LONDON (AP) — U.S. and European stock markets fell sharply Wednesday amid fresh worries about the U.S. labor market following a grim jobs survey and the announcement aluminum producer Alcoa will slash jobs. The FTSE 100 index of leading British ...

Ramalinga Raju admits fraud, quits Satyam board - Business Standard

The startling revelation prompted a collapse in the stock of India’s fourth-largest software services company. Satyam, which means “truth” in Sanskrit, plunged a record 78% on the Bombay Stock Exchange, dragging down the Sensitive Index in a ...

NYSE to delist some of Tribune's public debt - BusinessWeek

The New York Stock Exchange notified the Securities and Exchange Commission that it will delist some of Tribune Co.'s publicly traded debt following the newspaper publisher's Chapter 11 bankruptcy filing, according to an SEC document released Tuesday ...

IT firms bullish on pharma outsourcing - Daily News and Analysis

At a time when information technology (IT) companies have frozen recruitments, Hari Singh hadn’t imagined he would get a job offer from a software firm. The Bachelor of Ayurvedic Medicine and Surgery (BAMS) graduate will soon be joining the Mumbai ...

India outsourcing giant hit by billion-dollar fraud scandal - PhysOrg

Company founder and chairman B. Ramalinga Raju admitted the Hyderabad-based software services firm had falsified accounts and assets and inflated its profits over several years. The company overstated its cash and bank balances to the tune of more ...