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$NSP President Richard Rawson will retire on May 18, 2018, after having served as an executive officer for over 28 years. Insperity also announced the appointment of James Allison as SVP of gross profit operations, which will also be effective on May 18, 2018.
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.
$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.
$JACK entered into an agreement to sell Qdoba Restaurant Corp., a wholly owned subsidiary of the company. Under the terms of the agreement, the Apollo funds will purchase Qdoba for approx. $305MM in cash, subject to customary closing conditions. The transaction is expected to close in April 2018.
Willis Towers Watson Securities, the investment banking business of $WLTW has structured and placed EUR90MM of insurance-linked securities (ILS) for Covea Mutual Insurance Group. The transaction was executed in collaboration with Willis Towers Watson’s reinsurance business, Willis Re.
Making up of 16% of the company's overall revenue, $ORCL's cloud revenue came in at $1.5Bil, up 44% YoY. Of that sum, $1.1Bil was attributed to Software as a Service and $396MM to Platform- and Infrastructure-as-a-Service, up 55% and 21%, respectively.
Profit of $ORCL grew 10% YoY in the second quarter of fiscal 2018 as the tech giant continues to focus on growing its could computing business. For the quarter, the company reported earnings of $2.23Bil, or $0.52 per share, on revenue of $9.6Bil, which is up 6%. Excluding certain items, the company's earnings were $0.70 per share, up 14% YoY.
$HST's BoD authorized a regular quarterly cash dividend of $0.20 per share and a special dividend of $0.05 per share, bringing the total dividends declared for the year to $0.85 per share. The dividend is payable on Jan. 15, 2018, to stockholders of record on Dec. 29, 2017.
$TBI said William Steele is retiring from its BoD effective Dec. 31, 2017. Steele has served on TrueBlue’s board since 2001 and was Chairman of the Corporate Governance and Nominating Committee and Lead Independent Director until this year, in addition to serving as a member of the Audit Committee.
$DEI has declared a quarterly cash dividend on each share of its common stock of $0.25, or $1.00 on an annualized basis. The dividend will be paid on January 15, 2018 to shareholders of record as of December 29, 2017. This represents a 9% increase over the company's 2017 quarterly dividend.