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Chicago-based Huron Consulting Group reported a drop in its fourth-quarter earnings on Monday.
In the final three months of 2010, the company reported a net loss of $3.8 million, or a loss of $0.18 per share, compared to earnings of $14.4 million, or $0.71 per share, a year earlier. Get the full story »
Huron Consulting Group said it agreed to settle a securities lawsuit for $38 million and expects to take a related non-cash charge of about $11 million in the fourth quarter. Get the full story »
Aon Corp.’s Chief Operating Officer Andrew Appel will step down at the end of the year, the world’s largest insurance brokerage said. Get the full story »
Aon Corp. reported a 28 percent gain in third-quarter earnings from continuing operations, attributing part of it to a 4 percent revenue increase in its consulting unit, but its earnings missed estimates.
The company’s net income attributable to shareholders totaled $144 million, or 51 cents a share, compared with $120 million, or 41 cents a share, in the year-ago period. Total revenue of $1.8 billion was flat with the year-ago quarter. Get the full story »
Bloomberg News | “Stable” third-quarter earnings and a forecast for a weaker-than-expected fourth quarter sent shares of Navigant Consulting tumbling in late morning trading. The stock is down 22 percent, to $9.47.
Roberto R. Herencia has left Midwest Banc Holdings Inc., whose Midwest Bank unit failed last month, but has signed a consulting agreement that could pay him $25,000 a month.
In May, Midwest Bank, a $3.17 billion-asset lender that was among the first community banks to get federal bailout funds, was seized by regulators after failing to raise capital it needed to stay independent. Get the full story »
By Bruce Japsen
| Shares of Navigant Consulting Inc. fell nearly 10 percent this morning after the company reported a decline in fourth-quarter profits and revenue amid the tough economy.
The financial and regulatory consultancy said fourth-quarter 2009 profits were $4.8 million, or 10 cents a share, compared with $11.3 million, or 23 cents a share, in the year-ago quarter. Revenue tumbled 10 percent to $173.9 million.
