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Jobs Outsourcing

  • Air Force One sits ready for boarding on the tarmac at Joint Base Andrews in Maryland U.S. December 6, 2016, the same morning that U.S. President-elect Donald Trump urged the government to cancel purchase of Boeing's new Air Force One plane saying it was "ridiculous" and too expensive.

    U.S. President-elect Donald Trump extracted a promise from Boeing's CEO that the cost of replacing Air Force One would not exceed $4 billion.

  • President-elect Donald Trump extracted a promise from Boeing Co's chief executive on Wednesday that the cost of replacing Air Force One would not exceed $4 billion, his latest move to use the bully pulpit to pressure companies to help advance his economic agenda. It's a program that's very, very expensive, "Trump told reporters after meeting with the CEOs and a...

  • PALM BEACH, Fla., Dec 21- U.S. The Republican met with Dennis Muilenburg of Boeing Co and Marillyn Hewson of Lockheed Martin Corp at Trump's Mar-a-Lago resort in Palm Beach, Florida, where he is spending Christmas. It's a program that's very, very expensive, "Trump told reporters after meeting with the CEOs and a dozen Pentagon officials involved with defense...

  • PALM BEACH, Fla., Dec 21- U.S. The Republican met with Dennis Muilenburg of Boeing Co and Marillyn Hewson from Lockheed Martin Corp at Trump's Mar-a-Lago resort, where he is spending Christmas. On Wednesday, he also named economist Peter Navarro, a China hawk, to head up his White House team on industrial policy.

  • President-elect Donald Trump was scheduled to meet on Wednesday at his Florida resort with the chief executives of two defense contractors he has criticized over project costs. Muilenburg had told Trump that the costs could be lowered if the Air Force changes its requirements. The costs of the F-35s, used by the U.S. Marine Corps and Air Force, and by six...

  • *Outsourcing deal for India eyed in current quarter. WATERLOO, Ontario, Dec 20- BlackBerry Ltd, helped by its higher-margin software business, reported better-than-expected adjusted earnings and raised its full-year growth forecast on Tuesday, though concerns about overall revenue growth reversed early share gains. BlackBerry Chief Executive John Chen...

  • *Outsourcing deal for India eyed in current quarter. WATERLOO, Ontario, Dec 20- BlackBerry Ltd, helped by its higher-margin software business, reported better-than-expected adjusted earnings and raised its full-year growth forecast on Tuesday, though concerns about overall revenue growth kept the company's shares in check. BlackBerry Chief Executive John...

  • EDINBURGH, Dec 8- Outsourcing group Capita announced the sale of its asset management services arm alongside a second profit warning in three months on Thursday, exposing flaws in its strategy made worse by the Brexit vote and sending its share price crashing. That in turn was a result of a slowdown in new orders coming through as new customers hesitate to commit...

  • *Cuts 2016 profit forecast for second time in three months. *Outlook next year still tough. EDINBURGH, Dec 8- British outsourcer Capita said it would sell assets and trim costs in a bid to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweller Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • LONDON, Dec 1- Britain's Serco reiterated its forecasts for the rest of this year and next, avoiding the turmoil hitting the wider outsourcing sector, helped by a long-term turnaround programme. The whole outsourcing sector has been hit in recent months by warnings from Capita and Mitie which both reported that trading had slowed due to client indecision...

  • LONDON, Dec 1- British outsourcing firm Serco Group stuck to its underlying outlook for next year and said a long-term turnaround programme should see the company move into a growth phase from 2018.. The group which provides security, traffic, defence and education services for governments across the world, said it expected to report trading profit of between...

  • WASHINGTON, Nov 30- United Technologies Corp's Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping more than 1,000 jobs in the state rather than moving them overseas. The deal, an outline of which was announced...

  • *FTSE 100 up 0.2 pct. *Energy sector biggest riser as oil soars on OPEC deal. On Wednesday, however, the FTSE's oil and gas index rose 4.1 percent after the price of oil shot up as members of OPEC, the oil producers' cartel, agreed to trim output for the first time since 2008 in a last-ditch bid to support prices.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweler Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweler Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • Is it safe to outsource workers?

    Jeff Gravenhorst, CEO of ISS, which employs more than 510,000 people, says he is certain the company has not hired potential terrorists because it has very good vetting procedures.

  • Accenture reported better-than-expected quarterly earnings and revenue, helped by strong demand in North America.

  • General Electric

    General Electric is planning to move 500 jobs overseas, citing the Export-Import Bank expiration.

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