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  • SINGAPORE, Aug 29- Australian asset manager Qado and commodity merchant RCMA plan to jointly develop and market natural gas assets in the state of Queensland to sell the fuel in the country's struggling power market. "RCMA will support approved Eastern Australia Qado operated upstream projects with gas trading and marketing services, and direct investment...

  • Aug 24- Activist investor William Ackman, who has been urging Automatic Data Processing Inc to cut costs, will meet with the board of the U.S. human resources outsourcing firm next month, a regulatory filing showed on Thursday. The planned Sept. 5 meeting might give Ackman and ADP a second chance to find common ground following the billionaire investor's call for...

  • LONDON, Aug 23- WPP, the world's largest advertising group, cut its sales target for the second time in six months on Wednesday after consumer goods giants curbed spending, putting its shares on track for their worst day in 19 years. Like its rivals, WPP has also been hit by an ultra competitive environment in the United States where it lost two major contracts- VW and...

  • LONDON, Aug 23- WPP, the world's largest advertising group, cut its sales target for the second time in six months on Wednesday after consumer goods giants curbed spending, putting its shares on track for their worst day in 19 years. Like its rivals, WPP has also been hit by an ultra competitive environment in the United States where it lost two major contracts- VW and...

  • LONDON, Aug 23- Unloved media stocks weighed on European shares on Wednesday, with sharp losses from advertising giant WPP after it cut sales forecasts on weakening demand. Benchmarks made timid gains as investors' eyes were firmly glued on monetary policy with the Jackson Hole central banker pow-wow beginning in a day, and a speech expected from European...

  • Aug 21- Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm. The latest salvos from both sides all-but-guarantee a proxy battle that could become one of the season's...

  • BOSTON/ NEW YORK, Aug 17- Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman's hedge fund Pershing Square Capital Management owns 8.3 percent...

  • BOSTON/ NEW YORK, Aug 17- Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman's hedge fund Pershing Square Capital Management owns 8.3 percent...

  • BOSTON/ NEW YORK, Aug 17- Activist investor William Ackman on Thursday laid out his hedge fund's goals for Automatic Data Processing Inc, saying the human resources outsourcing company needs to streamline its business and invest in technology upgrades. Ackman's Pershing Square Capital Management disclosed earlier this month an 8 percent stake in the $50...

  • Crystallex is seeking to collect on a $1.4 billion award it won via a World Bank arbitration panel in 2016.. The company on Monday asked the United States District Court for the District of Delaware to attach shares in Delaware- based PDV Holding, a PDVSA subsidiary that owns of refining and marketing company Citgo Petroleum. Companies ranging from U.S. oil giant...

  • Aug 10- News Corp on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry. The first quarter should benefit from higher prices for Dow Jones subscriptions as well as increased cover prices in the UK and Australia, the company said on a...

  • 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...

  • *Q2 net loss widens on $132 mln charge. Pandora now expects its full-year revenue to range between $1.45 billion and $1.50 billion, compared with its previous forecast of $1.50 billion to $1.65 billion. The company continues to pull in advertisers despite competition from Sweden's Spotify, Apple Inc's Apple Music, Google's Play Music and Amazon.com Inc's...

  • SAN FRANCISCO, July 28- Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans. This year, the Big Two in internet advertising are expected to take half of all revenue worldwide, and more than 60...

  • July 26- Facebook Inc's mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers. Shares in Facebook, owner of four of the most popular mobile services in the world,...