Despite the attention focused on the outsourcing of information technology jobs, most U.S. companies don't send their I.T. work overseas, a new survey has found. Ninety-four percent of the chief information officers surveyed by Robert Half Technology, a California high-tech staffing company, said they don't offshore such jobs. And of the companies that once sent IT jobs overseas, nearly 60 percent said management challenges prompted them to bring the jobs back. The top two reasons: outsourced operations need too much oversight; cost savings "were not realized."
Cheaper Xbox to sell in Japan
Microsoft Corp. will start selling a cheaper model of the Xbox 360 video game machine in Japan to woo gamers there, the U.S. softwaremaker said Monday.The entry-level offering goes on sale March 6 for about $260 - about a fifth less than the least expensive Xbox 360 now costs in Japan. The stripped-down version went on sale in the U.S. last year for $279.99.
Ads just have too much skin
Police confiscated two display photos of scantily clad men and a woman from an Abercrombie & Fitch store and cited the manager on a misdemeanor obscenity charge, authorities said. Abercrombie management did not heed warnings to remove the images from the Lynnhaven Mall store after customers complained, police spokesman Adam Bernstein said. One photograph showed three shirtless young men, with one man's upper buttocks showing. The other image was of a woman whose breast was mostly exposed.
Industry Standard making comeback
An icon of the dot-com era is returning, sort of. The Industry Standard launched Monday in a new online-only format, with news and analysis on the Internet economy and a social networking twist. The resurrection comes 10 years after the weekly's initial print launch. The magazine folded in the wake of massive layoffs in the dot-com sector.
You're going to pay for that extra bag
United Airlines will begin charging passengers $25 to check in a second piece of luggage for domestic travel if they are not part of its most-frequent-flier programs, the airline said Monday. The charge will generate more than $100-million in revenue and cost savings each year, UAL Corp. said. The change takes effect May 5. Travelers would have to log at least 25,000 miles a year on United to get a second bag for free.
"Just like a rat, investors will have to be nimble. It's going to be a highly competitive year."
Tony Tan, a Singapore-based astrologer, commenting on the possibilities ahead in the new year, the Year of the Rat on the Chinese calendar, which starts this week.