BUSINESS
April 30, 2012
Outsourcing company Wipro Ltd. said Monday it reached a deal to buy Promax Applications Group, a privately held provider of trade promotion planning and management services, for 35 million Australian dollars ($36.6 million). Wipro, which is based in India, said that by industry estimates, consumer-focused companies spend as much as a quarter of their yearly sales on trade promotions, that is, marketing activities directed at vendors rather than people. Promax is based in Australia, with offices in New Zealand, Japan, Europe and North America.
NEWS
April 26, 2012 | By Jennifer Fenn Lefferts, Globe Correspondent, Globe Staff
By Jennifer Fenn Lefferts, Globe Correspondent Concord's bus service will continue to be run by the town for at least the next year. The School Committee voted Monday night to lease a facility in Billerica for the next school year and then come up with a permanent plan for the future, said Peter Fischelis, the chairman of the Concord-Carlisle Regional High School Committee. The existing transportation maintenance and storage facility is located on the grounds of the Concord-Carlisle Regional High School but must be torn down this summer to make way for the new...
NEWS
April 22, 2012 | By Jennifer Fenn Lefferts
The future of Concord's school bus service is expected to be a hot topic of discussion at a Special Town Meeting this week when a group of residents will ask officials not to hire a private contractor. There are two articles on Tuesday's warrant related to the School Department's transportation system, which has been operated in-house since 1957. School officials recommended turning it over to a private contractor starting next year to save money, but many residents are strongly opposed to any change.
BUSINESS
April 13, 2012 | Erika Kinetz, AP Business Writer
Infosys Technologies reported quarterly profit of $463 million Friday and said its revenue will grow more slowly than the industry's this fiscal year, eroding its position as India's outsourcing bellwether. Infosys shares plunged 11 percent in Mumbai. Net income for the quarter ended March grew 15.2 percent in dollar terms from a year earlier to $463 million. Sales grew 10.5 percent, to $1.8 billion, in line with expectations. A survey of analysts by FactSet predicted quarterly sales of $1.8 billion and net income of $443.7 million.
NEWS
April 6, 2012 | Matt Viser, Globe Staff
WASHINGTON - President Obama and top Democrats are planning a key-state offensive aimed at Mitt Romney, accusing the former Massachusetts governor of promoting policies that send American jobs overseas. Democrats are highlighting decisions Romney made while he was chief executive of Bain Capital, as well as moves he made as governor of Massachusetts, in hopes of undermining his support by blue collar workers in states such as Ohio and Pennsylvania, where manufacturing jobs have moved overseas.
NEWS
February 19, 2012 | By Jennifer Fenn Lefferts
Facing mounting opposition from parents over plans to outsource its bus services, the Concord-Carlisle Regional School District has temporarily backed down and is now looking to keep the transportation in-house. Administration officials have rescinded the two bids it received for privatizing transportation starting this fall and are looking to lease a storage and maintenance facility for the next school year. But they also said outsourcing has not been ruled out for the future.