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Commercial and Professional Services Professional Services

  • ISM nonmanufacturing index at 55.2 in March

    CNBC's Rick Santelli reports the latest read on the ISM nonmanufacturing index.

  • Audi has said a decision over whether Weiss could be re-employed cannot be taken until U.S. law firm Jones Day, hired by VW to investigate the scandal, has clarified his role and published a full report on its inquiries. But parent VW, which initially had pledged maximum transparency, has since decided not to disclose the findings of Jones Day although key parts...

  • Volkswagen said last week it had filed a complaint with a Munich court to prevent prosecutors from retaining and assessing material confiscated during a March 15 raid on U.S. law firm Jones Day. VW, whose supervisory board had commissioned Jones Day in late 2015 to investigate the diesel emissions test-cheating scandal, has said it would use every legal step to...

  • FRANKFURT, April 1- German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen emissions scandal, Automobilwoche magazine reported on Saturday. Volkswagen would also remain quiet on the internal investigations undertaken by U.S. law firm Jones Day it hired, a summary of whose findings was compiled in the form of a "...

  • FRANKFURT, April 1- German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen emissions scandal, Automobilwoche magazine reported on Saturday. Volkswagen would also remain quiet on the internal investigations undertaken by U.S. law firm Jones Day it hired, a summary of whose findings was compiled in the form of a "...

  • *VW contests March 15 prosecutors' raids on Jones Day. BERLIN, March 29- Volkswagen has filed a legal complaint with a Munich court, seeking to prevent German prosecutors from using information seized during searches of the law firm it hired to investigate its emissions scandal. VW had already condemned the search of offices of U.S. law firm Jones Day on March 15 and...

  • *VW contests March 15 prosecutors' raids on Jones Day. VW had already condemned the search of offices of U.S. law firm Jones Day on March 15 and said it would use every legal step to defend itself. Jones Day couldn't immediately be reached for comment.

  • That hands-off stance ended this month when Republican AGs voted to abandon the agreement and spend money to help unseat Democrats in other states, according to the Republican Attorneys General Association. The move comes as Democratic attorneys general in states across the country have assumed lead roles in opposing some of Republican President Donald...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite law firm Sullivan& Cromwell, is expected to win...

  • WASHINGTON, March 23- Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes. Clayton, a partner at elite commercial law firm Sullivan& Cromwell, is expected to...

  • HONG KONG, March 23- China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters. The State Administration of Foreign Exchange has informed investment bankers and lawyers of the...

  • WASHINGTON, March 22- Jay Clayton, President Donald Trump's nominee to chair the U.S. Securities and Exchange Commission, plans to promise lawmakers at his confirmation hearing on Thursday not to shy away from going after fraudsters. Clayton, a partner at the law firm Sullivan& Cromwell who Trump picked to head the federal regulator that polices and writes rules...

  • *Talks over settlement with hold-out shareholder group. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. One of the investors backing those...

  • *Talks over settlement with hold-out shareholder group. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. One of the investors backing those...

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a deal valuing the insurance brokerage at $4.3 billion.

  • By Andrew MacAskill and Kirstin Ridley. LONDON, March 17- Lawyers representing tens of thousands of Royal Bank of Scotland shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. It would also spare RBS, which is still more than 70...