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  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc, is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people- retail investors. Now, his campaign to get himself and two other nominees...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.. One of Wall Street's biggest investors, Ackman told ADP's retail owners, who own 28 percent...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.. One of Wall Street's biggest investors, Ackman told ADP's retail owners, who own 28 percent...

  • Sept 14- Macy's Inc will increase by 20 percent the number of workers it hires during the holiday shopping season to staff distribution and warehouses that support its online business, but total holiday hiring will fall. U.S. staffing firm Radial expects retailers, including Neiman Marcus, Ralph Lauren Corp and Toys R Us, to hire 35 percent more workers this...

  • NEW YORK, Sept 1- Insurance broker Aon Plc said on Friday it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc for $475 million, helping expand its property investment management portfolio. NorthStar Asset Management took a majority stake in the Townsend Group from private equity firm GTCR LLC in 2015 for $380...

  • NEW YORK, Aug 30- U.S. private employers added 237,000 jobs in August for the biggest monthly increase in five months, beating economists' expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 183,000 jobs. July's private payrolls reading was...

  • 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...

  • 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...

  • BOSTON/ NEW YORK, Aug 17- Activist investor William Ackman laid out his case for changes at Automatic Data Processing Inc on Thursday, saying the payroll processor needs to improve its profit margins and integrate its business lines. Ackman's hedge fund Pershing Square Capital Management disclosed earlier this month an 8 percent holding in the $50 billion U.S....

  • 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 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...

  • Employees' needs are changing and businesses must change as well in order to attract the best talent. Offices must combine work and leisure.

  • 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...