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  • Printer maker Xerox to split into two Friday, 29 Jan 2016 | 6:52 AM ET

    Jan 29- Xerox Corp said it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit. The printer and copier maker will give billionaire activist investor Carl Icahn, who holds an 8.13 percent stake, three seats on the board of the business process outsourcing company. Xerox, whose shares had...

  • Jan 27- Canadian information technology and outsourcing services company CGI Group Inc reported a higher-than-expected quarterly profit, helped by increased sales in the United States and United Kingdom. Excluding restructuring costs and other special items, earnings rose 13.5 percent to 84 Canadian cents per share in the first quarter ended Dec. 31,...

  • Jan 27- Canadian information technology and outsourcing services provider CGI Group Inc reported a better-than-expected quarterly profit, helped by higher sales in the United States and the UK. Revenue rose about 9 percent to C $716.0 million in the United States and nearly 18 percent to C $365.3 million in the UK. Net income rose to C $237.7 million, or 75...

  • Jan 27- Canadian information technology and outsourcing services provider CGI Group Inc reported a 5.6 percent rise in quarterly revenue, helped by higher sales in the United States and UK. Net income rose to C $237.7 million, or 75 Canadian cents per share, in the first quarter ended Dec. 31, from C $236.3 million, or 74 Canadian cents per share, a year earlier.

  • London rents too high even for young bankers Tuesday, 26 Jan 2016 | 7:29 AM ET

    LONDON, Jan 26- Rents in London have risen so sharply that the one group of young workers usually immune to worries about keeping a roof over their heads are starting to feel the pinch. According to government data tracking England's private rental market in 2014-15, the median monthly rent in London is now 1,400 pounds, almost three times higher than in...

  • Davos elite alarmed at prospect of nominee Trump Thursday, 21 Jan 2016 | 1:41 PM ET

    DAVOS, Switzerland, Jan 21- "Unbelievable", "embarrassing" even "dangerous" are some of the words the financial elite gathered at the World Economic Forum conference in the Swiss resort of Davos have been using to describe U.S. Republican presidential frontrunner Donald Trump. Trump's nationalist rhetoric, particularly proposals to ban Muslims from entering the...

  • Jan 15- Canadian daily Toronto Star is closing its printing plant in Vaughan, Ontario, affecting about 285 jobs, parent Torstar Corp said on Friday. Torstar has reached a deal to outsource printing of the Toronto Star to Transcontinental Printing, making it the latest Canadian newspaper whose printing is to be outsourced amid slowing readership.

  • FRANKFURT, Jan 15- Facebook has hired a Bertelsmann business services unit to monitor and delete racist posts in Germany following widespread public criticism of the company for failing to do enough to halt hate speech, a spokeswoman said in Friday. German weekly Der Spiegel first reported on Friday that the Bertelsmann unit Arvato has hired at least 100...

  • LONDON, Jan 13- Recruitment company Hays expects economic recovery in the euro zone to boost demand for its services in 2016, helping offset a slowdown in markets such as Britain and Australia. Hays, which is now the largest white collar recruiter in Europe, said it was benefiting from a relatively new outsourcing market in Europe where companies are only just...

  • MUMBAI, Jan 12- Tata Consultancy Services Ltd is eyeing acquisitions in Europe as well as healthcare technology companies in the U.S. to boost growth, its chief executive said on Tuesday, as India's largest IT services exporter post a 12- percent rise in quarterly profit. India's export-driven outsourcing firms are betting on U.S. healthcare reform to fire up...

  • Jan 11- Outsourcing company Xchanging Plc said it did not expect a superior cash offer from Ebix Inc and urged shareholders to accept a bid from U.S.-based Computer Sciences Corp.. Insurance software company Ebix had in November made a 450 million pound takeover approach for Xchanging, which offers services ranging from back-office invoice processing to...

  • Jan 8- Breast implant maker Sientra Inc said its medical implants were found to be safe during a third-party testing, three months after it suspended sales of the devices to ensure technical compliance. In a letter to plastic surgeons dated Thursday, Chief Executive Jeffrey Nugent said the regulatory bodies had reviewed the device and found it to be safe and...

  • Key Apple contract manufacturer Foxconn will cut working hours over the week-long Lunar New Year holiday, a person familiar with the matter said, which would be a rare move. Taiwan- based Foxconn, formally known as Hon Hai Precision Industry Co Ltd, assembles the latest iPhones at factories in China where it employs hundreds of thousands of people, and typically...

  • Dec 21- Google is said to be in talks with automaker Ford Motor Co to help build the Internet search company's autonomous cars, Automotive News reported, citing a person with knowledge of the project. The contract manufacturing deal, if finalised, is expected to come during the annual International Consumer Electronics Show in Las Vegas during the first week of...

  • Dec 17- Accenture Plc reported a better-than-expected jump in quarterly revenue, helped by strong growth in its consulting business, particularly in North America. The business accounts for just over half of Accenture's revenue, with its outsourcing unit contributing the rest. Accenture has been investing heavily to boost its digital business, which offers...

  • MUMBAI, Dec 16- U.S. private equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for $170 million from General Atlantic and other shareholders. No details were provided on the size of the stake but Amit Dixit, senior managing director and co-head of private equity at Blackstone, India, told Reuters the stake was "significant".

  • MUMBAI/ TURIN, Dec 14- India's Mahindra group, with interests from tractors to IT outsourcing, has agreed to buy Italy's Pininfarina SpA in an all-cash deal valuing the Turin- based car designer at just a quarter of its closing price on Friday. In March for instance China National Chemical Corp agreed to buy into tire maker Pirelli& C SpA in a 7.3 billion euro deal.

  • MUMBAI, Dec 14- India's Mahindra group, with interests in cars and tractors, finance and IT outsourcing services, is to buy Italian car designer Pininfarina for about 33 million euros in an all-cash deal. In March, China National Chemical Corp agreed to buy into tire-maker Pirelli in a 7.3 billion euro deal. Mahindra will do the deal via a new unit in which automaker...

  • MUMBAI, Dec 14- India's Mahindra group, with interests in automobiles, finance and IT services, has agreed to buy Italian car designer Pininfarina for about 33 million euros to boost its design capabilities. The deal will be done via a new unit in which automaker Mahindra& Mahindra Ltd will hold 40 percent and Tech Mahindra Ltd, the IT outsourcing arm, will own the...

  • *CSC to buy Xchanging for 190 p/shr in cash. *Xchanging recommends CSC offer over Capita bid. Dec 9- British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about 480 million pounds after the U.S. technology consulting company topped an offer from Capita Plc.