Cagemini to buy Kanbay,EDS bought Mphasis and IBM ??

Kanbay, one of the few pure play companies in the IT services space created by a group of Indian and US entrepreneurs, has finally bitten the bullet. It has decided to become a part of global services company Capgemini. Driven by a favourable response from some of the key stakeholders of Kanbay, Capgemini on Thursday made an offer to buy out all shareholders of the Nasdaq-listed, $400-m company for $1.25bn.

Guess which Tier  2 company is IBM gonna buy out??

more
Press Release

Goldman Sach names 115 PMD's

Goldman Sachs doled
out one of its highest honors on Wednesday, naming 115 employees as
partner managing directors, or P.M.D.'s. The status, awarded to a
select group every two years, comes with a broad array of perks,
including the right to share a larger portion of the investment bank's
profits

Courtesy : NYTimes

Wow isnt this a company to work for ?? i like companies wuch companies which treat employees as partners rather than employees. He He, as if anyone hates that.

Ford posted a quarterly loss of $5.8 billion -- its largest loss in 14 years

"Ford Motor Co. on Monday posted a quarterly loss of $5.8 billion -- its largest loss in 14 years -- as slower truck sales, charges for job cuts and asset write-downs in its troubled North American operations and elsewhere took their toll on the No. 2 U.S. automaker.

Ford said it would restate results from 2001 through the second quarter and cautioned that operating results would weaken further in the current quarter.

Ford also said it was considering raising new funding secured by its automotive assets in order to protect its cash position as it pays the bill to close 16 plants and cut up to 45,000 jobs.

"These business results are clearly unacceptable," said Chief Executive Alan Mulally, who took over at Ford in early September.

Ford posted a net loss of $3.08 per share for the third quarter compared with a loss of $284 million, or 15 cents per share, a year earlier. That included a battery of charges that totaled $4.6 billion after taxes, or $2.46 per share."

All this from Ford when Toyota and Honda excel, signifies a weaker business model. It would take a total shift in strategy for Ford to ever be the Ford again!

more >> http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2006-10-23T175013Z_01_N23335936_RTRUKOC_0_US-AUTOS-FORD-EARNS.xml&src=rss