GO
Loading...

Enter multiple symbols separated by commas

Outsourcing

More

  • LOS ANGELES, June 10- One of the largest companies to manufacture solar panels in the United States uses a surprising resource to keep costs low and compete against producers from China: prison labor. Suniva Inc, a Georgia- based solar cell and panel maker that is backed by Goldman Sachs Group Inc, farms out a small portion of its manufacturing to federal inmates as...

  • Disney: You're fired! Now train your replacements Thursday, 4 Jun 2015 | 12:00 AM ET
    The Team Disney building near Walt Disney World, where about 250 Disney employees were told in late October that they would be laid off, in Lake Buena Vista, Fla., May 22, 2015.

    Disney laid off about 250 employees, transferring many of their jobs to immigrants on temporary visas for highly skilled tech workers, NYT reports.

  • SAO PAULO, May 7- Cetip SA Mercados Organizados, Latin America's largest securities depositary and clearinghouse, reported first-quarter profit rose 2.7 percent on Thursday, beating estimates, as expenses and taxes fell sharply. The results underscore Cetip's resilience as Brazil grapples with a severe economic downturn, the steepest in over two decades.

  • MUMBAI, April 9- An Indian court on Thursday held the founder of Satyam Computer Services, which was once one of India's biggest IT outsourcing companies, guilty in the country's biggest corporate accounting fraud, local television channels reported. The court is yet to announce the quantum of punishment in the case, the TV channels reported.

  • SAO PAULO, March 31- Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, chief executive of the company, officially Petroleo Brasileiro SA, told a recent board meeting that...

  • March 26- Consulting and outsourcing company Accenture Plc raised its full-year revenue growth forecast for the second time as it won more business, mainly in its outsourcing unit, from companies looking to cut costs. Accenture's shares rose 3 percent in premarket trading on Thursday. Accenture, which gets a little more than half of its revenue from outside...

  • Outsourcing company Accenture's revenue rises 5 pct Thursday, 26 Mar 2015 | 7:12 AM ET

    March 26- Consulting and outsourcing company Accenture Plc's quarterly net revenue rose 5 percent, helped by growth in its outsourcing business as North American companies look to cut costs. Accenture's net income rose to $743.2 million, or $1.08 per share, from $722.3 million, or $1.03 per share, a year earlier. Net revenue rose to $7.49 billion from $7.13...

  • *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.