Bob Scott

Bob Scott

Right Networks Buys Rootworks

Right Networks has acquired Rootsworks, which helps accounting firms improve their operations. Terms were not disclosed.

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Wealth Biz Write-down Cuts into Blucora Results

The virus gives and the virus takes away. Blucora saved $60 million on its original plan to pay $160 million for the purchase HK Financial Services. But the impact on the economy that caused the change in valuations that affected the purchase  price also caused the Blucora to write down $275.6 million in impaired goodwill for its Wealth Management business, 57 percent of the total.

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ADP: 20 Million Jobs Lost in April

There were 20,236,000 jobs lost in April in nonfarm private employment, Automatic Data Processing reported this week. Among sectors, service providing jobs led the decline with 16,007,000 individuals let go.

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