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Industrials Commercial and Professional Services

  • Aug 14- Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc had "unfairly characterized" their interactions in an effort to make the hedge fund's requests "appear unreasonable". Pershing, led by billionaire investor William Ackman, said on Monday it had not sought effective control of ADP...

  • NEW YORK, Aug 10- The CEO of Automatic Data Processing Inc slammed investor William Ackman on Thursday, likening the hedge fund manager to a "spoiled brat," and skewering the billionaire's research efforts into the payroll processor. ADP CEO Carlos Rodriguez, in an interview with CNBC, called his interactions with Ackman "baffling and surreal."

  • ZURICH, Aug 10- Adecco shares fell 5 percent on Thursday after its results lagged rivals Randstad and Manpower as a Brexit hiring slowdown hit revenues from IT and finance workers in Britain. The Swiss recruitment firm reported a 1 percent rise in net profit to 192 million euros in the three months ended June 30, just missing the average analyst estimate of 194...

  • Sales rose to 5.97 billion euros from 5.7 billion euros a year earlier, just below expectations of 6.03 billion euros. Chief Executive Alain Dehaze highlighted France, Iberia, Italy and the Benelux countries as strong performers. But revenues from North America and Britain and Ireland fell during the quarter as industrial and office staffing struggled.

  • Aug 9- Wall Street is set to pay its fixed income traders smaller bonuses this year than initially expected, according to a report by a consulting firm. Employees in the U.S. fixed income industry are expected to receive up to a 5 percent bump in bonuses this year, compensation consulting firm Johnson Associates said in its report on Wednesday.

  • Aug 7- Pershing Square Capital Management LP proposed three nominees on Monday, including its Chief Executive Officer William Ackman, to serve on the board of Automatic Data Processing Inc, setting the stage for a proxy contest with the human resources outsourcing company. Pershing Square, which has accumulated an 8 percent stake in ADP, said it would put...

  • Aug 7- Pershing Square Capital Management LP proposed three nominees on Monday, including its CEO William Ackman, to serve on the board of Automatic Data Processing Inc, setting the stage for a proxy contest with the human resources outsourcing company. Pershing Square, which has accumulated an 8 percent stake in ADP, said it would put forward Ackman, 51, former...

  • Aug 4- Billionaire investor William Ackman on Friday said his hedge fund had taken an 8 percent stake in Automatic Data Processing Inc and plans to ask for board seats so he can push the U.S. human resources outsourcing company to cut costs and improve its returns. Ackman's move on ADP, which has a market value of about $50 billion, comes as the leader of Pershing...

  • Aug 4- Automatic Data Processing Inc said on Friday it had rejected a call from William Ackman's activist hedge fund Pershing Square Capital Management LP for more time in his bid to gain control of the U.S. human resources outsourcing company. Ackman requested that ADP extend its Aug. 10 deadline for nominating directors by 30 to 45 days, which the company...

  • MADRID, July 31- A few minutes before 8 p.m. on Aug. 8, 2012, two Chinese living in Spain- a banker and her client- held a blunt phone conversation. Wang Jing was a senior officer at the Madrid branch of the state-controlled Industrial and Commercial Bank of China. The client, Xu Kai, was an alleged top figure in an international money laundering group that was suspected of...

  • MADRID, July 31- A few minutes before 8 p.m. on Aug. 8, 2012, two Chinese living in Spain- a banker and her client- held a blunt phone conversation. Wang Jing was a senior officer at the Madrid branch of the state-controlled Industrial and Commercial Bank of China. The client, Xu Kai, was an alleged top figure in an international money laundering group that was suspected of...

  • MOSCOW, July 19- A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that oil exports this year are seen declining by...

  • July 18- A Carillion joint venture has won contracts worth 158 million pounds to supply catering and other services for British military sites, bringing further relief to the crisis-hit company on Tuesday. Shares in the construction and support services company jumped 10 percent by 0810 GMT, a second day of gains after news on Monday that a consortium...

  • July 18- A Carillion joint venture has won two separate British defence infrastructure contracts worth 158 million pounds, affording further relief to the crisis-hit construction company as it reviews its business. The award follows Monday's announcement that a consortium that includes Carillion has won a 1.4 billion pound contract to help build...

  • July 18- A Carillion joint venture has won two separate British defense infrastructure contracts worth 158 million pounds, affording further relief to the crisis-hit construction company as it reviews its business. The award follows Monday's announcement that a consortium that includes Carillion has won a 1.4 billion pound contract to help build...

  • HOUSTON, July 13- Exxon Mobil Corp has been fined about $165,000 by U.S. regulators for safety lapses including inadequate training and equipment maintenance over an explosion that injured four workers at an aging Baton Rouge, Louisiana, refinery last year. Exxon said it is contesting the OSHA citations and fines. The Nov. 22, 2016 explosion on a sulfuric-acid...

  • HOUSTON, July 13- ExxonMobil Corp has been fined about $165,000 by U.S. regulators for safety lapses including inadequate training and equipment maintenance over an explosion that injured four workers at an aging Baton Rouge, Louisiana, refinery last year. Exxon said it is contesting the OSHA citations and fines. The facility was faulted five years ago by the...

  • In a re-run of a recent duel over helicopter training, Italy's Leonardo and Europe's Airbus are both preparing to enter the race to replace a mixture of private and military training for UK forces from 2020, the sources said. Airbus, which recently won a major UK military helicopter training contract, defeating a bid from Cobham that included AgustaWestland...

  • July 11- Private equity firm EQT said on Tuesday it has agreed to acquire U.S. drug development consultancy Certara for $850 million, including debt, from Arsenal Capital Partners, another buyout firm. Last year, Stockholm, Sweden- based EQT made its first major U.S. healthcare investment, buying Press Ganey Holdings Inc, a provider of patient satisfaction surveys,...

  • NEW YORK, July 6- U.S. private employers added 158,000 jobs in June, below economists' expectations, a report by a payrolls processor showed on Thursday. The U.S. private sector added 62,000 workers in October 2016. The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and...