Update: Accenture walks away from $3.7B contract
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Accenture has walked away from two contracts to deliver regional IT systems and services to the U.K. National Health Service (NHS). An alliance led by Computer Sciences Corp. will take over the contracts, the companies announced Thursday. CSC already has a contract to deliver services in another region.
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NEW YORK, Oct. 21 -- AT&T Corp. reported a third-quarter loss of $7.12 billion Thursday because of huge charges resulting from the company's retreat from traditional telephone services, which included at least 7,500 more job cuts and a write-down in the value of the company's long-distance network.
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On 28 November 2004, Beijing&#39;s municipal government announced the cancellation of a $3.6 million contract, awarded without tender on 18 November, that would have allowed it to use Microsoft software for a period of 3 years.
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HBOS walked away from a possible bid for Abbey National yesterday, shortening the odds sharply on a Â£8.7 billion recommended offer from Spanish bank Santander Central Hispano being successful.
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Microsoft has been dropped from a $3.6m contract in China because the government broke strict procurement rules, designed to give national firms an edge in securing software deals.
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BusinessWeek Online - The announcement sent ripples of anxiety through the tech world. On Sept. 15, J.P. Morgan Chase &amp; Co.  said that it was terminating a seven-year, &#36;5 billion technology-outsourcing deal with IBM. For many, it's an article of faith that corporations will gradually hand off ever more of their technology operations to big service providers such as IBM, Accenture , and Electronic Data Systems . Yet here was the nation's second-largest bank taking its tech back because it was strategically too important to be left to an outsider. ...
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La decisione arrivata col supporto di Accenture
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The London Stock Exchange  reiterated on Tuesday its rejection of a 2.7 billion pound ($5.3 billion) bid from U.S. rival Nasdaq Stock Market Inc .
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Management leads a $4.7 billion buyout bid. Are other bids on the way?
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Fidelity Investments will pay $3.75 million in fines for supervisory failures, including allowing traders to accept gifts like Super Bowl tickets and chartered flights, NASD, the brokerage industryâs main regulator, said yesterday.
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The final price was $85, far off the target range of $108 to $135 a share that the company projected last month.
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Technology products retailer CDW agreed to a private equity buyout worth 7.3 billion dollars in the latest in a wave of takeovers.
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InfoWorld - BT Group has extended an existing human resources outsourcing deal with Accenture with a new 10-year contract valued at &#163;306 million (&#36;576 million), the companies announced Wednesday. The deal will begin in August and will cover BT's HR functions in 38 countries for all of its 97,000 employees and 180,000 BT pensioners. The previous five-year outsourcing contract only covered employees in the U.K. Accenture will provide services such as customer contact, recruitment, pension administration, payroll, and benefits administration. The business process outsourcing (BPO) contract with London-based BT also has a consulting, or what companies like IBM are increasingly calling "transformation," element to it. As part of its consulting role, Accenture will create a "transition program" with BT before the August roll-out of the contract.
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The company&#39;s initial offer of $7.7bn or $21 per share, was due to expire at midnight tonight but Peoplesoft will now have another two weeks, until 22 October, to make their decision.
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3Com said it has withdrawn a $2.2 billion offer for the network equipment maker from consideration by a security regulator, marking the potential demise of yet another private equity deal.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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French reinsurer Scor  grabbed hold of a third of its rival Converium , but the Swiss firm rejected a full takeover offer that valued its business at 3.1 billion Swiss francs ($2.51 billion).