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Commercial and Professional Services Commercial Services and Supplies

  • Feb 16- Ralph Lauren Corp named a Vice Media executive to the newly created role of chief marketing officer and hired Tom Ford International's chief operating officer as a brand president, weeks after the surprise resignation of CEO Stefan Larsson. Jonathan Bottomley, most recently the chief strategy officer at Vice Media's in-house advertising agency,...

  • *Hejun Vanguard Group filed two complaints with MOFCOM. HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. Beijing- based Hejun Vanguard Group, a...

  • CHINESE CONSULTANCY FILE TWO COMPLAINTS WITH CHINESE GOVERNMENT OVER MCDONALD'S PLANNED SALE OP ITS CHINA BUSINESS.

  • Feb 15- Ad agency owner MDC Partners Inc said on Wednesday Goldman Sachs Group Inc would invest $95 million and get a seat on its board, sending its shares up about 30 percent. As of Sept. 30, the company had total liabilities of $2.09 billion and total assets of $1.6 billion. Bradley Gross, a managing director in the merchant banking division of Goldman Sachs, will join...

  • Blackstone has agreed to acquire insurance broker Aon's employee benefits outsourcing business for around $4.8 billion.

  • Feb 10- Advertising firm Interpublic Group of Cos Inc reported a 3.1 percent rise in quarterly revenue on Friday, as businesses in the United States continued to spend more on advertising. The company said net income attributable to shareholders rose to $317.6 million, or 78 cents per share, in the fourth quarter ended Dec. 31, from $260.3 million, or 63 cents per...

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to Blackstone Group LP for $4.3 billion in cash. Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018.. The repurchase program has been increased by $5 billion, bringing the total amount...

  • *Posts Q2 adjusted EPS of $0.19 vs estimates of $0.18. The company's news and information business, which includes the Wall Street Journal and the Times in London, has been suffering from lower ad sales as readership dwindles, with readers opting for free news on websites and mobile apps. Revenue in the business fell nearly 7 percent to $1.30 billion in the second...

  • The company's news and information business, which includes newspapers such as the Wall Street Journal and the Times in London, has been suffering from lower advertisements as readers prefer the quick and free news on websites and mobile apps. The business includes REA Group Ltd, a leading real estate advertising company in Australia, and Realtor.com in the...

  • NEW YORK, Feb 9- Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. Blackstone prevailed over buyout firm Clayton Dubilier& Rice LLC in an auction for the benefits administration and human resources...

  • PARIS, Feb 9- Publicis paid a hefty price for its acquisition of ad firm Sapient on Thursday, with a 1.4 billion-euro writedown on its Publicis.Sapient arm pushing the French group to an annual loss and underlining the challenge for its new chief executive. Thursday's total writedown of 1.44 billion euros casts a shadow over the legacy of departing CEO Maurice...

  • *Publicis hurt by charge, North America weakness. PARIS, Feb 9- A writedown of the value of its digital business drove Publicis to an annual loss and underlined the challenge facing the new chief executive who will take charge of the French advertising group in June. The world's third largest advertising company is preparing for change at the top when veteran...

  • Revenue, for the company which is one of the "big four" ad agencies, rose 2.1 percent to $4.24 billion, but missed analysts' average estimate of $4.26 billion, according to Thomson Reuters I/B/E/S. New York- based Omnicom, whose clients include Apple Inc, Procter& Gamble, McDonald's Corp and Adidas, said negative impact of foreign exchange rates reduced revenue in the...

  • 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...