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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.
Professional services firm $NCI has appointed Claiborne Porter as Managing Director and head of investigations. Porter, a former supervisor and trial attorney with the US Department of Justice, had served as Acting Principal Deputy Chief of the agency’s Money Laundering and Asset Recovery Section.
$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.
$RHI said that it expects to record a one-time non-cash charge to its provision for income taxes of about $34-38MM or about $0.27-0.31 per share in 4Q17, resulting from the recently enacted Tax Cuts and Jobs Act. Consequently, the company is updating its 4Q17 guidance, after this charge, for diluted EPS in the range of $0.29-0.39 per share.
$NCI promoted 8 professionals to managing directors. Matthew Brown, Dennis Butts, Virginia Campbell, Christopher Kalkhof, Eric Snyder, John Stearns has been promoted to Healthcare. Tim O'Neal Lorah has been promoted to Financial Services Advisory and Compliance. Nathaniel Huber-Fliflet has been promoted to Disputes, Forensics, and Legal Technology.
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.
$NCI said two senior-level industry experts have joined its global Construction practice, based in London. Scott Jardine, Managing Director, has 23 years construction experience implementing and advising on capital projects. Andrew Jeffery, Managing Director, brings 26 years of detailed knowledge in the operation of property assets.
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.
$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.