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Consulting firm $HCKT has expanded a strategic partnership with $ADP to give ADP customers access to its various services. The offerings of Hackett will help users of ADP’s ‘Workforce Now’ improve HCM performance and monitor the efficiency of their HR operations. ADP will also provide customers customized intellectual property from Hackett.
$IT said worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.5% from 2017. Enterprise software continues to exhibit strong growth, with worldwide software spending projected to grow 9.5% in 2018, and it will grow another 8.4% in 2019 to total $421Bil. The devices segment is expected to grow 5.6% in 2018.
$BKS completed the mergers with Ouachita Independent Bank (OIB) in Louisiana and First State Bank of Central Texas (FSB) that were delayed for nearly four years, effective Jan. 15, 2018. The bank says the deal was finally approved by the Federal Deposit Insurance Corp. and Mississippi banking regulators.
$IT said worldwide PC shipments totaled 71.6MM units in 4Q17, down 2% from 4Q16. 2017 PC shipments surpassed 262.5MM units, down 2.8% from 2016. In the US, PC shipments surpassed 15.2MM units in 4Q17, down 8% YoY. PC shipments in EMEA were 21.8MM units in 4Q17, down 1.4% YoY.
$LLL appointed retired U.S. Army Lt. Gen. Patrick J. "Pat" O'Reilly to the newly created role of corporate Vice President of Engineering, effective immediately. In this new position, O'Reilly will report to the company's Chief Technology Officer, Paul DeLia.
$LLL, which provides electronic systems to multiple industries, appointed Sean Stackley as Corporate VP for Strategic Advanced Programs and Technology. He will report directly to Heidi Wood, SVP for Corporate Strategy and Technology. Previously, Stackley served as Assistant Secretary of the Navy and an advisor to the Under Secretary of Defense.
Business advisory firm $FCN has appointed Jan Naifeh as Senior Managing Director of its Corporate Finance & Restructuring segment. Most recently, Naifeh served SunTrust Bank as SVP of the Corporate and Investment Banking Special Assets Division. The appointment is part of FTI’s continuing investment in its healthcare industry expertise.
$BKS reported total sales for 9-week holiday period ending Dec. 30, 2017 of $953MM, down 6.4% from the prior year. Comparable store sales also decreased 6.4% for the holiday period and online sales declined 4.5%. $BKS expects comparable store sales to decline in the mid-single digits and consolidated EBITDA of $140-160MM for FY18.
During 2Q18, $RECN’s revenue in the US increased by 1.5% YoY, reflecting increased activity and bill rates in several of the company's largest markets. International revenue improved by 24.7% YoY, reflecting strength in the UK, Ireland and Sweden practices. Revenue in Europe grew 20.9% YoY, excluding revenue attributable to taskforce.
$RECN reported net income of $8.1MM or $0.27 per share in 2Q18 compared to $5.7MM or $0.16 per share in 2Q17. Revenue increased by 6.2% to $156.7MM compared to 2Q17. Excluding taskforce's revenue of $3.7MM in the quarter, revenue was up 3.7%.
$FCN announced the appointment of Elliot Sloane, former CEO and founder of Sloane & Company, as a Senior Managing Director in the firm’s Strategic Communications segment. Mr. Sloane will report to Brian Kennedy, the segment’s Head of the Americas.
$BYD agreed with Valley Forge Convention Center Partners, L.P., to buy Valley Forge Casino Resort in King of Prussia, Pennsylvania, for total cash consideration of $280.5MM. The company expects the acquisition to be free cash flow positive and immediately accretive to earnings. The transaction is expected to close in 3Q18.
$BXP's BoD declared a regular quarterly cash dividend of $0.80 per share of common stock. The dividend is payable on Jan. 30, 2018 to shareholders of record as of the close of business on Dec. 29, 2017. This represents an increase of 6.7%, or $0.05 per share, over the most recent quarterly cash dividend of $0.75 per share.
$GLPI entered into agreements with $PENN, $PNK and $BYD to accommodate the proposed acquisition of Pinnacle by Penn. The company has agreed to amend the Master Lease with $PNK to allow for the sale of the operating assets at Ameristar Casino Hotel Kansas City, Ameristar Casino Resort Spa St. Charles and Belterra Casino Resort.