Demand for Twitter has lifted the likely offer price to $27, but advisors caution against the stock, citing IPO risks and social media competition.
If American companies really don't have enough qualified workers, would they still import them despite the higher cost?
*Sees 2013 earnings of at least $4.01/ share vs prev forecast $3.96. *Expects 2013 revenue of at least $8.84 bln vs est $8.74 bln.
Nov 5- IT services firm Cognizant Technology Solutions Corp reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on consulting.
Take a look at some of Wednesday's midday movers:
India's second-largest IT services exporter has agreed to pay $34 million in a civil settlement with U.S. authorities investigating its use of visas.
*Infosys says no limit on eligibility for U.S. federal contracts. BANGALORE, Oct 30- Infosys Ltd said on Wednesday it has reached a $34 million settlement with U.S. authorities in a case involving the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas.
*Infosys says in process of resolving visa investigation. BANGALORE, Oct 29- Indian IT firm Infosys Ltd said on Tuesday it was in the process of reaching a settlement with the U.S. government over the company's alleged misuse of temporary business visas.
India's Infosys said it was in the process of reaching a settlement with the U.S. over the company's alleged misuse of temporary business visas.
Ankur Rudra, Vice-President of Ambit Capital tells CNBC's Cash Flow that Wipro's rally is short-lived and advises investors to short the stock.
Retail banks care becoming increasingly concerned about being left behind by trends in social networking and mobile computing, according to a survey of the industry.
S.D. Shibulal, CEO of Infosys, comments on the lawsuit in the U.S., the group's growth prospect as the U.S. is gaining momentum and Europe is showing "signs of early improvements".
Infosys posted quarterly profit that missed analyst estimates on a charge related to visa, but raised its fiscal year revenue guidance.
Stocks have had a run of bad days as investors worry about the effects of Fed tapering, which could start as soon as September. But some experts say the markets have it all wrong.
This earnings season IT outsourcing firms have posted surprisingly upbeat earnings, a sign tech spending by U.S. corporations is slowly coming back, said analysts.
India's new exurban planned communities could be part of a solution to large-scale municipal failings, or the greatest mass fleeing from impoverished cities in the 21st century.
For all the worries among investors and policymakers over the rupee's sudden plunge to record lows, the Indian economy may now be in better shape to handle a depreciation.
We have a stacked day of earnings coming up on Thursday with Nokia, Google, IBM and Microsoft all reporting.
Next week is a big week for the earnings. CNBC's Jon Fortt gives a rundown on what to expect from tech companies.
Some of the names on the move ahead of the open.