OUTSOURCING

Wall Street is enjoying record profits, while Main Street continues to struggle. The reason why is clear, since Wall Street and Main Street have different interests.

Online media is rife with rumors of Twitter launching its own photosharing service with Techcrunch reporting first and AllThingsD posting a confirmation on its website. Even though Twitter refused to comment on the issue, rumors are pointing in the right direction, particularly when examined under the light of the business decisions Twitter has been announcing recently.

What image do you have in mind when you think of a business building? Are you tired of desolate scenes of people working before computers in a concrete jungle? Pasona, an internationally renown personnel outsourcing firm for its Urban Farm, the eco-office, breaks the typical perception about business offices.

Infosys Technologies, India’s second largest outsourcer, continued its expansion in China by setting up a new campus at the Zizhu Science and Technology Park in Shanghai and planned investment up to $150 million, reports said

Hewlett-Packard (HPQ) was slammed by the market on Tuesday after posting inline results, but a reduction in its full-year outlook.

With Mark Zuckerburg admitting that he was kind of nervous in his opening remarks while hosting Barack Obama at the Facebook headquarters, the young entrepreneur and the president sought comfort in a trivial yet hilarious chat about clothes.

NASA is working to ensure the next generation of space craft is American-made.

NASA has awarded projects worth millions to four commercial space transportation companies as part of its Commercial Crew Development (CCDev2) program.

Genpact Ltd (NYSE: G), the outsourcing company spun off from General Electric Co., has agreed to acquire privately-held IT services provider Headstrong Corp. for $550 million in cash to expand its operations in the United States.

Apple may face supply chain disruptions for its newly launched iPad 2 as a 9 magnitude earthquake in Japan impacted several component makers for the tablet, according to a report from IHS.

Xyratex Ltd.'s (NASDAQ: XRTX) hard disk drive-related business segment Storage Infrastructure is currently under pressure from continued, weak demand and excess supply for 2.5-inch (i.e. notebook) drives, according to RBC Capital Markets.

Robert W. Baird downgraded its rating on shares of MedAssets, Inc. (NASDAQ: MDAS) to neutral from outperform and lowered its price target to $18 from $24, on disappointing fourth quarter results and on annoying 2011, long-term outlooks. MedAssets stock plunged 22.61 percent.

Indian technology companies are now looking to hire fresh engineering graduates from American universities, as stringent immigration norms and high unemployment in the US make local hiring attractive, said a media report.

Outsourcing by U.S. technology companies is on the decline, according to a survey by BDO USA, the accounting and consulting organization.

Nokia is dropping its home-grown platforms and putting Windows Phone 7 on its devices, dropping the Symbian and MeeGo platforms.

Nokia CEO Stephen Elop trashes Symbian and says company is far behind Apple and Android.

Payroll gains are the golden indicator for the US economy at this time because it reveals conditions in crucial areas and is the catalyst for the next step of the recovery process.

A massive R&D budget and the addition of Windows phones may not help Nokia's standing in the smartphone market.

National Association of Software & Services Companies (Nasscom), the apex body of India’s information technology and business process outsourcing sectors (IT-BPO), on Wednesday said India’s share in the global outsourcing market rose to 55 percent in 2010 from 51 percent in 2009.

Business news and financial data provider Thomson Reuters is strengthening its legal process outsourcing (LPO) unit, Pangea3, by hiring full-time, temporary, and experienced contract attorneys for its new facility in Michigan.

The BSE Sensex fell 1.7 percent on Tuesday to its lowest close since August, extending January's worst monthly slide in more than two years, as inflation worries and hardening interest rates continued to spook investors.