Indian IT Firms Fear Provisions in New U.S. Immigration Law
As Congress weighs new immigration legislation, India's outsourcing companies' long-held fears of a backlash are being realized in its crucial U.S. market.
India
5 Foreign Stocks You Can Snap Up at Bargain-Basement Prices
when a country's stock market gets crushed due to wider economic concerns, some promising often stocks get unfairly punished. Here are five foreign companies whose shares are trading now at attractive prices, along with explanations for why they're such bargains.
The Weirdest Things Your Taxes Pay For
Sen. Tom Coburn has released his Wastebook 2012, a look at over $18 billion in projects that are bizarre and hard to justify. Admittedly, that's just a drop in the federal budget. But ... Thoreau-based video games? Robot squirrels?! Take a peek at our gallery of weird government expenditures.
Walmart's Bribery Probe Widens to China, Brazil and India
Walmart announced Thursday that an internal investigation into bribery accusations involving its subsidiary in Mexico has broadened to include operations in Brazil, China and India. The disclosure came in a SEC filing tied to third-quarter financial results, which were downbeat.
India's Largest Travel Website is Losing Altitude Fast
There was plenty of buzz behind MakeMyTrip when India's largest travel website went public two years ago. The stock soared far beyond what the company's outlook could have justified. Now, the laws of finance and physics have kicked back in, and the stock price is crashing back down to Earth.
Money Scams: How to Spot a Fake Debt Collector
Getting a call from a debt collection agency is bad enough. Getting a call from a phony debt collector trying to scam you out of money you don't owe can be even worse. The scammers are out there: Here's what you need to know to avoid becoming a victim.
Will Kellogg Snap, Crackle and Pop in China, or Just Get Soggy?
Since 1927, Rice Krispies have been an American breakfast staple. Who doesn't like to hear that trademark snap, crackle and pop as the milk hits the cereal? Well, Kellogg is about to find out whether or not the Chinese do.
U.S. Trade Deficit Fell 12.1% in Second Quarter as Exports Rose
The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent to $117.4 billion in the second quarter.
The Latest Big Brand to Plant Roots in India Is...
Amazon.com is bringing its Kindle store to India, underscoring the fact that the world's largest democracy is increasingly the place to be for businesses.
Psst! Buddy! Want to Buy an Airplane ... Cheap?
Boeing has been announcing a significant number of multibillion dollar deals lately. But the aircraft maker's excellent news comes with a caveat: All of its customers have been scoring hefty discounts to the planes' sticker prices. What gives? Read on ...
Look Who's Buying America Now!
While Americans are still reeling from the housing bust, people from around the globe are scooping up cheap American homes. Over the 12 months that ended in March, nearly 9% of all real estate spending in the U.S. was done by buyers from abroad. Is it "Rising Sun" all over again?
How Offshoring Customer Service Puts Your Financial Data at Risk
Would you trust a stranger to keep your financial secrets? That's exactly what customers do every time they call a bank and talk with a customer service rep. But how much oversight can a bank really have when those reps are in another country?
How This Fast Food Chain Is Eating McDonald's Lunch in Asia
The most popular Western-style, fast-food company in China right now is Yum! Brands, which operates Taco Bell, Pizza Hut and KFC. In fact, Yum!'s operations in China dwarf McDonald's -- and looks like it'll repeat the feat in India too.
U.S. Stock Futures Push Higher on Improving Jobs Numbers
U.S. stock futures are higher with the government reporting that weekly jobless claims edged downward last week, suggesting that employers may accelerate hiring this month.
Is Corporate America Too Focused on Profit Margins?
I recently penned a column pointing out that when America "lost" the TV manufacturing industry to Japan, it wasn't necessarily a bad thing, because the business has become a low-margin money loser. A lot of readers disagreed.