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  • RIYADH, Saudi Arabia— Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges. "All the consulting houses are here in Saudi Arabia. The who's who of Saudis are working on it, "Deputy Governor of the Saudi Arabian General Investment Authority, Prince Saud al-Faisal, told The Associated...

  • NEW YORK, Jan 21- Investors pulled $5.2 billion from U.S.-based stock funds during the week that ended Jan. 20, Lipper data showed on Thursday, extending to three straight weeks the funds' streak of outflows. U.S.-based taxable bond funds posted $412 million in withdrawals over the same period, data from the fund research service showed. Relatively low-risk money...

  • LONDON, Jan 14- British shareholder advisory firm PIRC on Thursday recommended investors vote in favor of Royal Dutch Shell's $48 billion acquisition of BG Group later this month.

  • MUMBAI, Jan 12- Tata Consultancy Services Ltd is eyeing acquisitions in Europe as well as healthcare technology companies in the U.S. to boost growth, its chief executive said on Tuesday, as India's largest IT services exporter post a 12- percent rise in quarterly profit. India's export-driven outsourcing firms are betting on U.S. healthcare reform to fire up...

  • Jan 11- IHS Inc said it agreed to buy U.S.-based Oil Price Information Service for $650 million to add real-time pricing information to its energy analytics business. The company agreed in December to buy Canada- based vehicle data provider Carproof Corp for $460 million to boost its automotive research business. The acquisition "gives IHS visibility across...

  • Jan 11- Business research firm IHS Inc said it agreed to buy Oil Price Information Service, a provider of U.S. refined petroleum pricing data, for $650 million.

  • RIG-OL-USA- BHI> The remaining 516 rigs were the fewest since April 2010, according to the data, but few expect the slump to end there. "So long as the price for oil stays low, the rig count will continue to decline," said Arthur Gelber, founder and president of energy consulting and advisory firm Gelber and Associates in Houston. U.S. oil futures on Friday failed to draw...

  • NEW YORK, Jan 4- A former partner at consulting firm McKinsey& Co has been arrested on charges that he engaged in a scheme to submit fraudulent invoices and expenses to the company and clients, including State Farm, for more than $890,000. He was named in an indictment filed in federal court in Chicago along with a former internal State Farm consultant, Matthew...

  • NEW YORK, Jan 4- A former partner at the McKinsey& Co consulting firm has been arrested on charges that he engaged in a scheme to submit fraudulent invoices and expenses to the company and clients, including State Farm, for more than $999,000. He was named in an indictment filed in federal court in Chicago along with a former internal State Farm consultant, Matthew...

  • Freeport said Moffett, who had been appointed chairman emeritus, would be a consultant to its board and advise the company on its Indonesia operations, including Grasberg. Icahn, who owned 8.8 percent stake in Freeport as of Sept. 22, has criticized the miner's spending, capital structure and executive compensation at a time when the company is struggling with...

  • Dec 28- Freeport-McMoRan Inc co-founder James Moffett will step down as chairman and quit its board, months after the miner added two new directors under pressure from billionaire investor Carl Icahn. Moffett, who has been appointed chairman emeritus, will be a consultant to Freeport-McMoRan's board, including advising the company on its Indonesia...

  • NEW YORK, Dec 17- U.S. investors withdrew $15.4 billion from taxable bond funds over the week ended Dec. 16, Lipper said on Thursday, as some funds posted record-setting withdrawals in a week marked by fears over the stability of the bond market. "We saw some very large redemptions, in fact, we set some records," said Tom Roseen, head of research services for Lipper.

  • Dec 17- Accenture Plc reported a better-than-expected jump in quarterly revenue, helped by strong growth in its consulting business, particularly in North America. The business accounts for just over half of Accenture's revenue, with its outsourcing unit contributing the rest. Accenture has been investing heavily to boost its digital business, which offers...

  • Dec 17- Accenture Plc reported a 1.5 percent rise in quarterly revenue, helped by strong growth in its high-margin consulting business, particularly in North America. Net income fell to $858.5 million, or $1.28 per share, in the first quarter ended Nov. 30 from $882.2 million, or $1.29 per share, a year earlier. Net revenue, or revenue before reimbursements, rose to...

  • Dec 15- A consultant hired by the state of Michigan to help oversee Detroit's $121 million blight-removal program- a key part of the city's efforts to rebuild itself after a historic bankruptcy- has been accused of falsifying billing statements for his work, the state's attorney general said on Tuesday. Ellentuck is accused of overbilling for asbestos...

  • *CSC to buy Xchanging for 190 p/shr in cash. *Xchanging recommends CSC offer over Capita bid. Dec 9- British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about 480 million pounds after the U.S. technology consulting company topped an offer from Capita Plc.

  • Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, beating out other suitors in a bidding war for the insurance-focused outsourcing company. The cash offer of 190 pence per share represents a premium of about 72 percent to Xchanging's closing price on Oct. 2, the day before the...

  • Computer Sciences Corp to buy Xchanging for $721 mln Wednesday, 9 Dec 2015 | 3:23 AM ET

    Dec 9- Technology consulting company Computer Sciences Corp will buy Xchanging Plc for about 480 million pounds, the companies said, ending a bidding war for the provider of services to the insurance industry.

  • SHANGHAI, Dec 4- More steel mills in the Chinese province of Shanxi have halted production due to shrinking demand and a shortage of cash, according to industry consultancy Custeel, potentially stoking a rout in prices for raw ingredient iron ore. Among the main 23 steel mills in the northern province, 10 including Linfen Iron& Steel, a unit of state-owned Taiyuan...

  • Lipper@ NEW YORK, Dec 3- Investors withdrew $6.6 billion from U.S. stock and taxable-bond mutual funds during the week that ended Dec. 2, Lipper data showed on Thursday, marking the fourth straight week of outflows for those investments. "Retail investors threw the baby out with the bath water," said Tom Roseen, head of research services at Lipper.