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Outsourcing Industry News January 08, 2009 members login here
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>>   Outsourcing
MSC MALAYSIA Embarks on an "Offshore Outsourcing Awareness" Campaign for Foreign  
MarketWatch - 5 Hours ago
(BUSINESS WIRE) -- Multimedia Development Corporation announced that it has launched an international media campaign called 'Best of All Worlds,' with Cuzzy Media. In this campaign, MSC MALAYSIA will
MSC MALAYSIA Embarks on an Offshore Outsourcing Awareness Campaign for Foreign Direct  Business Wire via Yahoo!
MSC MALAYSIA Embarks on an "Offshore Outsourcing Awareness" Campaign for  Street Insider
all 2 news articles >>    Add Comment

Hunton & Williams Outsourcing Attorneys Available as Sources on Satyam Accounting  
Globe Investor - 6 Hours ago
NEW YORK, Jan. 8 /PRNewswire/ -- As the world reacts to the revelations regarding allegedly falsified financial statements from India's Satyam Computer Services, Ltd., attorneys from Hunton & Williams
Hunton & Williams Outsourcing Attorneys Available as Sources on Satyam Accounting  Street Insider
all 1 news articles >>    Add Comment

Accounting Scandal Rocks Indian Outsourcer Satyam 
Network Computing India - 2 Hours ago
Founder and chairman B. Ramalinga Raju's quick departure sends customers scrambling to evaluate how the company's financial fraud will impact their own IT operations. Satyam customers need to move swiftly
Indian outsourcer rocked by 682m fraud Best Practice
Indian Outsourcing Giant Admits Fraud Washington Post
all 24 news articles >>    Add Comment

Indian Company Fights to Survive 
New York Times - 101 Minutes ago
NEW DELHI - The Indian outsourcing company Satyam was struggling on Thursday to determine the extent of a financial fraud that has left it fighting for survival as investors began to search for ways to     Add Comment
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>>   Accounting
Ross Stores December same-store sales flat 
CNBC - 3 Hours ago
PLEASANTON, Calif. - Discount clothing retailer Ross Stores Inc. said Thursday its same-store sales were flat in December, better than analysts expected, and raised the lower end of its full-year profit
Bon-Ton Stores Dec. Comps Down 5.8% - Update RTTNews.com
American Eagle Dec. Comps Down 17%; Cuts Q4 EPS View - Update RTTNews.com
all 21 news articles >>    Add Comment

SFO opens probe into Madoff's UK operation 
Telegraph - 6 Hours ago
The SFO, which wants ex-employees of Madoff to turn whistleblowers and aid its inquiries, said: 'The focus of the investigation will be on UK victims and any criminal offences that might have been committed
Bernard Madoff investigation reaches Britain Telegraph
SFO opens probe into Madoff's UK business The Times
all 10 news articles >>    Add Comment

Auditor's Go AWOL At Satyam 
Forbes.com - 4 Hours ago
So great is the Indian elite's admiration for things American that nothing would flatter an Indian firm more than to be compared to some American counterpart. For once, though, the comparison is unflattering:     Add Comment

N.Y.court reinstates IRA lawsuit against H&R Block 
Forbes.com - 87 Minutes ago
NEW YORK, Jan 8 (Reuters) - A New York state appeals court has reinstated a lawsuit against H&R Block Inc that accused the largest U.S. tax preparer of fraudulently marketing Express IRA retirement
N.Y. court reinstates IRA lawsuit against H&R Block Portland Tribune
New York appeals court reinstates case against H&R Block TradingMarkets
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>>   Mortgage industry
Rates at record low 
Reuters UK - 4 Hours ago
LONDON (Reuters) - The Bank of England cut interest rates by half a percentage point on Thursday to a record low of 1.5 percent and economists expect it to cut again in February as it battles to prevent
Rates on 30-Year Fixed Mortgages Hit Record Low CNBC
Interest rate cut will fail to help, experts warn Telegraph
all 162 news articles >>    Add Comment

BRIEF-Fannie Mae extends foreclosure sale and eviction suspension 
Forbes.com - 4 Hours ago
Jan 8 (Reuters) - Fannie Mae: * Extends foreclosure sale and eviction suspension * Says to extend the suspension of foreclosure sales and evictions from ((Bangalore Equities Newsroom; +91 80 4135 5800;
Fannie Mae, Freddie Mac extend suspensions of foreclosures San Jose Mercury News
Fannie, Freddie extend foreclosure, eviction suspension MarketWatch
all 24 news articles >>    Add Comment

Interest rates cut: Mortgage cheer for six million home owners 
Telegraph - 2 Hours ago
Up to six million home owners on variable-rate mortgages will benefit from the base rate cut, mortgage experts say. Comments 5 | Comment on this article The Bank of England's Monetary Policy Committee
Alliance & Leicester launch new mortgage deals housefund.co.uk
Find out how the rate cut affects your mortgage and tell us what you think about  ITV.com
all 18 news articles >>    Add Comment

Mortgage lenders start matching Bank rate cut 
Reuters UK - 4 Hours ago
(Reuters) - Three major mortgage lenders said they would cut their standard variable rate by 0.5 percentage point, matching the Bank of England's rate cut on Thursday and leaving others saying they were
UPDATE 3-UK mortgage lenders start matching BoE rate cut CNBC
UPDATE 2-UK mortgage lenders start matching BoE rate cut Quote.com Spain
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>>   Insurance industry
FSA fines Aon over weak anti-bribery controls 
CNBC - 4 Hours ago
LONDON - Britain's Financial Services Authority fined insurance broker Aon Ltd. 5.25 million pounds ($8 million) on Thursday for weak anti-bribery controls â?? the largest penalty of its kind. The regulator
FSA fines Aon £5.25m for corruption control failures Guardian Unlimited
Aon fined £5.25m for anti-corruption failings City A.M.
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Aon Consulting appoints Joe Clouse as SVP and Northeast regional leader of business  
RTTNews.com - 4 Hours ago
(RTTNews) - Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp. (AOC: News ) announced that Joe Clouse has joined the Stamford office as senior vice president and Northeast
Aon Consulting Hires Joe Clouse as Northeast and Corporate Transactions Business  PR Newswire
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Manulife says news report of accounting probe false 
MarketWatch - 91 Minutes ago
/PRNewswire-FirstCall via COMTEX/ -- Manulife Financial Corporation today said a news report yesterday that state regulators in the U.S. were investigating accounting practices regarding investments made
BRIEF-Manulife says news report of accounting probe false Quote.com Canada
Manulife denies accounting probe in the United States Stockwatch
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A.M. Best Withdraws Ratings of Concord Heritage Life Insurance Company, Inc. 
Forbes.com - 114 Minutes ago
A.M. Best Co. has withdrawn the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of 'bbb+' of Concord Heritage Life Insurance Company, Inc. (Concord Heritage) (Concord, NH)
A.M. Best Withdraws Ratings of Children's Specialized-SAAML PR inside
A.M. Best Withdraws Ratings of RWJ University Hospital-SAAML PR inside
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>>   Healthcare
Teva to Present at the 27th Annual J.P. Morgan Healthcare Conference 
Forbes.com - 5 Hours ago
Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) will host a live audio webcast at the 27th Annual J.P. Morgan Healthcare Conference in San Francisco, CA. Eyal Desheh, Chief Financial Officer and William
AMRI to Present at 27th Annual J.P. Morgan Healthcare Conference Business Wire
Omnicare to Present at the 27th Annual J.P. Morgan Healthcare Conference MarketWatch
all 12 news articles >>    Add Comment

Midwest Health Care Startups Raise $1.1 Billion in 2008, Sustaining 3-Year Growth  
Forbes.com - 4 Hours ago
Midwest health care startups attracted $1.1 Billion in new investments across 166 companies in 2008, ranking the region 3rd among US regions and maintaining a multi-year growth trend for Midwest health
Report: Pittsburgh health care startups attracted $150M in new investments in 2008 San Antonio Business Journal
State health care start-ups raised $48.5 million Milwaukee Journal Sentinel
all 3 news articles >>    Add Comment

UPDATE 3-Cardinal cuts forecast on weak hospital spending 
Reuters - 4 Hours ago
* Sees FY EPS of $3.50-$3.60, vs $3.80-$3.95 previously * Shares fall more than 7 pct before paring losses (Recasts first sentence, adds share movement, analyst and company comments, byline) NEW YORK,
Cardinal cuts forecast on weak hospital spending Forbes.com
Cardinal Health cuts 2009 profit forecast CNBC
all 5 news articles >>    Add Comment

Thomas Weisel Partners Group, Inc. Announces Senior Hires in Healthcare Investment  
MarketWatch - 6 Hours ago
(MARKET WIRE via COMTEX) -- Thomas Weisel Partners Group, Inc. (: Last: Delayed quote data Analyst Create alert Insider Discuss Financials , , ) , a global growth-focused investment bank, announced that