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  • Tech stocks lead European shares higher on M&A boost Friday, 19 Dec 2014 | 3:16 AM ET

    PARIS, Dec 19- European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech stocks after unveiling a deal to buy Xerox Corp's IT outsourcing arm. Shares in Atos rose 6 percent, leading gains in the STOXX Europe 600 Technology sector, which was up 1.1 percent at 0814 GMT. Air France-KLM bucked the trend,...

  • In the end, the deal survived only after Taser dropped Amazon.com Inc as the data storage provider for the year-long project. The fact that Amazon did not have a data center in Britain was a deal breaker for British officials, according to Taser. The case is an example of the challenges that Amazon faces as it works to expand its cloud computing business, known as...

  • *Xerox to sell information technology outsourcing business to Atos for $1.05 billion. *Xerox says deal with Atos also includes additional consideration of $50 million; deal expected to close in the first half of 2015. *Xerox says now expects full-year 2014 gaap earnings per share from continuing operations of $0.87- $0.89.

  • Accenture raises revenue outlook after strong 1Q Thursday, 18 Dec 2014 | 12:02 PM ET

    Accenture raised its revenue forecast for fiscal 2015 after contract wins helped it post better-than-expected first-quarter earnings and revenue.

  • Dec 18- Consulting and outsourcing company Accenture Plc raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue. Accenture's shares rose 3.5 percent to $88.25 in premarket trading on Thursday. Accenture, which gets about 56 percent of its revenue from outside North...

  • Global business services company expands in Fargo Wednesday, 10 Dec 2014 | 1:17 PM ET

    FARGO, N.D.— The leader of a global professional support services company that has delivery centers in major cities such as Mumbai, London and New York says many customers prefer outsourcing their business to Fargo. "When we bring in clients to Fargo, they go away blown away about the enthusiasm, the passion, the commitment," Gogel told The Associated Press before a...

  • China to push growth of outsourcing industry Wednesday, 26 Nov 2014 | 7:17 AM ET

    BEIJING, Nov 26- China will develop international outsourcing of high-value-added services to create new advantages in foreign trade, its cabinet said on Wednesday, according to the official government website. The State Council will reduce corporate income taxes to 15 percent in a number of cities to encourage development of the high-tech, high...

  • Nov 20- Indian outsourcing major Infosys Ltd's back-office services unit was overcharging Apple Inc, leading to the exit of top executives, two senior Infosys people said on Thursday. Infosys, India's second-largest IT services exporter, said on Tuesday it had fired Abraham Mathews, chief financial officer of its Infosys BPO unit, for failure to comply with the...

  • Serco chastened by costly lesson in outsourcing risk Friday, 14 Nov 2014 | 4:35 AM ET

    *Serco booked 1.5 bln-pound impairment, shares tumbled. LONDON, Nov 14- From broken Australian Navy boats, to hotel bills for UK asylum seekers, the costs have piled up for Serco, a pioneer of an outsourcing boom that promised lucrative returns but has proved a far riskier business than many thought. The persistent payouts, combined with scandals over government...

  • Nov 5- Canadian auto parts maker and contract manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings, boosted by strong demand in North America. Net income attributable to Magna rose to $470 million, or $2.19 per share, in the quarter ended Sept. 30 from $319 million, or $1.39 per share, a year earlier. Sales rose 5.8 percent to...

  • *Offer represents premium of 32 pct to Covance's Friday closing. *Covance up 25 pct, LabCorp down 8 pct on NYSE. Nov 3- Laboratory Corp of America Holdings, a major provider of healthcare diagnostic services, said it would buy Covance Inc for about $6.1 billion in cash and stock to expand into the contract clinical trial business.

  • UPDATE 1-LabCorp to buy Covance for $6.1 bln Monday, 3 Nov 2014 | 7:09 AM ET

    Nov 3- Laboratory Corp of America Holdings, a major provider of healthcare diagnostic services, said it would buy Covance Inc for about $6.1 billion in cash and stock to expand into the contract clinical trial business. Covance shareholders will receive $75.76 in cash and 0.2686 LabCorp shares for each share held. The enterprise value of the deal is about $5.6...

  • ECB policymakers at odds over ABS purchase plan Monday, 6 Oct 2014 | 9:05 AM ET

    *Governing Council clashes over how to implement ABS plan. *Deutsche Bank on shortlist to do ABS purchases- sources. FRANKFURT/ PARIS, Oct 6- The European Central Bank's unprecedented decision to use outside help for new asset purchases is stirring conflict among policymakers, highlighting the difficulty for the ECB of considering even more extreme policy...

  • Sept 24- Consulting and outsourcing company Accenture Plc said it expects profitability to improve this fiscal year as it focuses on trimming operating costs.

  • UPDATE 1-Accenture forecast disappoints, shares slip Wednesday, 24 Sep 2014 | 7:54 AM ET

    Sept 24- Consulting and outsourcing company Accenture Plc forecast first-quarter revenue largely below analysts' expectations as stiff competition from rivals hurt new contracts wins. Accenture forecast first-quarter revenue of $7.55 billion- $7.80 billion. Accenture has faced pricing pressure amid sluggish business spending in the last few quarters.

  • Accenture quarterly revenue rises 9.7 percent Wednesday, 24 Sep 2014 | 7:10 AM ET

    Sept 24- Consulting and outsourcing company Accenture Plc reported a 9.7 percent rise in quarterly net revenue, helped mainly by new consulting contracts. The company's net income rose to $760.2 million, or $1.08 per share, in the fourth quarter ended Aug. 31 from $727.3 million, or $1.01 per share, a year earlier. Net revenue rose to $7.78 billion from $7.09 billion.

  • As risks multiply, NGOs reassess security in Middle East Wednesday, 24 Sep 2014 | 6:05 AM ET

    ARBIL, Iraq, Sept 24- Aid agencies are tightening security measures in the Middle East and increasingly outsourcing work to local organizations to limit their exposure to multiplying risks across the region.

  • NISSAN CEO PLANS TO OUTSOURCE SOME ELECTRIC CAR BATTERY PRODUCTION- SOURCES.

  • NISSAN BATTERY PLANT CUTS, OUTSOURCING FACE INTERNAL OPPOSITION- SOURCES.

  • *Fund manager Pohjola sharing its trade system with peers. LONDON, Sept 14- Stock investors who recognise the risks of trading in anonymous "dark pools" but are unwilling to spurn them have found an alternative: club together.