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Outsourcing

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  • *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...

  • Billionaire: Capitalism bashers finally getting it Thursday, 1 May 2014 | 8:54 AM ET
    N.R.Narayana Murthy

    Socialism is in his heart, but Infosys billionaire Narayana Murthy says on May Day that "capitalism is the way forward."

  • Paul Singer's hedge fund circles Juniper Networks Monday, 10 Feb 2014 | 7:29 AM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Activist investor Elliott Management wants big changes at Juniper Networks, and momentum is building for the company to bend to the pressure.

  • The mysterious Asian middleman behind your clothes Thursday, 8 Aug 2013 | 2:22 PM ET
    Demonstrators stand outside of the Li Fung tower in Hong Kong as they protest over what they say are unpaid wages owed to textile workers in Turkey by Li and Fung and garment brand Esprit.

    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.

  • TCS: Open to strategic acquisitions   Sunday, 28 Jul 2013 | 8:46 PM ET
    Open to strategic acquisitions: Vish Iyer

    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.

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

    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.

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

    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.

  • factory_worker_200.jpg

    Aafter years of pain for America’s manufacturing sector and its workers, some economists and analysts are wondering if the tide may be turning.

  • Inside the President’s Insourcing Forum Wednesday, 11 Jan 2012 | 10:48 AM ET
    NN_c_suite_200.jpg

    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.

  • Security and outsourcing company G4S is planning to spend 200 million pounds ($330 million) per year on acquisitions, the company's CEO told CNBC Tuesday, after the company beat analyst expectations to post first-half earnings growth of 8 percent.

  • Sri Lankan Accountants Lure Global Outsourcers Monday, 29 Nov 2010 | 10:27 PM ET
    indianaccountant.jpg

    What is Sri Lanka’s contribution to global outsourcing? Accountants. The New York Times reports.

  • Market Pro's Top 3 Plays on India Friday, 5 Nov 2010 | 5:37 PM ET

    With US companies exporting jobs to India, outsourcing companies have outperformed the Nasdaq over the past 6 months. Here's how to play it.

  • Many in Japan Are Outsourcing Themselves Thursday, 22 Jul 2010 | 10:20 AM ET
    Japanese job fair

    Under fierce pressure to cut costs, large Japanese companies are increasingly outsourcing and sending white-collar operations to China and Southeast Asia, where doing business costs less than in Japan.  The New York Times reports.

  • Snapple Deal to Outsource May Add Jobs In America Wednesday, 1 Jul 2009 | 11:20 AM ET
    Snapple Logo

    Even Snapple, an American iced tea maker with a homespun image, is outsourcing work to an Indian company. But in a twist, the deal may increase jobs in the United States.