IBM to lay off 5,000 in US, outsource to IndiaMarch 26th, 2009 NEW YORK - US computer firm IBM plans to lay off 5,000 workers in its service area in the US, and outsource the majority of them to India, the US business daily Wall Street Journal reported Thursday, citing an insider. At year's end IBM employed around 400,000 people worldwide, with the Wall Street Journal reporting that the company had laid off around 4,600 workers in areas of software, sales and semiconductors at the start of the 2009.
AP, News Corp bosses say it is time for search engines, bloggers to pay for contentOctober 9th, 2009 AP, News Corp bosses tell search engines to pay upBEIJING — The leaders of two of the world's major news organizations said Friday that it is time for search engines and others who use news content for free to pay up. The comments from Tom Curley of The Associated Press and News Corp.'s Rupert Murdoch come as the media industry struggles in the Internet age.
Intuit forecasts wider 1st-quarter loss, fiscal-year profit below Wall Street viewAugust 20th, 2009 Intuit 1Q loss forecast wider than Street viewMOUNTAIN VIEW, Calif. — Personal finance and business software maker Intuit Inc.
Newspapers expected to open Internet toll booths this fall as publishers test online feesSeptember 20th, 2009 Want to read all about it online? It may cost youSAN FRANCISCO — With their advertising revenue drying up, newspaper publishers spent much of the spring and summer debating whether to cut off free online access to some of the material they run in their shrinking print editions. It looks like the talk will turn to action this fall, when some large newspapers are expected to put up Internet toll booths.
Now be prepared to pay for Hulu contentsJune 5th, 2009 Would you like to pay for Hulu's videos? In near future you might have to. AOL's new chief, Jon Miller is targeting all digital initiatives at Rupert Murdoch's News Corp.
Mentor Graphics offers third-quarter outlook above Wall Street expectationsAugust 21st, 2009 Mentor Graphics issues strong 3Q outlookWILSONVILLE, Ore. — Software company Mentor Graphics Corp.
ExlService Holdings 2Q profit tumbles from year-ago period, meets estimatesAugust 6th, 2009 ExlService Holdings 2Q profit falls, shares slipNEW YORK — Outsourcing company ExlService Holdings Inc. said Thursday its second-quarter profit dropped more than 50 percent, as revenue fell almost 10 percent, but its results met Wall Street estimates.
Obama's Outsourcing Policy is severely criticized by WSJ and LA TimesMay 6th, 2009 NEW YORK - President Barack Obama's proposal to make tax changes to deter outsourcing jobs to, say, Bangalore is 'antigrowth, job-destroying, protectionist and unlikely to raise the tax revenue', the Wall Street Journal argued Tuesday, while the Los Angeles Times termed it populist. The president Monday said the US tax system is such 'that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York.'
That looks like a great argument for lowering taxes on the firms creating jobs in Buffalo, but that is not what Obama has in mind, the Journal noted in an editorial 'Obama's Global Tax Raid'.
Tibco Software shares up after 3Q results top Wall Street forecastsSeptember 25th, 2009 Tibco Software shares up after 3Q resultsNEW YORK — Shares of Tibco Software Inc. rose Friday after the company's third-quarter earnings topped Wall Street expectations with the help of lower expenses.
Dell says fiscal 2nd quarter sales to top previous quarter, PC demand stablizingJuly 14th, 2009 Dell: PC demand stable stabilizingROUND ROCK, Texas — PC maker Dell Inc. said Monday it expects its fiscal second-quarter revenue to be slightly higher than in the first quarter, when sales plunged 23 percent to $12.3 billion.
News Corp. 4th-quarter net loss hits $203 million on MySpace writedownAugust 5th, 2009 News Corp 4Q loss hits $203M on MySpace writedownLOS ANGELES — News Corp said Wednesday it lost $203 million in the latest quarter due to a huge writedown at MySpace, but Rupert Murdoch said his global media conglomerate is seeing signs of life in moribund advertising markets. Results for the quarter to June 30 narrowly beat analyst expectations and shares rose 2 cents in after-hours trade to $10.60 after closing down a penny at $10.58 in the regular session.
American Software posts higher earnings, lower revenue for fiscal first quarterSeptember 3rd, 2009 American Software reports rise in 1Q earningsATLANTA — American Software Inc. reported higher earnings for its fiscal first quarter even though revenue came in 7 percent below year-ago levels.
Yahoo to name Carol Bartz as CEO: ReportJanuary 13th, 2009 SAN FRANCISCO - Yahoo Inc. is expected to name Carol Bartz, former head of software company Autodesk, as its next chief executive officer (CEO), Wall Street Journal reported Tuesday.
Dell profit sinks 23 percent in slumping PC market but edges past Wall Street estimatesAugust 27th, 2009 Dell profit down 23 pct but just beats estimateSAN FRANCISCO — Dell Inc. says its second-quarter profit fell 23 percent as the personal-computer industry's slump dragged on this summer.
Dell is working on a smart phone for AT&T that runs Google's Android system, report saysOctober 7th, 2009 Report: Dell to make Android phone for AT&TSEATTLE — Dell Inc. is working on a "smart" phone for AT&T that runs Google Inc.'s Android phone operating system, according to a newspaper report Wednesday.
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