outsourcing

Bain Closes U.S. Plant, Makes Workers Train Chinese Replacements

In another example of how Mitt Romney's Bain Capital creates jobs, we learn that Bain has for months been dismantling and shipping to China a Freeport, Ill., car parts plant -- and requiring the soon to be laid-off U.S. workers to personally train their Chinese replacements.

Jobs 'Insourcing' Gets Another Boost from Starbucks

Last Friday, Starbucks announced it will build a new factory in Georgia -- and it's hardly the only big company moving manufacturing back to the U.S. Call it insourcing, reshoring or whatever you like, but bringing jobs home is starting to look like a trend.

Apple Manufacturer Foxconn Is Under Fire Again

Foxconn, the Chinese manufacturer that probably assembled your new iPad, is on the hot seat again this week, reviving discussions about evils of offshoring. But if you think money is the only reason why Apple doesn't make its gadgets closer to home, you're missing the bigger picture.

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.

Why IBM Is a Safe-Haven Stock

While the overall stock market has plunged, IBM has remained flat. What's its secret to stability? We take a look under the hood to figure out what makes it a safe-haven stock -- and what elements investors should look for as they seek out others.

Accenture Sees Room for Growth in Insurance

Shares of technology outsourcing and consulting giant Accenture have been on a tear lately, with the company bulking up its insurance offerings. Trefis thinks Accenture's acquisition of Duck Creek Technologies could give it a boost, but maintains its price estimate for now.

Made in America Leaders That Make a Real Difference

How many problems with the U.S. economy would be solved if more people bought American, and if more companies would were willing to help them do so by manufacturing here? Joel Joseph of the Made in the USA Foundation thinks it would help plenty, and he's honoring companies that have taken the lead.

Can the Tea Party Platform Reduce Unemployment?

The U.S. set the forces of globalization in motion, and now more than ever, it's clear we're suffering the consequences: high unemployment, stagnant or declining incomes, and rising costs for goods. Can the policies of the surging Tea Party provide solutions, or will they just make matters worse?

Another Way Banks Make Everyone Pay: The MERS Mess

The Mortgage Electronic Registration System was created by banks to save themselves a boatload in fees by keeping mortgage transfers off the books of local governments. Now, a New York judge says the whole system violates state law, and banks holding MERS mortgages there can't foreclose. So where will this chaotic mess go from here?

Why Wall Street Paychecks Dwarf Those of Most Americans

Why is that so -- when the average worker hasn't enjoyed even a small raise? That's because Wall Street enjoys at least four major advantages that other industries can only dream about, including an implied backstop against losses by the federal government.

Tech Sector Job Cuts Fell to Lowest Level Since 2000

Job cuts in technology fields came to just under 47,000 last year, the lowest total for the sector since 2000, according to employment-services firm Challenger, Gray & Christmas. Better still, during the next 10 years, the sector is forecast to experience one of the fastest paces of job creation of any industry.

Boeing's Dreamliner Delays: Outsourcing Goes Too Far

After Boeing announced yet another -- the seventh -- delay in the first delivery of the innovative 787 passenger jet, it's now clear that Boeing's decision to outsource both the design and manufacturing of the plane was more than it could manage.

2010's Person and Story of the Year, Plus a Bubble-Bursting Prediction for 2011

It's the season for reviewing the year that's ending and making predictions for the one ahead. On Tuesday, venture capitalist and DailyFinance columnist Peter Cohan was part of a TV panel that was asked: Who was the person of the year? What was the story of the year? And what will happen in 2011? Here are his answers.

Americans See China as World's Strongest Economy

Nearly half of Americans in a recent poll believe China has surpassed America as having the strongest economy in the world, and more than half blame outsourcing and the loss of manufacturing jobs for the shift.

Record Corporate Profits Are Coming Out of Workers' Hides

The Commerce Department reports that U.S. corporate profits have hit historic highs, so why isn't the GOP -- the party of business -- celebrating? After all, those profits are coming not from revenue growth -- which would benefit workers and executives -- but from cost cutting.

Why a Republican Congress Won't Ignite a Hiring Explosion

CNBC's Larry Kudlow blogged Tuesday that the a GOP win in November's elections would create an explosion of U.S. job creation. One of his guests that day on The Kudlow Report was DailyFinance's Peter Cohan, who breaks down precisely why that rhetoric doesn't match reality.

Is this the Era of an Economically Irrelevant America?

There are people around the world rubbing their hands with glee at America's supposed collapse, pundits who say this nation is so bankrupt that it has become irrelevant. But author, venture capitalist and DailyFinance columnist Peter Cohan says don't write America's obituary just yet.

Boeing 787 Delays: Prepare for the Next Missed Deadline

It has been just over three years since the media first saw the shell of the 787 Dreamliner, and since then, Boeing has missed deadline after deadline with plane. Now looks poised to miss another. But will this be the aircraft's last delay?

Logistics Provider LINC Hopes to Deliver a $115 million IPO

Outsourcing logistics to specialists is an ever-more popular, and cost efficient, move in corporate America -- and the sector is poised to grow further. One top firm in the field, LINC Logistics, is optimistic enough about the future that it has filed for a $115 million IPO.

Staples: Now an IT Provider for Small Businesses

The office-products retailer has launched Staples Technology Solutions, a unit that will handle tech products and services for business customers, ranging from computer equipment and printer maintenance to managing all the company's IT needs.

Lessons from the 787's Late Liftoff

If Boeing has any hope of avoiding another Dreamliner-class production fiasco in the future, it'll need to change its ways in some very important areas. Here are four suggestions worthy of serious consideration.