India's Infosys pays $350 mn for Swiss consultancy

Indian IT outsourcing giant Infosys said Monday it had agreed to buy Zurich-based consulting firm Lodestone for $350 million as part of its strategy to move into higher value services.

Global competition: Combating emerging market multinationals

(Phys.org) -- Fast-growing companies in emerging markets pose a serious threat to established global firms in North America, Europe and Japan, but big corporations in the West have many advantages to help thwart the new competition, ...

Trade protectionism stifling IT sector: study

Big emerging markets led by China are increasing protectionist measures in the tech sector, hurting one of the most dynamic parts of the global economy, a US industry study said Wednesday.

Sony turnaround plan 'ordinary': analysts

Sony has little chance of winning back its reputation as an innovator or vaulting ahead of stronger rivals with the "ordinary" turnaround plan its new chief unveiled last week, analysts said.

Sony to cut 10,000 jobs, turn around TV business

(AP) -- Faced with mounting losses, Sony Corp. said Thursday it will slash 10,000 jobs, or about 6 percent of its global workforce, and try to turn around its money-losing TV business over the next two years.

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