GO
Loading...

Outsourcing

More

  • Delta and Smith & Wesson are big market movers Tuesday, 20 Jan 2015 | 4:57 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Delta Air Lines Inc., up $3.33 to $49.17. Johnson& Johnson, down $2.75 to $101.29.

  • IGate misses 4Q profit forecasts Tuesday, 20 Jan 2015 | 6:42 AM ET

    PITTSBURGH _ IGate Corp. on Tuesday reported fourth-quarter earnings more than doubled to $38 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Analysts expected $330.6 million, according to Zacks.

  • 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...

  • *Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.

  • 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...

  • 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...