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Jobs Outsourcing

  • BOSTON, Sept 22- Billionaire hedge fund manager William Ackman, whose firm has a 2 percent voting 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...

  • LONDON, Sept 21- Shares in Capita tumbled 10 percent on Thursday as the British outsourcer reported weak first-half results, a disappointing outlook and no progress in its hunt for a chief executive. The company, one of Britain's biggest employers with more than 70,000 staff, said it expects pretax profit before significant new contracts and restructuring to...

  • 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...

  • After the outbreak, Congress in 2013 passed the Drug Quality and Security Act, which aimed to bring more compounding pharmacies, which make custom medications, under the authority of the FDA rather than state pharmacy boards. The law created a category of "outsourcing facilities" that could register with the FDA, allowing them to sell products in bulk to...

  • Sept 15- Morgan Stanley plans to bring its mortgage origination business in-house to improve customer service and generate more business, two people familiar with the matter told Reuters on Friday. The change comes ahead of the bank's third-party provider, PHH Corp, exiting the origination business next year, and as Morgan Stanley makes a bigger push into...

  • PORT LOUIS, Sept 12- Mauritius cut its 2017 sugar production forecast by 2.7 percent on Tuesday, blaming above average rainfall for a poor harvest. Sugar processors in Mauritius include Omnicane, Alteo Ltd and Terra Mauricia. Once focused on sugar and textiles, Mauritius has diversified into tourism, offshore banking and business outsourcing to cement its...

  • EDINBURGH, Sept 7- British outsourcer Capita, looking for a new CEO after a series of profit warnings, lowered its 2016 underlying operating profit on Thursday after adopting new accounting standards. Capita restated its 2016 operating profit to 335 million pounds, from a previous 481 million pounds. It also reported net liabilities of 553 million pounds,...

  • Sept 6- Fortive Corp said on Wednesday it would buy Landauer Inc, a provider of radiation safety and outsourced medical physics services, for about $770 million, including debt. Landauer's shares were up 12.6 percent at $69.10 in premarket trading, topping the offer price of $67.25. Everett, Washington- based Fortive, the industrial technology spin-off of...

  • Sept 6- Fortive Corp, which makes industrial tools, said on Wednesday it would buy Landauer Inc, a provider of radiation safety and outsourced medical physics services, for about $770 million, including debt.

  • HONG KONG, Sept 6- Goldman Sachs has suspended work on a planned U.S. IPO for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people familiar with the matter told Reuters. Reuters reported in July that HNA had tapped Goldman to work on the U.S. initial public offering of Pactera, a Beijing- based firm it bought from Blackstone last year for $675...

  • HONG KONG, Sept 6- Goldman Sachs has suspended work on a planned U.S. IPO for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people with familiar with the matter told Reuters. Reuters reported in July that HNA had tapped Goldman to work on the U.S. initial public offering of Pactera, a Beijing- based firm it bought from Blackstone last year for...

  • Aug 29- Britain's financial watchdog has launched an investigation into Mitie over its 2015-16 results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes. Last month, Britain's accounting watchdog said it was investigating Deloitte over its auditing of Mitie's books.

  • 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...

  • JOHANNESBURG, Aug 24- Telkom will offer customers on-demand video streaming and music from September, part of plans by South Africa's biggest landline provider to try to increase revenues and subscriber numbers in its mobile business. Telkom, 39 percent owned by the government, is introducing the new products in a rapidly changing market where rival mobile...

  • 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...