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Commercial and Professional Services Commercial Services and Supplies

  • 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...

  • 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...