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,...» Read More
NEW YORK, Feb 9- Deloitte LLP has named veteran Cathy Engelbert as chief executive officer, making her the first woman to become CEO of a major U.S. accounting and consulting firm. Engelbert, 50, was formerly chairman and chief executive of Deloitte& Touche LLP, the U.S. auditing subsidiary of Deloitte LLP. Deloitte LLP is the U.S. arm of Deloitte Touche Tohmatsu, one of...
BOSTON, Feb 8- These are nervous times at the top of North America's oil companies. "2014 is going to look like a pretty good year for most," said Mike Halloran, senior partner and executive compensation specialist at the Dallas office of consulting firm Mercer. In dollar terms, energy company CEOs made an average of $7.3 million in 2013 compared with an average of $5.3...
Media Inc, reported lower-than-expected quarterly revenue as growth in mobile advertising slowed down, sending shares down 21 percent in extended trading. Net income rose to $12.3 million, or 6 cents per share, in the fourth quarter ended Dec. 31, from $8.9 million, or 4 cents per share, a year earlier. Revenue rose to $268 million from $200.4 million.
WASHINGTON, Feb 5- America's vast staffing industry knows it's time to jack up wages when it becomes difficult to find enough workers. While 2014 was the strongest year of job gains in the recovery from the 2007-09 recession, rising output is not yet translating into substantial wage gains for the workers Kelly Services, one of the country's largest providers of...
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Accenture raised its revenue forecast for fiscal 2015 after contract wins helped it post better-than-expected first-quarter earnings and revenue.
Indian retailers are struggling to keep up online as e-commerce garner large investments.
Amazon is planning to develop its own software for placing advertisements online, The Wall Street Journal reported.
Yahoo named former eBay executive Maynard Webb as its permanent chairman. The move comes as CEO Marissa Mayer's turnaround effort hits the one-year mark.
CNBC's Rick Santelli has the latest survey numbers from the nation's purchasing and supply executives.
Animal protection groups are applauding the settlement of federal claims that Neiman Marcus and two other retailers had marketed real fur as fake, The New York Times reports.
Using data provided by the financial information firm Sageworks, CNBC.com shows which industries took the worst beating in 2009 and 2010.
In another sign the American economy is on the comeback trail, a new survey from KPMG shows optimism is improving among U.S. manufacturing and service industry executives. Executives in both key sectors say the worst is behind us.