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 ...

TEXT - Satyam chairman Ramalinga Raju's letter - Reuters India

BANGALORE (Reuters) - The chairman of Satyam Computer Services resigned on Wednesday, saying profits had been inflated over the last several years. Following is the text of his letter, which was released by the Bombay Stock Exchange. Note: references ...

Accounting scandal at Satyam could be India's Enron - Reuters Canada

BANGALORE (Reuters) - The head of Indian outsourcing company Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years and sending its shares plunging nearly 80 percent. India's biggest corporate ...

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 ...

Outsourcing shifts beyond Bangalore, Mumbai - CNET News

India's traditional outsourcing centers appear to be falling out of favor. According to Pierre Audoin Consultants, outsourcing companies are increasingly looking outside Bangalore and Mumbai when choosing bases in which to set up shop. PAC found that ...