BANGALORE (Reuters UK) - U.S. biotechnology company Genentech DNA and suitor Roche Holding ROG will meet on Tuesday to discuss the Swiss company's bid to buy Genentech stock it does not already own, Roche said. Basel-based Roche, which already has a majority stake in Genentech,...
BANGALORE (Reuters) - U.S. car company Ford Motor Co F is about to alter its focus drastically and build more small cars, the New York Times said on Tuesday, citing people familiar with the plans. Ford will make the announcement on Thursday, when...
BANGALORE (Reuters) - Industry and investor concerns about the health of Apple Inc's AAPL Chief Executive Steve Jobs have not dimmed more than a month after he appeared dramatically thinner at the firm's annual developers' conference, The New York Post said...
Barry Ritholtz submits: Early last month, we suggested that it would be more instructive if the media began reporting U3 and U6 Unemployment together. (Unemployment Reporting: A Modest Proposal (U3 + U6) Northern Trust's Asha Bangalore appears to have been thinking along the same lines, for her...
A Boston-based drug discovery company with state-of-the-art research facilities in Bangalore, India, accelerates discovery by providing products and services that eliminate the bottlenecks in the drug discovery value chain. The company partnered with Infosys to optimize business processes to exploit its resources. Post implementation of the project, which Infosys completed...
As wages increase in one region, companies move farther a field. This search for new lands spells trouble for India. Admittedly, the subcontinent remains the most popular information-technology offshoring location for U.S. companies. But observers say India's period of competitive advantage may be waning. In fact, with local wages rising...
(Reuters UK) - Anheuser-Busch BUD is in active talks to sell itself to the Belgian brewer InBev NV INTB in a friendly deal, the New York Times said on its website citing people briefed on the matter. One source told the paper that InBev had indicated...
BANGALORE (Reuters) - Bank of America Corp BAC on Thursday said it expects to eliminate about 7,500 jobs over the next two years after it completes its acquisition of Countrywide Financial Corp CFC, the largest U.S. mortgage lender. The job cuts...
(Reuters) - Microsoft Corp MSFT is preparing a new bid for Yahoo Inc's YHOO search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said. Microsoft...
One key implication of the possibility of transferring massive volumes of data across international borders at near-zero cost has been the opening up of the countries to what is called "Offshore outsourcing" or just "Outsourcing." The possibility holds the potential to effectively unite the global market for skilled labor. While...
The ASE8 gas turbine-generator sets were sold and were packaged by Triveni Engineering & Industries, Ltd., Bangalore, India. Triveni is a Vericor Power Systems packaging partner for the Asia region. A savings of 35% to 40% compared to grid-supplied electricity is what the owners of the Oberoi Hotel in Agra,...
(Reuters) - Baker Hughes Inc BHI, an oilfield services company, said on Tuesday its second-quarter profit rose 8.4 percent, helped by a jump in oil and gas drilling. The Houston company said profit in the quarter was $379.3 million, or $1.23 a share,...
(Reuters) - H&R Block Inc HRB on Tuesday named Russ Smyth, a former head of Europe for McDonald's Corp MCD, as its new president and chief executive officer effective Aug 1. Smyth's appointment comes about eight months after former CEO Mark Ernst, who...
Establishing a Dedicated Offshore Development center ODC is the latest trend in Indian outsourcing - witness United Technologies subsidiary Otis Elevator, which created one with Bangalore, India-based Wipro Technologies. After two years of sending software work to India on a project-by-project basis, the Farmington, Conn., company had accumulated a portfolio...
Acme Communications, Inc. is a pioneer in the field of web based professional services including Intranet, Extranet, and Web-enabling solutions to small and medium-sized enterprises. We are headquartered in Rockville, MD and also have part of our technical development team in Bangalore, India, which enables us to service quick turn-around...
(Reuters UK) - U.S. airlines could start seeking foreign investments and pushing for a relaxation of U.S. airline ownership laws to cope with financial problems, British Airways BAY Chairman Martin Broughton told the Wall Street Journal in an interview. The U.S. forbids foreigners from holding...
Improving Customer Service on the PhoneMessage has been deleted.Call Center Personnel / Why Not Hire The BestCustomers want three things when they make a call to customer service:1. Someone who speaks understandable English.2. Someone with the skills to understand the problem.3. Someone pleasant who has the ability to fix...
(Reuters) - Lehman Brothers Holdings Inc LEH hired Julian Cheong, a managing director at rival Goldman Sachs Group Inc GS, as co-head of its financial institutions group for Asia-Pacific, the Wall Street Journal said on Tuesday, citing people familiar with the...
BANGALORE (Reuters) - Wachovia Corp's WB earnings outlook has dramatically diminished and prospects for shareholders are bleak, said influential Wall Street analyst Meredith Whitney, who downgraded the stock to "underperform." Wachovia shares, which have slumped 75 percent this year, fell 20...
(Reuters) - Mortgage lenders Fannie Mae FNM and Freddie Mac FRE are "insolvent" and may need a U.S. government bailout, former St. Louis Federal Reserve President William Poole was quoted as saying in an interview with Bloomberg. "Congress ought to recognize that these...
