In a pair of recently announced transactions totaling nearly $1 billion and involving two of the leading companies in the legal and business information sector, Thomson Reuters is selling a business unit and Reed Elsevier is buying one.
Reed Elsevier, owner of the LexisNexis legal research service, announced Monday that it will acquire Skokie, Ilinois–based legal and financial data provider Accuity Holdings from private equity firm Investcorp for about $533 million in cash.
Reed Elsevier intends to merge Accuity into its Bankers Almanac and LexisNexis Risk Solutions divisions, according to the Financial Times. Outside legal advisers for Bahrain-based Investcorp, whose general counsel is Stephanie Bess, were not immediately available. <
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Former pizza executive Herman Cain surprised rival Rick Perry with an upset victory on Saturday in a Republican presidential straw poll in Florida, dealing a disappointing loss to the Texas governor two days after a shaky debate performance.
Perry, leading in the polls for the 2012 Republican presidential nomination to run against Democratic President Barack Obama, had needed a victory in what was an early test of strength to salve the wounds left over from a debate with his rivals on Thursday in which he struggled.
Instead, former Godfather’s Pizza executive Cain, who is far behind the two toptier candidates Perry and Mitt Romney in national polls, won with 37 percent of 2,657 votes cast.
Perry was a distant second at 15 percent, just ahead of Romney, who won 14 percent despite not participating in the poll.
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The federal trade commission (FTC) has come up with rule that will prevent debt relief services that work for profit to charge a fee in order to settle a consumer’s credit cards or any other unsecured debts before the service has been rendered and been fruitful. This rule has been formulated so that debt help companies are not able to exploit consumers by giving them false promises of reducing their credit card debts by a large amount and demanding large upfront fees in exchange of that. Many of these companies extract even the last penny out of the pockets of their customers and leave them even worse off in debts.
The FTC has also introduced three Telemarketing Sales Rule provision, meant for debt relief companies who sell their services over the phone, from 27th September 2011. T
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Are we ambivalent–perhaps even hypocritical–about flexible working arrangements? People want it for themselves, but for others? Well, maybe not.
According to research from iPass, the Mobile Workforce Report, a third of 3,100 employees surveyed say they would walk if employers fail to “support flexible working via mobile devices,” reports Computer Weekly.com.
Everyone wants more work freedom, but being physically in the office carries more weight than youd expect in this day of nonstop communication. We seem to confer greater legitimacy to the efforts of those who toil in the office. Are we suspicious that people working out of the office are goofing off?
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In the opening statement of the trial for murder suspect Jacob Brighton, defense attorney Marc Shiner told jurors Brightons parents deserved to be shot; they deserved it, legally.
Brighton, 20, faces two counts of first-degree murder and possible life in prison for the 2007 fatal shootings of Richard and Penny Brighton at the familys home in Fort Pierce, Fla., reports the Treasure Coast Palm.
Shiner, who detailed allegations of long-term violence and molestation by Britons father and a knowing, blind-eye turned by his mother, said the shootings were the culmination of constant abuse.
“This young man is not guilty.
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