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Jobs Outsourcing

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  • LONDON, March 12- British outsourcing firm Serco on Thursday launched a 555 million pounds rights issue after a spectacular profit collapse and said it was unlikely to return to sales growth for another three years. Serco's shares fell as much as 16 percent as analysts' hopes for a smaller cash call were dashed and the company's more cautious outlook beyond 2015...

  • LONDON, March 12- British outsourcing firm Serco kicked off a 555 million pound rights issue on Thursday and said it was unlikely to return to growth for another three years, as it reported a spectacular collapse in profits. Shares in Serco fell 15 percent in early trade to 175 pence. "There is a real sense that, having confessed our sins and in taking the punishment, we...

  • Serco profits collapse, kicks off rights issue Thursday, 12 Mar 2015 | 3:24 AM ET

    LONDON, March 12- Serco kicked off a 555 million pound rights issue on Thursday and said it had the right plan in place to turn the embattled British outsourcing firm around after a spectacular collapse in profits and reputation. Guidance for 2015 profit was maintained, although Serco scrapped the dividend and added it would not now comment on prospects for 2016...

  • Xerox's profit beats Street on lower costs Friday, 30 Jan 2015 | 10:34 AM ET
    Xerox

    Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.

  • Accenture raises revenue outlook after strong 1Q Thursday, 18 Dec 2014 | 12:02 PM ET

    Accenture raised its revenue forecast for fiscal 2015 after contract wins helped it post better-than-expected first-quarter earnings and revenue.

  • Billionaire: Capitalism bashers finally getting it Thursday, 1 May 2014 | 8:54 AM ET
    N.R.Narayana Murthy

    Socialism is in his heart, but Infosys billionaire Narayana Murthy says on May Day that "capitalism is the way forward."

  • Paul Singer's hedge fund circles Juniper Networks Monday, 10 Feb 2014 | 7:29 AM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Activist investor Elliott Management wants big changes at Juniper Networks, and momentum is building for the company to bend to the pressure.

  • The mysterious Asian middleman behind your clothes Thursday, 8 Aug 2013 | 2:22 PM ET
    Demonstrators stand outside of the Li Fung tower in Hong Kong as they protest over what they say are unpaid wages owed to textile workers in Turkey by Li and Fung and garment brand Esprit.

    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.

  • TCS: Open to strategic acquisitions Sunday, 28 Jul 2013 | 8:46 PM ET
    Open to strategic acquisitions: Vish Iyer

    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.

  • Mahindra's Growth Will Fall on Dud Acquisitions Tuesday, 21 May 2013 | 4:40 AM ET
    Mahindra's Growth Will Fall on Dud Acquisitions

    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.

  • Digital Realty on Data Center Trends: CEO Thursday, 4 Apr 2013 | 8:45 PM ET
    Data Centre Trends

    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.

  • factory_worker_200.jpg

    Aafter years of pain for America’s manufacturing sector and its workers, some economists and analysts are wondering if the tide may be turning.

  • Inside the President’s Insourcing Forum Wednesday, 11 Jan 2012 | 10:48 AM ET
    NN_c_suite_200.jpg

    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.

  • Sri Lankan Accountants Lure Global Outsourcers Monday, 29 Nov 2010 | 10:27 PM ET
    indianaccountant.jpg

    What is Sri Lanka’s contribution to global outsourcing? Accountants. The New York Times reports.

  • Market Pro's Top 3 Plays on India Friday, 5 Nov 2010 | 5:37 PM ET

    With US companies exporting jobs to India, outsourcing companies have outperformed the Nasdaq over the past 6 months. Here's how to play it.

  • Many in Japan Are Outsourcing Themselves Thursday, 22 Jul 2010 | 10:20 AM ET
    Japanese job fair

    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.

  • Snapple Deal to Outsource May Add Jobs In America Wednesday, 1 Jul 2009 | 11:20 AM ET
    Snapple Logo

    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.

  • Tech Jobs

    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.

  • Bowyer: Satyam and Outsized Outsourcing Exaggerations Thursday, 8 Jan 2009 | 12:40 PM ET
    Jerry Bowyer

    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.