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Jobs Outsourcing

  • 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...

  • 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...

  • EDINBURGH, Aug 3- British outsourcing group Serco said a better-than-expected outlook for its bid pipeline kept it on track to meet profit and revenue guidance this year despite several of its markets turning markedly more unpredictable. Serco, which runs transport, health, justice, defence and security services for public departments and gets half of its...

  • July 27- Billionaire investor Bill Ackman's Pershing Square Capital Management has built a stake in business outsourcing company Automatic Data Processing Inc, Bloomberg reported on Thursday. ADP's shares rose as much as 12.3 percent to a record high of $118.96. Ackman has already bought shares in ADP and could acquire more through the new funds he filed...

  • HONG KONG, July 25- HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing- based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said. News of the appointment of Goldman Sachs, a Wall Street stalwart, is a boost for HNA, even if the mandate is...

  • HONG KONG, July 25- HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing- based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said. News of the appointment of Goldman Sachs, a Wall Street stalwart, is a boost for HNA, even without a formal...

  • *Geographic focus includes China, India, SE Asia, Korea- source. "The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well," this person said, adding that Blackstone's global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes. Last month, KKR& Co closed...

  • *Geographic focus includes China, India, SE Asia, Korea- source. "The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well," this person said, adding that Blackstone's global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes. Last month, KKR& Co closed...