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Commercial and Professional Services Commercial Services and Supplies

  • Aug 29- Advisory Board Co said it would sell its healthcare business to UnitedHealth Group Inc's Optum unit and education business to private equity firm Vista Equity Partners, for a total deal value of $2.58 billion. Sale of the education business is expected to close by the end of this year or in early 2018, after which Advisory Board will merge its healthcare...

  • Aug 29- Advisory Board Co said on Tuesday it would sell its healthcare business to UnitedHealth Group Inc's Optum unit and education business to investment firm Vista Equity Partners, for a total deal value of $2.58 billion. The business consulting company said it would sell its education business for $1.55 billion and its healthcare business for $1.3...

  • FRANKFURT, Aug 29- Shares in German broadcaster ProSiebenSat.1 dropped more than 14 percent to a four-year low after it warned that TV advertising revenues in German-language markets would decline in the third quarter and said it may look for external investors. ProSieben shares were down 11.6 percent to 28.90 euros by 0820 GMT, at the bottom of the German...

  • 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...

  • 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...