Genpact To Build China’s First Global “Process Innovation Center”

By Adam E. John Genpact has signed a five-year strategic partnership agreement with the government of Qingdao to foster the globalization of Chinese corporations. Genpact will use its global expertise to assist local enterprises...

Facebook IPO Slated For Second Quarter, 2012

By Sudarshana Banerjee Facebook is looking at April to June 2012 for its initial public offering (IPO), says a WSJ report by Shayndi Raice. The report says Facebook is discussing internally about...

Google Wallet, Apple Will Force MNO Cooperation In Mobile Wallet Wars: ABI Research

Mobile wallets are coming, and while MNOs will provide the majority of NFC-based mobile wallets, their market share will erode between 2012 and 2016 as Google and Apple claim loyal users,...

IBM Opens Procurement Center In Ghana

IBM has opened a new procurement center in Ghana.The center, located in Accra, will serve clients and business partners in Ghana and 16 other African countries. IBM has made substantial investments in...

Nokia Siemens To Cut 17,000 Jobs

Nokia Siemens Networks plans to reduce its global workforce by approximately 17,000 by the end of 2013. Nokia Siemens Networks will begin the process of engaging with employee representatives in accordance with...

Lenovo Study Says Our Students May Not Be Giving STEM High Priority

According to the results of the 2011 ‘Global Student Science and Technology Outlook’, a study conducted by Lenovo and Redshift Research, students in emerging countries - India, Mexico and Russia -...

Yelp Files $100 Million IPO Forms With SEC

By Adam E. John Yelp has filed for an IPO of up to $100 million in Class A common shares.  The proposed maximum aggregate price of $100 million is used to calculate...

Accenture: Workers Under Pressure To Improve Skills, Need More Support

The majority (55 per cent) of workers in the U.S. report they are under pressure to develop additional skills to be successful in their current and future jobs, but only 21...

Spending On Risk Management Will Reach Over $74 Billion By 2015

According to IDC’s Worldwide Risk Technology Spending report, worldwide IT spending pertaining to risk functions will reach over $74 billion by 2015. Growth in IT spending on risk management will outpace...

Cisco Reports 1Q 2012 Results

Cisco reported its first quarter results for the period ended October 29, 2011. The company reported first quarter net sales of $11.3 billion, and net income of $1.8 billion or 33...

Diligenta Wins $2.2 Billion, 15-Yr Contract

Diligenta, a business process outsourcing (BPO) provider in the UK and a subsidiary of Tata Consultancy Services (TCS) will assume administration responsibility for 3.2 million policies for Friends Life, a provider...

Worldwide PC Microprocessor Revenues In 3Q2011 Up

Worldwide PC microprocessor revenues in the third calendar quarter of 2011 (3Q11) rose to $10.7 billion, up 12.2 per cent compared to 2Q11 and up 16.1 per cent compared to 3Q10,...

GRPN Begins Trading, Second To Google

  By Adam E. John “Today, Groupon opened for public trading on NASDAQ under the ticker symbol GRPN,” wrothe the company’s co-founder and CEO Andrew Mason in the company blog. Groupon has finally...

HP, CA Technologies Join Open Data Center Alliance

HP and CA Technologies have joined the Open Data Center Alliance (ODCA), said the ODCA. The Alliance now represents more than 90 per cent of virtualization software, two thirds of server...

LinkedIn Reports $1.6 Million Loss, Revenue Up 126%

By Vikram Sethi LinkedIn has reported a $1.6 million loss for the third quarter  of 2011. Revenues increased 126 per cent over $61.8 million for the third quarter of 2010. You can access...