Oct 1- ConAgra Foods Inc said it will cut about 1,500 jobs, or about 30 percent of its office-based workforce, and outsource technology and back office functions to reduce costs. The maker of Slim Jim beef jerky and Chef Boyardee pasta said it expects to save at least $300 million in the next three years due to the cost cuts. The company also said it plans to move its...» Read More
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.
MUMBAI, April 9- An Indian court on Thursday held the founder of Satyam Computer Services, which was once one of India's biggest IT outsourcing companies, guilty in the country's biggest corporate accounting fraud, local television channels reported. The court is yet to announce the quantum of punishment in the case, the TV channels reported.
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Accenture raised its revenue forecast for fiscal 2015 after contract wins helped it post better-than-expected first-quarter earnings and revenue.
Socialism is in his heart, but Infosys billionaire Narayana Murthy says on May Day that "capitalism is the way forward."
Activist investor Elliott Management wants big changes at Juniper Networks, and momentum is building for the company to bend to the pressure.
Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh.
Vish Iyer, President of TCS Asia Pacific says the company is looking to expand footprint in China and is keeping an eye out for acquisitions that boost growth.
Jigar Shah, senior VP at Kim Eng India, tells CNBC a fall in IT outsourcing company, Tech Mahindra's growth is coming because a low margin of acquisitions.
Michael Foust, CEO at Digital Realty, speaks about the cost effectiveness of data centers and current trends in the industry along with business model, growth prospects and the company's acquisition plans.
Aafter years of pain for America’s manufacturing sector and its workers, some economists and analysts are wondering if the tide may be turning.
President Obama and Vice President Biden are hosting a forum today in an effort to promote "insourcing" American jobs. Business leaders will meet with the President to talk about why insourcing is needed to help create jobs and attract investing dollars from companies looking to establish or grow U.S. subsidiaries.
Security and outsourcing company G4S is planning to spend 200 million pounds ($330 million) per year on acquisitions, the company's CEO told CNBC Tuesday, after the company beat analyst expectations to post first-half earnings growth of 8 percent.
What is Sri Lanka’s contribution to global outsourcing? Accountants. The New York Times reports.
With US companies exporting jobs to India, outsourcing companies have outperformed the Nasdaq over the past 6 months. Here's how to play it.
Under fierce pressure to cut costs, large Japanese companies are increasingly outsourcing and sending white-collar operations to China and Southeast Asia, where doing business costs less than in Japan. The New York Times reports.
Even Snapple, an American iced tea maker with a homespun image, is outsourcing work to an Indian company. But in a twist, the deal may increase jobs in the United States.
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.