides research and software tools as well as consulting services to healthcare and education companies, shot up as much as 17.15...

  • MUMBAI, Jan 12- India's biggest software services exporter Tata Consultancy Services Ltd said it would continue to focus on expanding its digital business after beating analyst estimates with a 10.9 percent rise in profit for the quarter to December. India's $150 billion showpiece information technology sector struggled through 2016 as Western clients...

  • TOKYO, Dec 29- The president of Dentsu Inc, Japan's largest advertising agency, will step down over the "death by overwork" of a young employee, a suicide which has prompted official probes and fresh hand-wringing over Japan's overtime culture. Matsuri Takahashi, a promising graduate of Japan's top university, leapt to her death in December 2015, leaving behind a...

  • TOKYO, Dec 28- The president of Dentsu Inc, Japan's top advertising agency, said on Wednesday he would step down in January over what the government has deemed the "death by overwork" of a 24- year-old employee. Ishii's resignation comes as Prime Minister Shinzo Abe is pushing a wide-reaching campaign to reform Japan's employment laws, which could include tighter...

  • WASHINGTON, Dec 27- The U.S. Securities and Exchange Commission charged a California lawyer on Tuesday with defrauding people who signed up for an immigrant investor program aimed at creating jobs for Americans. Emilio Francisco raised $72 million from investors in China, the SEC said in a statement. He and his marketing firm, PDC Capital, "diverted investor...

  • LONDON, Dec 19- WPP, the world's largest advertising agency, said on Monday that three of its subsidiaries had received subpoenas from the U.S. Department of Justice as part of an investigation into video production practices in the advertising industry. Rival groups Interpublic Group of Cos, Omnicom Group and Publicis Group SA had already announced that they...

  • LONDON, Dec 19- WPP, the world's largest advertising agency, said on Monday that three of its subsidiaries had received subpoenas from the U.S. Department of Justice as part of an investigation into video production practices in the industry. Run by the high-profile British businessman Martin Sorrell, WPP said that both the group and its subsidiaries were fully...

  • WASHINGTON, Dec 16- A Koch Industries- funded report warned on Friday U.S. gasoline prices would rise if Congress passed a Republican proposal to adjust U.S. corporate tax rates to favor exports over imports, escalating a lobbying battle over the measure. The report by energy consultant Philip Verleger surfaced a week after the private conglomerate, controlled...