Johnson & Johnson said it would eliminate as many as 8,200 jobs, or 7% of its work force, to help the company cope with what it expects will be a slow economic recovery amid damped demand for drugs, medical devices and consumer products. J&J said the planned restructuring will eliminate 7,000 to 8,000 jobs and [...]
Posts Tagged ‘Aquisition’
21 Oct
Sun MicroSystems to layoffs 3,000 more jobs this fiscal
Sun Microsystems Inc is planning to cut 3,000 jobs worldwide, or about 10 percent of its staff, blaming delays in its $7 billion sale to Oracle Corp . According to Oracle CEO Larry Ellison, Sun is losing about $100 million a month because of uncertainty about the computer maker’s future as European antitrust regulators pursue [...]
15 Oct
UBS sells its Indian captive unit in Hyderabaad to Cognizant Technology Solutions (CTS)
UBS handed over its only IT captive unit in Hyderabaad, India to Cognizant Technology Solutions (CTS) and transferred 2000 plus employees as part of the deal. IT services provider Cognizant Technology Solutions Corp agreed to acquire UBS India Service Centre Private Ltd for about $75 million to strengthen its position in financial services, one of its [...]
30 Sep
MindTree buys Kyocera Wireless India
MindTree Ltd said on Tuesday it agreed to buy Bangalore-based Kyocera Wireless India Pvt Ltd and make an upfront payment of $6 million, while further payments will be linked to revenue in FY11 and FY12. The IT firm expects the acquisition to contribute about $9 million in revenues for the period Oct 2009 to March [...]
30 Sep
Dell Inc buys Perot Systems Corp
Dell Inc said Monday it has agreed to buy the information technology services company Perot Systems Corp for about $3.9 billion as it looks to expand beyond the personal computer business. Round Rock, Texas-based Dell said it will offer $30 per share in cash for Perot, which is based in Plano, Texas. This represents a [...]
10 Sep
HP considering selling or shutting parts of its outsourcing business.
Hewlett-Packard Co is conducting a strategic review of the information technology and business process outsourcing assets that came with its 2008 acquisition of EDS, a senior executive said. Sources told Reuters last month that HP was considering selling or shutting parts of its outsourcing business to focus on the higher-margin areas of its technology services [...]
12 Aug
HP owned MphasiS buys IT services unit of AIG.
HP owned MphasiS Ltd (owned by EDS earlier) said on Wednesday it had reached an agreement to acquire the India-based IT services and solutions arm of American International Group Inc. Financial details of the deal were not disclosed. AIG Systems Solutions Private Ltd, which provides IT services to AIG companies worldwide, has more than [...]
23 Jul
Amazon.com shops another e-shopper in the market. Cornered Shoe seller Zappos.
Amazon.com will pay about $928 million for booming online shoe retailer Zappos.com, expanding aggressively into the apparel arena with a well-known name after trying unsuccessfully to go it alone. Amazon said on Wednesday it struck a deal to buy Zappos, for 927.9 million — mostly in stock — growing its footprint in shoes and apparel. [...]
23 Jul
Yahoo buys Xoopit, a photo organization technology company.
Yahoo Inc said on Wednesday it has bought Xoopit, a privately-held company that provides technology to organize photograph collections in Yahoo’s e-mail system. Xoopit’s technology helps in the sending and sharing of photos through e-mail and enables users organize their inboxes as photo indexes, Bryan Lamkin, Yahoo’s senior vice president for applications, wrote on its [...]
18 Jul
HCL AXON Division of HCL Tech Buys South Africa's UCS Group's SAP Operations.
HCL Technologies Ltd. said Friday its HCL AXON division has bought the SAP operations of South Africa’s UCS Group Ltd. for an initial payment $7.7 million in cash. The deal also includes payments to UCS Group over the next two years based on the acquired operations’ performance, HCL Technologies said in a statement. The total [...]
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