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...» Read More
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.
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...
*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.
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.
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.
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.
Sept 9- British IT outsourcing firm Quindell Plc said on Tuesday it had won a libel lawsuit against U.S.-based short-seller Gotham City Research LLP, which had raised questions about the company's revenue model and profit quality.
Socialism is in his heart, but Infosys billionaire Narayana Murthy says on May Day that "capitalism is the way forward."
Activist investor Elliott Management wants big changes at Juniper Networks, and momentum is building for the company to bend to the pressure.
Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh.
Vish Iyer, President of TCS Asia Pacific says the company is looking to expand footprint in China and is keeping an eye out for acquisitions that boost growth.
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.
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.
Aafter years of pain for America’s manufacturing sector and its workers, some economists and analysts are wondering if the tide may be turning.
President Obama and Vice President Biden are hosting a forum today in an effort to promote "insourcing" American jobs. Business leaders will meet with the President to talk about why insourcing is needed to help create jobs and attract investing dollars from companies looking to establish or grow U.S. subsidiaries.