UPS to take control of Sinotrans for $100m
13676
United Parcel Service, the US delivery company, is to take direct control of its core international express operations in China, paying US$100m to buy out its local partner, Hong Kong-listed Sinotrans.
266122
China Eastern Airlines has announced an agreement to buy six 737-700 jetliners from US manufacturer Boeing for a total of $US241 million.
457167
The deal is valued at about $100 million, but the handset maker will be billed based on actual service consumption.
451817
(InfoWorld) - Chinese cities are expected to unseat Bangalore, Mumbai, and Delhi in India, and Manila of the Philippines, as favored offshore delivery centers by 2011, according to IDC. The market researcher has introduced a new Global Delivery Index (GDI), which compares 35 cities in the Asia-Pacific as potential offshore delivery centers, based on criteria such as cost of labor, cost of rent, language skills, government policies, infrastructure, and staff turnover rates. Bangalore currently tops the list, followed by Manila, Delhi, and Mumbai. The Chinese cities that figure in the 2007 list include Dalian, Shanghai, and Beijing, at numbers five, six, and seven. Indian cities have inherent challenges such asÂ cost of staff and pressure on infrastructure, said Conrad Chang, a research manager at IDCâs Asia Pacific operations, in a telephone interview on Thursday. While India has focused on the U.S. and European markets, China has large opportunities in the Japanese and Korean markets, Chang added. Chinese cities will overtake Indian cities by 2011 because of massive investments made in infrastructure, English language, Internet connections, and technical skills, which are favorable towards offshoring, IDC said Tuesday. Forrester Research,Â however, takes a less optimistic view about China as an offshore destination. Nearly two years ago, the country was widely viewed as a key challenger to India as an offshore services delivery location, however Forresterâs research shows that the market has not taken off as expected, the research firm said in a recent report. China primarily attracts business from Korean and Japanese companies, but most of them have preferred to set up their own operations in China rather than outsource, because there are not many large service providers in China, said Siddharth Pai, a partner at outsourcing consultancy firm Technology Partners InternationalÂ (TPI) in Houston, on Thursday. Many U.S. and European companies, that set up offshore services operations in India, may also have an operation in China, Pai said. â But the Indian operation will typically be the larger,â he added. China has still not overcome customersâ concerns about English language skills, intellectual property (IP) protection, and attrition in the country, Forrester said. In contrast, India has a sophisticated and time-tested legal environment built around Western common law, Pai said. Even if China invests heavily in education, the population cannot get in four to five years as fluent in English as Indians, he said. â Indians have been speaking English for over a hundred years,â he added. Indiaâs demographics also favor its continuation as a key offshore services location. On account of Chinaâs one-child-per-family policy, the countryâs population is aging. The country has about half as many people under 30 than India, Pai said. The IT industry primarily employs younger staff, he added. The IDC GDI rates the potential of cities as offshore destinations, said Chang. The actual business decision by companies to offshore to these cities will depend on a host of other factors, he added. The GDI is a moving index, reviewed every six months. âThis is not about India versus China,â Chang said. IDC expects both countriesâ offshore business to grow, he added.
104793
Struggling after two years of losses, China Eastern agreed Sunday to sell a 24 percent stake to Singapore Airlines and Temasek Holdings, the Singapore government's investment arm, company officials said.
650980
US delivery firm UPS unveils a multi-billion dollar order to buy 27 freight aircraft from aerospace giant Boeing.
382988
United Parcel Service Inc. UPS.N,  the world's largest package delivery company, said on Tuesday  it plans to hire nearly 70,000 temporary workers to help handle  an estimated 340 million packages from Thanksgiving to  Christmas, exceeding year-ago forecasts.
46967
UPS likes to do things big way. Last year, the company garnered a place in the InfoWorld 100 with a wireless project that will ultimately replace 55,000 scanning devices. This year, the company takes the coveted top slot, thanks to a nine-year, $600 million package flow initiative that as of October 2004 has successfully transformed 250 of the companyâs 1,500 package centers.
190776
Big Blue will spend $100 million over the next five years to make the high-end server line easier to administer and program.
342952
United Parcel Service Inc., the world&#39;s largest package-delivery company, will buy CNF Inc.&#39;s Menlo Worldwide Forwarding business for $150 million, the companies said Tuesday.
268067
Cathay Pacific Airways (0293.HK),  Hong Kong's flagship airline, will support any possible bid  made by Air China group for China Eastern (0670.HK), chief  executive Tony Tyler said on Wednesday.
357028
VeriSign is undertaking a $100 million expansion of a crucial part of the system that speeds Web users to their destinations.
600874
Chinese company has signed a five-year deal for customer services and support.
208815
Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
594679
The People&#39;s Bank of China issued a management regulation on outbound personal property and selling foreign currency. The new regulation will officially be implemented from December1.
469185
Beijing Media Corp., which handles advertising for China&#39;s second-largest newspaper company, said Friday it expects to raise up to US$100 million (euro75 million) in its planned listing in Hong Kong on Dec. 22.
444886
SHANGHAI, China - US express mail operator United Parcel Services Inc. will take direct control of a large share of its joint venture operations in China next year, the company said Thursday.