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.» Read More
Challenger, Gray & Christmas reported today the pace of tech industry job cuts jumped 167 percent in the second half of 2008, with computer, electronics and telecom firms slashing 186,995 jobs in 2008. It's the highest total since the 228,325 job cuts in 2003. And January is shaping up to be equally brutal.
Remember the wall to wall coverage given to the dangers of outsourcing in the run up to the 2004 presidential election? It was the shark attack story of that summer. Some of us argued that the threat was exaggerated. It turns out that the supply side of outsourcing was as over estimated as the demand side.
Debt collection is a growing business for outsourcing companies, especially as the American economy slows and its consumers struggle to pay for their purchases.
India's lucrative outsourcing industry struggled Thursday to overcome Internet slowdowns and outages after cuts in two undersea cables sliced the country's bandwidth in half.
Mobile phone giant Vodafone has announced plans to cut costs and expand coverage in India, where it expects growth to continue for a "substantial period of time" yet.
Intel Corp. held a groundbreaking ceremony Saturday for its first chip factory in China, expanding its presence in the booming Chinese computer industry and boosting Beijing's campaign to lure foreign high-tech investment.
Indian companies that process U.S. mortgages are reporting fewer work orders and diminishing revenue because of the subprime loan fallout overseas.
India's No. 3 software services exporter, Wipro, beat estimates with a 44% jump in its quarterly net profit and forecast strong growth in the year ahead on more outsourcing andhigher rates.
Chip giant Intel said on Monday it would invest $2.5 billion to build a microchip plant in northeastern China, with the production of chipsets to begin in 2010.
People say Cramer is a trader – he’s not about the long term. Well, four out of five days a week they’re wrong. But on Friday, he puts on his trader hat and sets to work trying to make you some mad money on the spot. Here are his IPO plays for next week.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
There’s so much going on next week that Cramer decided next week’s strategy needed to be broken into two installments. First up, playing Brocade and Movado, and a few expensive stocks that might still be worth the purchase price.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Chery-DaimlerChrysler alliance and Changfeng's "Cheetah" brand are only two of the big China stories at the 2007 North American International Auto Show.