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Jobs Outsourcing

  • INDIANAPOLIS— More than 300 Carrier Corp. workers were being laid off Thursday from the company's Indianapolis factory as part of an outsourcing of jobs to Mexico that drew criticism last year from then-presidential candidate Donald Trump. Carrier announced in February 2016 that it would close the Indianapolis plant and cut about 1,400 production jobs in...

  • *Geographic focus includes China, India, SE Asia, Korea- source. "The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well," this person said, adding that Blackstone's global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes. Last month, KKR& Co closed...

  • *Geographic focus includes China, India, SE Asia, Korea- source. "The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well," this person said, adding that Blackstone's global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes. Last month, KKR& Co closed...

  • *UK Horlicks and MaxiNutrition combined sales 30 mln pounds. LONDON, July 19- GlaxoSmithKline said it was considering the sale of its cephalosporins antibiotics business and intended to divest its small Horlicks business in Britain, while retaining the much bigger malted drink operation in India. In addition, GSK announced just over 300 job losses on...

  • *Secondary trading decisions can't be outsourced to London. LONDON, July 13- Regulators should prevent investment firms from setting up shop in one jurisdiction to avoid stricter controls in their home state, the European Union's markets watchdog said, as centres such as Dublin, Frankfurt and Paris vie for business. EU authorities are concerned about a "race to...

  • *Secondary trading decisions can't be outsourced to London. LONDON, July 13- Regulators should prevent investment firms from setting up shop in one jurisdiction to avoid stricter controls in their home state, the European Union's markets watchdog said, as centers such as Dublin, Frankfurt and Paris vie for business. EU authorities are concerned about a "race to...

  • In a re-run of a recent duel over helicopter training, Italy's Leonardo and Europe's Airbus are both preparing to enter the race to replace a mixture of private and military training for UK forces from 2020, the sources said. Airbus, which recently won a major UK military helicopter training contract, defeating a bid from Cobham that included AgustaWestland...

  • Indiana Gov. Eric Holcomb and Infosys CEO Vishal Sikka tour the grounds of the Indiana Statehouse.

    Infosys gets criticized for use of foreign worker visas, but it's creating 2,000 tech jobs in Indiana. Gov. Eric Holcomb on the deal.

  • ZURICH, July 4- Credit Suisse has told 58 of its IT workers they will be transferred to Indian computer services company HCL Technologies as Switzerland's second biggest bank presses ahead with its cost cutting drive. A spokeswoman said on Tuesday the current contracts and salaries of the affected staff would be honored for the next 12 months, and the positions...

  • June 23- Consulting and outsourcing services provider Accenture Plc said on Friday it would transfer $1.6 billion in pension obligations to insurers American International Group Inc and MassMutual. The transfer includes about $600 million in lump-sum payments to about 7,000 current and former U.S. employees of Accenture and $1 billion in purchases of...

  • June 22- Accenture Plc trimmed its annual revenue forecast on Thursday, triggering concerns that uncertainty around U.S. healthcare policy may be weighing on the company's flagship consulting business. Shares of the Dublin- domiciled company, which also provides outsourcing services, were down 4.7 percent at $121.17 in morning trading.

  • June 22- Consulting and outsourcing services provider Accenture Plc reported a 5.1 percent increase in quarterly net revenue on Thursday, as the company's investments to boost its digital and cloud service offerings pay off. Net revenue rose to $8.87 billion from $8.43 billion in the third quarter ended May 31. Net income attributable to Accenture fell to...

  • The British outsourcing group hired Goldman Sachs last year to launch an auction process for one of its units, Capita Asset Services, in a bid to raise cash and return to growth after a string of profit warnings, partly due to Britain's vote to leave the European Union. Another source named European buyout fund BC Partners as the fourth bidder involved in the...

  • LONDON, June 13- A recovery in tech stocks and fresh optimism over troubled Italians banks lifted European shares from seven-week lows on Tuesday. Italy's benchmark rose 0.9 percent. Tech stocks rose more than 1 percent after Monday's sell-off, when concern over valuations at U.S. companies spilled over to Europe, particularly companies supplying Apple.

  • LONDON, June 13- UK blue chips eased on Tuesday as a bounce in the pound hit export-oriented companies, overshadowing a recovery in tech stocks, while a rally in outsourcing firm Capita led mid-caps higher. There was relief after Monday's tech stocks sell-off, which hit UK tech firms Micro Focus and Sophos, but trading remained muted with the FTSE 100 ending down...

  • LONDON, June 13- A recovery in tech stocks and fresh optimism over Italy's troubled banking sector lifted European shares off 7- week lows on Tuesday, while a bounce in Capita boosted British equities. The pan-European STOXX 600 index was up 0.6 percent, almost fully recovering losses from the previous session, while Italy's benchmark rose 1 percent.

  • *FTSE 100 up 0.4 pct. Relief was palpable after Monday's dip, which hit UK tech firms Micro Focus and Sophos, but trading remained muted with the FTSE 100 up just 0.2 percent as investors continued to sift through the fall-out from Britain's election. "There's a tendency to turn to one factor and attribute it to that, but people always just get nervous when valuations...

  • LONDON, June 13- British outsourcing group Capita said it expects to improve its profitability and secure more contract wins this year, sending its shares sharply higher as it recovers from a string of profit warnings and the departure of its CEO. Both are seen as key to future performance after the company was hit by clients delaying major deals in the wake of...

  • LONDON, June 13- European stocks rebounded from seven-week lows in early deals on Tuesday as shares in tech firms recovered and financials rose, while British firms were led by a jump in shares in Capita. Visitor attractions group Merlin Entertainments fell around 3 percent, however, after striking a cautious tone in its outlook and saying that attacks in...

  • LONDON, June 13- Britain's troubled outsourcing group Capita said it hoped to improve its profitability and secure more contract wins in the second half of 2017 as it slowly rebuilds from a string of profit warnings. Capita, which specializes in providing IT-enabled business services to banks and investors, the National Health Service, retailers and...