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Outsourcing

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  • European shares stall near peaks, await Fed reassurance Tuesday, 21 May 2013 | 12:35 PM ET

    LONDON, May 21- European shares stalled around multi-year peaks on Tuesday, bolstered by a crop of upbeat corporate reports but pinned back by concerns about a possible end to the U.S. Thus, markets have been unsettled by growing talk from some Fed officials- such as Chicago Fed President Charles Evans overnight- that bond buying could end in coming months.

  • MUMBAI/ BANGALORE, May 21- IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.

  • Mahindra's Growth Will Fall on Dud Acquisitions   Tuesday, 21 May 2013 | 4:40 AM ET

    Jigar Shah, senior VP at Kim Eng India, tells CNBC a fall in IT outsourcing company, Tech Mahindra's growth is coming because a low margin of acquisitions.

  • *Pactera expects to form special committee to assess offer. *Pactera shares up 30 percent. May 20- Pactera Technology International Ltd said on Monday that Blackstone Group LP, together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private.

  • Giant of Shareholders, BlackRock Quietly Stirs Saturday, 18 May 2013 | 1:29 PM ET
    BlackRock Inc. headquarters in New York City.

    The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.

  • MUMBAI/ BANGALORE, May 15- A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.

  • *Outsourcing sector defies recession in Portugal. *Global leaders in Portugal, Portuguese firms expand abroad. He earns 700 euros a month, 200 euros more than previously, plus bonuses, and the company covers his rent- a rare perk in Portugal.

  • Gulf airlines prepare for Boeing's 777X offering Sunday, 5 May 2013 | 4:10 PM ET

    *Boeing may not outsource much work- Qatar Air CEO Baker. By Praveen Menon DUBAI, May 5- As they prepare to buy Boeing's. new 777 X jet, Gulf airline giants Emirates and Qatar Airways are warning that Boeing must avoid the mistakes of the 787 Dreamliner, which cost customers millions of dollars when its batteries failed.

  • Gulf airlines prepare for Boeing's 777X offering Sunday, 5 May 2013 | 4:09 PM ET

    *Boeing may not outsource much work- Qatar Air CEO Baker. *Boeing's cash exposure from 787 is tricky- Emirates' President Clark.

  • OTTAWA, April 29- The Canadian government announced tighter rules on Monday to prevent employers from using its temporary foreign worker program to squeeze Canadians out of jobs, acting after two high-profile cases tarnished the program's reputation.

  • OTTAWA, April 29- The Canadian government announced tighter rules on Monday to prevent employers from using its temporary foreign worker program to squeeze Canadians out of jobs, acting after two high-profile cases tarnished the program's reputation.

  • Citizenship and Immigration Minister Jason Kenney and Human Resources Minister Diane Finley have scheduled a news conference for Monday afternoon to announce reforms to the program, which the Conservative government was expected to present to Parliament in its budget implementation bill on Monday afternoon.

  • NABLUS, West Bank, April 17- Nestled in a basin in the northern West Bank, the city of Nablus was for millennia a Palestinian cultural and commercial hub, attracting traders to its souk in the heart of the old town.

  • NEW YORK, April 8- Thomas H. Lee Partners said Monday it is buying privately held IT outsourcing company CompuCom Systems Inc for around $1.1 billion, a person close to the matter said. Dallas, Texas based CompuCom had been owned by Court Square Capital Partners, a private equity firm that was spun out of Citigroup Inc in 2006..

  • Digital Realty on Data Center Trends: CEO  Thursday, 4 Apr 2013 | 8:45 PM ET

    Michael Foust, CEO at Digital Realty, speaks about the cost effectiveness of data centers and current trends in the industry along with business model, growth prospects and the company's acquisition plans.

  • March 28- Outsourcing and consulting services provider Accenture Plc reduced its forecast for revenue growth, saying its consulting business was still being hurt by a slowdown in corporate discretionary spending, especially in Europe.

  • Private cash fuels commodity trade as banks step back Wednesday, 13 Mar 2013 | 9:23 AM ET

    *Banks cut lending in $1.5 trillion- a-year market. GENEVA, March 13- Private investors and hedge funds seeking new ways to gain exposure to commodities may provide a lifeline to trading houses desperate for the short-term liquidity that banks used to offer.

  • MUMBAI, Feb 22- A former Infosys Ltd executive is challenging the IT outsourcing industry's billing model by charging for results instead of basing fees on the time and labour put in by the armies of staff working for India's big firms.

  • *2012 net profit shrinks 80 pct on Poland impairment charge. PARIS, Feb 20- France Telecom predicted no let-up in a price war squeezing its home market and said it would focus on costs to return to cash-flow growth next year.

  • Feb 7- IT services company Cognizant Technology Solutions Corp reported a modestly better-than-expected quarterly profit as clients in Europe ramped up outsourcing, but guided first-quarter profit below analysts' estimates.