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  • BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...

  • UPDATE 1-BNY Mellon says fund pricing system collapsed Wednesday, 26 Aug 2015 | 2:54 PM ET

    BNY Mellon blamed the pricing glitch on a system used by financial software provider SunGard. BNY Mellon spokesman Kevin Heine said he did not know how many funds had been affected. BNY Mellon was able to construct Monday net asset values for all affected funds.

  • *Nishida aimed to head Japan's business lobby. TOKYO, Aug 25- Tom Scott, a former U.S. executive at Toshiba Corp, remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down. Now his, and other executives' management style is at the center of questions over...

  • CHICAGO, Aug 19- Two days after being promoted to the new position of Target Corp's Chief Operating Officer, John Mulligan's big job is clear: fix a supply chain that the company blamed for shortages of goods that are undermining sales growth. Target's larger rival, Wal-Mart Stores Inc, has struggled to tackle the problem of running out of stock at its own stores for...

  • India IT giants revamp culture to battle startups Wednesday, 17 Jun 2015 | 8:46 PM ET

    Indian IT giants have struggled to keep pace with start-ups and now find themselves seeking more flexible structures.

  • 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.