OUTSOURCING

According to a latest report by Gartner, worldwide spending for IT outsourcing (ITO) services is on pace to reach $251.7 billion in 2012, a 2.1 percent increase from 2011 spending of $246.6 billion.

Three months after the game's initial launch, "Diablo 3" is now experiencing a new kind of online scam-artist, one that's learned to defraud other gold farmers and profit off of illegitimate virtual transactions.

The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.

Wipro Ltd, India's third largest IT services exporter, Tuesday reported a jump of 6.7 percent sequentially in its first quarter profits for the financial year 2012-13, aided by the strong demand for outsourcing services and the week Indian rupee.

Chances are second-quarter results from Xerox Corp., the No. 1 copier maker that’s moved increasingly into services, will be a disappointment, keeping in line with the general technology sector.

The Dark Knight Rises has yet to hit theaters, but conservative radio host Rush Limbaugh is already crying foul for a pretty crazy conspiracy theory. According to Limbaugh, he thinks that Warner Bros. and Dark Knight director Christopher Nolan chose to use Bane as a villain as an attack on presidential hopeful Mitt Romney.

Now even fellow Republicans are pressuring Mitt Romney to make public more tax returns. But the presidential candidate may already have decided that going public would be more damaging than keeping mum

China weighed in on Monday with a heavy dose of sarcasm regarding the recent controversy over U.S. Olympics team blazers, suggesting that perhaps members of congress should be banned from wearing anything or using any product that has been manufactured abroad.

For months, the Republican Party's base has referred to President Barack Obama as the apologizer-in-chief. Now, the tables have turned as Mitt Romney's campaign has asked for an apology after Obama attacked the GOP candidate's account of his time at the private-equity firm Bain Capital.

SEC filings name Romney as chief executive and chairman of Bain in 2002, three years after he says he resigned to run the Winter Olympics.

Infosys Technologies Ltd, India's second largest software services firm, Thursday reported 33 percent rise in net profit for the first fiscal quarter ending June 31, 2012, supported by the appreciation and depreciation of the rupee, and met analysts' expectations.

Standard & Poor's Ratings Services has raised the credit rating of the Philippines, citing that the country's fiscal flexibility is gradually increasing and the debt profile is improving.

Expectations for U.S. company earnings are on a slippery slope down Wall Street as the euro-zone crisis deepens and economic data around the world disappoints. With one week left in the second quarter, it is a good time to measure revisions in earnings estimates for companies in the S&P 500.

Production of the highly anticipated MacBook Pro update seems to be in full swing, after a new report claims that Apple's Foxconn factory is outsourcing to keep up with demand for the revamped laptop.

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.

International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, opened a new services delivery center in Costa Rica, spearheading a $300 million investment there.

Cognizant Technology Solutions Corp has lowered its full-year forecast due to a slowdown in demand for IT outsourcing.

And we're off! Like the starting gunshot during Saturday night's Kentucky derby, the Obama campaign has signaled that the general election has begun.

President Barack Obama's campaign attacks GOP rival Mitt Romney for having a Swiss bank account and shipping jobs overseas in a new ad to play in the swing states of Ohio, Iowa and Virginia.

Wipro, India's third largest information technology services provider, reported 7.7 percent rise in profit in the quarter ending March 31, but forecast slower growth in the next quarter with the global economy continuing to be weak.

Infosys, one of India's leading software services exporters, is facing a US Department of Homeland Security (DHS) probe following an accusation that the company misused B1 visas.