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Jobs Outsourcing

  • Feb 21- Shares in U.S. private prison operators CoreCivic Inc and Geo Group, already buoyed by hopes they would profit from a Republican administration, may rise further on immigration curbs and narrow a valuation gap with REIT peers. The U.S. Immigration and Customs Enforcement's detention centers are all outsourced to private operators.

  • LONDON, Feb 21- Outsourcing group Capita, under pressure from a slowdown in demand from customers, said it had written off the value of a number of historic contracts, sending its shares down over 4 percent. Shares in the group, which said it was otherwise trading in line with the guidance it gave in December, were down 21 pence at 491 pence at 0806 GMT.

  • MUMBAI, Feb 17- Automation and the new U.S. administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, which rose to prominence at the turn of the...

  • About 70 percent of the 85,000 H-1B visas granted in 2015 went to nationals from one country.

  • Feb 10- Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 million based on future performance. The company said it expects to use part of the proceeds to buy back shares and...

  • Blackstone has agreed to acquire insurance broker Aon's employee benefits outsourcing business for around $4.8 billion.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to Blackstone Group LP for $4.3 billion in cash. Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018.. The repurchase program has been increased by $5 billion, bringing the total amount...

  • NEW YORK, Feb 9- Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. Blackstone prevailed over buyout firm Clayton Dubilier& Rice LLC in an auction for the benefits administration and human resources...

  • SAN FRANCISCO/ WASHINGTON, Feb 2- Among Silicon Valley's top tech employers, Facebook Inc could be the most vulnerable to U.S. President Donald Trump's expected crackdown on guest-worker visas, according to a Reuters analysis of U.S. Labor Department filings. That could cause problems for Facebook if Trump or Congress decide to make the H-1B program more...

  • SAN FRANCISCO/ WASHINGTON, Feb 2- Among Silicon Valley's top tech employers, Facebook Inc could be the most vulnerable to U.S. President Donald Trump's expected crackdown on guest-worker visas, according to a Reuters analysis of U.S. Labor Department filings. That could cause problems for Facebook if Trump or Congress decide to make the H-1B program more...

  • Manila Philippines

    Philippine property may face a slowdown despite the country managing one of the world's fastest economic growth rates. Analysts blame Trump.

  • *Spot gold breaks above $1,200, highest since Jan. 24. The U.S. currency was already weaker after Trump sacked top U.S. government lawyer Sally Yates, who refused to defend his curbs on travel from seven Muslim-majority nations. He has really turned from being a bit of a foe of gold to a friend with the uncertainty of his policies, " Ole Hansen, head of commodity strategy...

  • Hindu Sena party president, Vishnu Gupta places a garland of flowers on a poster of US President-elect Donald Trump during an event in New Delhi on January 19, 2017.

    Within his first few days as president, Donald Trump has made Narendra Modi and his country a priority.

  • BOSTON, Jan 25- Harvard University plans to outsource most of its investment management activities and cut its endowment staff by roughly half, in a dramatic overhaul in how the Ivy League school's $35.7 billion in assets are managed. As the richest university in the world, Harvard's decision to break with its long-held hybrid investment model, in which a...

  • BOSTON, Jan 25- Harvard University plans to outsource most of its investment management activities and cut its staff by roughly half, in a dramatic overhaul in how the Ivy League school's $35.7 billion endowment is managed. The internal team that oversees real-estate investments will spin out into an independent group that is expected to keep managing money...

  • BOSTON, Jan 25- Harvard University plans to outsource most of its investment management activities and cut more than a hundred jobs, marking a dramatic overhaul in how the Ivy League school's $35.7 billion endowment is managed. Harvard Management Co's new chief executive officer N.P. Narvekar announced the plans in a letter on Wednesday, noting that the...

  • Jan 25- Harvard University's investment arm is expected to outsource management of most of its $35.7 billion endowment and lay off roughly half the 230 staff, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Harvard Management Co, which oversees America's largest endowment, will close its internal hedge funds and lay off...

  • SEATTLE, Jan 19- Spirit AeroSystems Holdings Inc, a major supplier to aircraft maker Boeing Co, is considering outsourcing up to 85 U.S. supply chain jobs, possibly to a company overseas, according to three people familiar with the plan. Donald Trump, who will be sworn in as U.S. president on Friday, has repeatedly criticized U.S. companies for not doing more to keep...