CHICAGO, Nov 19- Congress pounded one more nail in the coffin of traditional pensions earlier this month- and it did not have to happen. Adding insult to injury, Congress did not increase funding for multi-employer pension funds- even though it is in much worse financial shape than PBGC's single-employer program; multi-employer premiums are not counted as...» Read More
LONDON, July 29- British outsourcing group Capita said it expected organic revenue growth to accelerate in 2016 after it posted an 11 percent rise in first-half pretax profit and secured 1.6 billion pounds of major contract wins. Capita, which runs services from the Ministry of Defence pension scheme to police radio systems, said pretax profit for the six...
MUMBAI, July 8- India's IT outsourcing firms are betting on U.S. The United States is the biggest market for the outsourcing industry, which is dominated by Tata Consultancy Services Ltd, Infosys Ltd and Wipro Ltd.. "In terms of technology maturity, other sectors like manufacturing, banking, are a lot more mature than healthcare," said Rajib Bhattacharya, head of a...
June 25- Accenture Plc raised its full-year revenue forecast for the third time, reflecting continued strong demand for the company's consulting and outsourcing services. Accenture raised its full-year revenue growth forecast to 9-10 percent on a local currency basis. New York- based Accenture's rivals include India's Infosys Ltd and Tata Consultancy...
June 25- Consulting and outsourcing company Accenture Plc reported a 0.4 percent rise in third-quarter revenue, helped by growth in its North American businesses. Net income fell to $1.24 per share in the three months ended May 31, from $1.26 per share a year earlier. Net revenue increased to $7.77 billion from $7.74 billion.
TAIPEI, June 25- Taiwan stocks rose on Thursday, boosted by a strong showing by the island's key tech sector and companies related to world's No.1 contract electronics manufacturer Hon Hai Precision Industry Co Ltd.. Flat panel maker Innolux Corp and fellow contract manufacturer Foxconn Technology Co Ltd, both of which are partially owned by Hon Hai or its...
Indian IT giants have struggled to keep pace with start-ups and now find themselves seeking more flexible structures.
LOS ANGELES, June 10- One of the largest companies to manufacture solar panels in the United States uses a surprising resource to keep costs low and compete against producers from China: prison labor. Suniva Inc, a Georgia- based solar cell and panel maker that is backed by Goldman Sachs Group Inc, farms out a small portion of its manufacturing to federal inmates as...
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.