NEW YORK, March 12- Over the next decade, Wall Street banks will cut in half the proportion of support staff they have in pricey cities like New York and London and shift those workers to less expensive cities in the developing world, according to a projection by consulting firm Johnson Associates Inc..» Read More
Nov 5- IT services firm Cognizant Technology Solutions Corp reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on consulting.
Nov 5- Cognizant Technology Solutions Corp reported a 15 percent rise in quarterly profit as businesses, especially financial firms, spent more on IT and consulting services. The company's net income rose to $319.6 million, or $1.05 per share in the third quarter, from $276.9 million, or 91 cents per share, a year earlier. Revenue rose 22 percent to $2.31 billion.
*ISS accounts for about 11 percent of MSCI's revenue. Oct 31- Stock market index provider MSCI Inc said on Thursday that it was exploring strategic options for its influential and controversial proxy advisory unit, Institutional Shareholder Services Inc..
Oct 30- PricewaterhouseCoopers said on Wednesday it agreed to buy Booz& Co., ratcheting up an aggressive move by large audit firms back into the lucrative consulting business more than 10 years after U.S. regulators tried to tease apart the two sectors.
Oct 30- Parexel International Corp's shares fell as much as 18 percent after the drug research services provider said it struggled to win new contracts when rivals reported strong results and raised their forecasts.
NEW YORK, Oct 30- If you have been waiting years for a decent raise, you will probably have to keep waiting- the average salary increase in the United States planned for 2014 will be only 2.9 percent, according to a Towers Watson survey. And rather than being shared equally, that raise will be aimed disproportionately at workplace stars.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers said on Wednesday it struck a deal to buy corporate consulting firm Booz& Co, the latest in a string of mergers by global audit firms aimed at bulking up their fast-growing advisory businesses.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers struck a deal to buy corporate consulting firm Booz& Co to bulk up its advisory and tax business. The companies said the deal is subject to approval from Booz& Co's partner vote, scheduled for December.
Some cities may need to be pushed into bankruptcy, while others may just need a healthy dose of private-sector medicine, said TransPro Consulting CEO Mark Aesch.
Lynn Drake, a lecturer at Harvard Medical School and current chairwoman of the panel that advises the FDA on drugs to treat skin and eye conditions, is scheduled to speak at a conference whose stated aim is to help companies "walk away with strategies to successfully present before a committee and avoid potential roadblocks."
The U.S. Securities and Exchange Commission said that Modern Portfolio Management Inc., Equitas Capital Advisers LLC, and Equitas Partners LLC would each pay financial penalties and hire compliance consultants to resolve the charges.
DUBAI, Oct 3- Residential house prices in Dubai are increasing at an unsustainable rate and may see correction over the next 12 months, a report by property consultancy Jones Lang LaSalle said on Thursday. The IMF warned in July that overspending could leave Dubai vulnerable to another debt crisis if global market conditions deteriorated.
*Sees first-qtr revenue $7 bln- $7.3 bln vs est $7.39 bln. Sept 26- Accenture Plc said it was too early to say if the fourth-quarter growth in its consulting business was sustainable, and forecast quarterly revenue below analysts' estimates. Revenue in Accenture's bigger business, consulting, grew 2 percent to $3.8 billion in the three months ended August.
Sept 26- Accenture Plc reported higher-than-expected quarterly revenue as income in its bigger business, consulting, rose after four quarters of decline, but the company forecast current-quarter revenue below analysts' estimates. Accenture said it expects first-quarter revenue of $7 billion- $7.3 billion.
Sept 26- Accenture Plc reported a 14 percent jump in quarterly profit as revenue in its consulting business rose after four consecutive quarters of decline. Net income rose to $727.3 million, or $1.01 per share, in the fourth quarter, from $636.2 million, or 88 cents per share, a year earlier. Revenue rose 4 percent to $7.09 billion.
*Retiree committee hires Lazard, Segal. DETROIT, Sept 19- Detroit's retirees have bolstered their defenses against benefit cuts in the city's bankruptcy case by hiring Ron Bloom, a chief architect of the Obama administration's 2009 U.S. auto bailout and long-time adviser to unions in industry shake-ups.
*Third-quarter adjusted earnings $1.27/ share vs est $1.18. *Revenue $480.3 mln vs est $468.5 mln. Sept 19- Research firm IHS Inc reported better-than-expected quarterly results as a major product release and demand for consulting services boosted non-subscription revenue, and it said strong demand was continuing in the current quarter.
To outsiders, McKinsey & Co. is a simply a consulting firm, but for many of the biggest hitters in corporate America, it is an indispensable tool.
Morningstar said personal information, including credit-card details, of about 2,300 customers may have been compromised due to a security breach last year.
Ben Lawsky, New York state's superintendent of financial services, talks with CNBC's Kate Kelly about the financial regulatory landscape, saying, "We want banks to do business, but not funny business."