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Outsourcing

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  • *Tencent joins Alibaba, Baidu in car ventures. Hon Hai, WeChat operator Tencent and luxury car dealer China Harmony Auto Holding Ltd signed an agreement to work together in the Chinese city of Zhengzhou, Henan province, the contract manufacturer said without detailing specifics. The partnership would put Tencent on a par with online peers Alibaba Group Holding...

  • MANILA/ JAKARTA, March 17- Nearly $40 billion a year piles into the Philippines, thanks to work its citizens do abroad or for outsourcing firms, but the windfall also brings pain through an overvalued currency and the risk of catching the "Dutch disease." In the Philippines, inflows from outsourcing contracts and millions of citizens working overseas lift incomes...

  • LONDON, March 12- British outsourcing firm Serco on Thursday launched a 555 million pounds rights issue after a spectacular profit collapse and said it was unlikely to return to sales growth for another three years. Serco's shares fell as much as 16 percent as analysts' hopes for a smaller cash call were dashed and the company's more cautious outlook beyond 2015...

  • LONDON, March 12- British outsourcing firm Serco kicked off a 555 million pound rights issue on Thursday and said it was unlikely to return to growth for another three years, as it reported a spectacular collapse in profits. Shares in Serco fell 15 percent in early trade to 175 pence. "There is a real sense that, having confessed our sins and in taking the punishment, we...

  • Serco profits collapse, kicks off rights issue Thursday, 12 Mar 2015 | 3:24 AM ET

    LONDON, March 12- Serco kicked off a 555 million pound rights issue on Thursday and said it had the right plan in place to turn the embattled British outsourcing firm around after a spectacular collapse in profits and reputation. Guidance for 2015 profit was maintained, although Serco scrapped the dividend and added it would not now comment on prospects for 2016...

  • FRANKFURT, Feb 24- Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to U.S.-based Hewlett-Packard in a multibillion-dollar deal that leaves the group's retail operations untouched. The HP deal will allow the bank to reduce costs and launch new products and services more quickly, Deutsche Bank Chief Operating Officer...

  • *Mitie eyes up to 10 pct healthcare revenue growth. LONDON, Feb 19- Sitting on a plush sofa in a cheery room in a modern apartment block set in the leafy surroundings of a former British military academy, 72- year-old Gloria Lafferty is looking forward to a traditional British meal of fish and chips with her family. But the involvement of the private sector in...

  • Feb 13- United Airlines will outsource about 1,150 positions at 16 airports across the country, but reached tentative agreements with its union to keep another 800 jobs in-house that also had been under scrutiny, a company spokesman said on Friday. Before taking effect, the agreement must be approved by a vote of the affected workers, who are located in or near...

  • Robots now perform roughly 10 percent of manufacturing tasks that can be done by machines, according to the Boston Consulting Group. The shift will mean an increasing demand for skilled workers who can operate the machines, said Hal Sirkin, a senior partner at Boston Consulting. For example, in the U.S. automotive industry, which is predicted to be one of the more...

  • Xerox's profit beats Street on lower costs Friday, 30 Jan 2015 | 10:34 AM ET
    Xerox

    Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.

  • Jan 30- Xerox Corp, best known for its printers and copiers, reported a slightly better-than-expected quarterly profit as expenses declined 4 percent. Restructuring and better productivity led to higher margins, Xerox said on Friday. Xerox said last month it was selling its information technology outsourcing arm to French IT services firm Atos SE for $1.05...

  • UPDATE 1-Canada's CGI reports 25 pct jump in profit Wednesday, 28 Jan 2015 | 11:43 AM ET

    Jan 28- Information technology and outsourcing services provider CGI Group Inc posted a 25 percent rise in quarterly profit, helped by lower expenses and higher earnings from the United States and the UK. Earnings before finance costs, finance income and income tax expenses rose 41 percent to $95.1 million from the United States and 67 percent to $35.1 million...

  • Canada's CGI reports 25 pct jump in profit Wednesday, 28 Jan 2015 | 10:04 AM ET

    Jan 28- Information technology and outsourcing services provider CGI Group Inc posted a 25 percent rise in quarterly profit, helped by lower expenses and higher earnings from the United States and the UK. The Canadian company said its backlog of signed orders rose to C $20.17 billion at the end of December from C $19.25 billion a year earlier.

  • LOS ANGELES, Jan 27- Negotiators for major shipping lines and the union representing 20,000 dockworkers have reached a tentative agreement on the maintenance of cargo chassis, overcoming a key hurdle in protracted contract talks for 29 U.S. West Coast ports. "A tentative agreement was reached on the chassis topic, and we are hopeful that this will allow us to move...

  • Jan 12- United Airlines is assessing whether to outsource jobs at airports around the country in a cost-cutting effort that could impact some 2,000 workers. The Chicago- based carrier informed employees Monday that jobs up for review included baggage handlers and gate and customer service agents at 28 airports that are not hubs, ranging from Atlanta to...

  • United Airlines may outsource 2,000 airport jobs Monday, 12 Jan 2015 | 6:09 PM ET
    A United Airlines jet at San Francisco International Airport.

    United Airlines is assessing whether to outsource jobs at airports around the country in a cost-cutting effort.

  • Both BATS Global Markets and Nasdaq OMX Group recently said they have held talks with banks on outsourcing some or all of their dark pool operations. In June, the New York attorney general brought a lawsuit against Barclays, accusing the bank of misleading clients in its dark pool. Also in June, dark pool operator Liquidnet agreed to pay the Securities and...

  • Infosys Q3 profit up 13 percent, beats estimates Friday, 9 Jan 2015 | 2:32 AM ET

    MUMBAI, Jan 9- Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on Friday, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the quarter ended December 31...

  • LOS ANGELES, Dec 29- Brushing aside calls for federal mediation in prolonged contact talks with employers at 29 U.S. West Coast ports, the union for 20,000 dockworkers urged shipping executives on management's board of directors to take a more active part in negotiations. The Pacific Maritime Association, representing shipping lines and terminal operators...

  • *Metro Bank broke mould by using software supplier. LONDON, Dec 21- When Metro Bank prepared to launch in 2010 as the first new bank to appear on British high streets for over a century, its founders broke with convention by outsourcing the construction of its computer systems. "That's the way the whole process developed in America," said Metro Bank co-founder Vernon...