BUSINESS

Worldwide Top 5 ITO Providers by Revenue Market Share, 2011 (Millions of Dollars)

Worldwide IT Outsourcing Market Grew 7.8% In 2011

The Worldwide IT outsourcing (ITO) market grew 7.8 percent from 2010, with the revenue totaled at $246.6 billion in 2011. It was the Indian-based IT services providers and providers rooted in cloud-based services that delivered the highest growth rates in 2011.
Traders work on the floor of the New York Stock Exchange

US Stock Futures Signal Rebound Monday

Futures on major U.S. indices point to a slight rebound on Wall Street Monday after a string of losses last week amid worries Greece might leave the euro and an emerging debt crisis in Spain.
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Blind Chinese dissident Chen Guangcheng (C) is helped by his wife Yuan Weijing (R) after arriving in New York May 19, 2012.

Chen Guangcheng: From Legal Activist In China To Legal Fellow In US

Capping an extraordinarily eventful four weeks, Chen Guangcheng -- a blind attorney known as the Barefoot Lawyer -- flew to the U.S. from China on Saturday. Chen began the day in a Beijing hospital and ended it in a New York apartment building, according to multiple media reports.
A technician of computer microprocessors maker AMD poses for the media with a wafer at the chip plant in Dresden

ARM, Intel Battle Heats Up

Low-power processor maker ARM Holdings PLC (Nasdaq: ARMH) is stepping up the rhetoric against chip rival Intel Corp. (Nasdaq: INTC), saying it expects to take more of Intel's share in the notebook personal-computer market than Intel can take from it in the smartphone market.
Hand-Written Manuscript by Steve Jobs Up for Sale

Larger iPhone 5 May Have Been Jobs' Final Work

Apple Inc.'s refresh of its top-selling iPhone is likely to include a larger screen, reflecting the final wishes of Steve Jobs and putting it in a class of devices previously defined by rivals.
(L-R) French Socialist party members Arnaud Montebourg, Segolene Royal and Najat Vallaud-Belkacem and France's newly-elected President Francois Hollande celebrate on stage with during a victory rally at Place de la Bastille in Paris early May 7, 2012.

All The President's Women: Francois, Segolene, And Valerie

Politics make strange bedfellows indeed -- especially in France. Francois Hollande, the newly elected Socialist president of the republic, has formed his cabinet and is planning to scale back the austerity programs imposed by his predecessor, Nicolas Sarkozy, of the center-right UMP party.
Woman walks past stock quotation board outside brokerage in Tokyo

Weekly Roundup: Asian Markets Slump On Euro Zone Concerns, Weak US Data

Asian markets fell this week as they succumbed to the pressures of the euro zone debt crisis and the economic data about the U.S. missing estimates. The Chinese Shanghai Index dropped 2.1 percent and the Japanese Nikkei fell 3.8 percent. Hong Kong's Hang Seng Index plunged 5.1 percent and India's BSE Sensex slumped 0.86 percent.
General Motors issued fourth-quarter results Thursday.

General Motors Won't Advertise During 2013 Super Bowl

The General Motors Co. (NYSE: GM), the largest U.S. automaker, said Friday it will not advertise during the broadcast of the 2013 Super Bowl as it shifts its advertising strategy, according to the Wall Street Journal.
Facebook IPO

Stocks Slump On European Risk, Tepid Facebook IPO: Daily Markets Wrap

World stock markets fell Friday, slammed by ratings cuts for Greece and five of its banks, which were announced ahead of a crucial Group of 8 summit this weekend. While Facebook's much-anticipated initial public offering provided a temporary distraction for traders, its first-day performance concluded with more of a whimper than a bang.
An anti-IMF poster is stuck to a window outside the Dawson Street offices in Dublin

Ireland May Need Second Bailout: Report

While global leaders obsess over the likelihood of debt-stricken Greece departing the euro zone, an emerald isle 1,800 miles away from Athens may be on the brink of needing another financial bailout.

The Most-Effective, Quickest Way To Create More U.S. Jobs

In a talk at New York's Princeton Club, Nobel Prize-winning economist and New York Times Columnist Paul Krugman said the solution to create more jobs and get the U.S. economy to grow faster isn't rocket science: it's fiscal stimulus.
ArcelorMittal Chief Financial Officer Aditya Mittal.

Steelmaker Nucor Buys Skyline For $605 Million

U.S. steelmaker Nucor Corp. (NYSE: NUE) said Friday it will buy Skyline Steel LLC and its subsidiaries from Luxembourg's mining and steel company ArcelorMittal (NYSE: MT) for $605 million.

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