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Accenture warns consulting business to remain weak

(Reuters) - Accenture Plc warned that weakness in its consulting business that hurt second-quarter results would carry on though the year, sending its shares down as much as 8 percent. The consulting business, which brings in more than half of the company's revenue, has fallen in six of the last seven quarters as customers cut discretionary spending and stiff competition puts pressure on contract prices.

AutoCanada shares soar on record earnings, sales; prospects for greater expansion

TORONTO - Shares in AutoCanada Inc. (TSX:ACQ) rose sharply Friday, a day after Canada's largest publicly traded auto dealership owner and operator reported strong earnings and vigorous expansion plans. On the Toronto Stock Exchange, AutoCanada shares climbed $4.35 $54.99, an increase of or 8.59 per cent in the wake of what the company said was a record year for sales and earnings.

Former Shell boss's pay halved after poor performance

LONDON (Reuters) - The pay of Royal Dutch Shell's <RDSa.L> former chief executive, Peter Voser, halved to $11.24 million last year following what the company described as a disappointing performance. However, Voser's 2013 remuneration was higher than that of peer BP's <BP.L> chief executive Bob Dudley, whose pay tripled to $8.7 million.

National Bank beats expectations; posts big Q1 profit increase to $405M

MONTREAL - National Bank (TSX:NA) says "strong momentum" help propel it to improved earnings in the first quarter that beat analyst expectations. Canada's sixth-largest bank reported after markets closed that net income in the three months ended Jan. 31 totalled $405 million or $1.15 per diluted share, up from $373 million or $1.05 per share in the same 2013 period.

Household income grows 2.1 pct in 2013 on improved employment

SEJONG, Feb. 21 (Yonhap) -- South Korean household income grew 2.1 percent on-year in 2013 thanks in part to improved labor market conditions that led to more employment, a government report showed Friday, although the slow pace of growth suggests a lingering economic slump. According to the report by Statistics Korea, the monthly income of households consisting of two members or more stood at an average of 4.16 million won (US$3,875) last year, up from 4.07 million won tallied a year earlier.

Entergy 4Q adjusted profit, revenue beat analysts' estimates; reaffirms 2014 earnings outlook

NEW ORLEANS - Entergy said Tuesday that its fourth-quarter net income dropped 50 per cent, hampered in part by some higher expenses and a comparison to year-ago results that included income tax benefits. But its adjusted earnings and revenue beat Wall Street's view. For the three months ended Dec. 31, the power company earned $146.9 million, or 82 cents per share. That compares with $296.3 million, or $1.66 per share, a year earlier. Taking out certain items, earnings were $1 per share. Analysts predicted earnings of 83 cents per share, according to a FactSet poll.

High-income earners' spending to boost job creation, economic growth: report

SEOUL, Feb. 9 (Yonhap) -- A 10 percent rise in spending by high-income earners could help create nearly 170,000 jobs per year, a private think tank said Sunday, underlining the importance of consumption by the wealthy in boosting domestic demand and growing the economy. "If high-income earners had spent 10 percent more of their spending capacity from 2006-2012, we estimate that it could have resulted in creating an annual average of 168,000 jobs and generating an additional 7.2 trillion won (US$6.7 billion) in gross domestic product," Hyundai Research Institute said in a report.

High-income earners' spending to boost job creation, economic growth: report

SEOUL, Feb. 9 (Yonhap) -- A 10 percent rise in spending by high-income earners could help create nearly 170,000 jobs per year, a private think tank said Sunday, underlining the importance of consumption by the wealthy in boosting domestic demand and growing the economy. "If high-income earners had spent 10 percent more of their spending capacity from 2006-2012, we estimate that it could have resulted in creating an annual average of 168,000 jobs and generating an additional 7.2 trillion won (US$6.7 billion) in gross domestic product," Hyundai Research Institute said in a report.

High-income earners' spending to boost job creation, economic growth: report

SEOUL, Feb. 9 (Yonhap) -- A 10 percent rise in spending by high-income earners could help create nearly 170,000 jobs per year, a private think tank said Sunday, underlining the importance of consumption by the wealthy in boosting domestic demand and growing the economy. "If high-income earners had spent 10 percent more of their spending capacity from 2006-2012, we estimate that it could have resulted in creating an annual average of 168,000 jobs and generating an additional US$7.2 trillion in gross domestic product," Hyundai Research Institute said in a report.

High-income earners' spending to boost job creation, economic growth: report

SEOUL, Feb. 9 (Yonhap) -- A 10 percent rise in spending by high-income earners could help create nearly 170,000 jobs per year, a private think tank said Sunday, underlining the importance of consumption by the wealthy in boosting domestic demand and growing the economy. "If high-income earners had spent 10 percent more of their spending capacity from 2006-2012, we estimate that it could have resulted in creating an annual average of 168,000 jobs and generating an additional US$7.2 trillion in gross domestic product," Hyundai Research Institute said in a report.
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