Critics of privatization say failed Indiana-IBM deal should be warning to other statesINDIANAPOLIS — Indiana said it was going to get outsourcing right when it turned welfare eligibility services over to a private contractor in 2007. Now critics say the failed move is the latest warning that states should not allow for-profit companies to run social services. Johnson & Johnson, Xerox, Abbott Labs, Applied Materials are among big market movers MondayNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange: Xerox joins race to boost tech offerings with $6 billion deal for Affiliated Computer ServicesNEW YORK — Xerox Corp. said Monday it will buy Affiliated Computer Services Inc. for about $6.4 billion in cash and stock, joining the expensive race among technology companies to broaden their offerings. Some counties profit by incarcerating immigrants for US government; others just break evenSAN ANTONIO —As federal officials begin an overhaul of the widely criticized system used to incarcerate immigrants awaiting hearings and deportation, their challenge includes a deep inconsistency in the amount paid to a hastily assembled network of private prisons and local jails that hold thousands of such detainees. Fidelity National raises full-year outlook after 2nd-quarter profit shrinksJACKSONVILLE, Fla. — Fidelity National Information Services Inc. said Tuesday its second-quarter profit fell nearly 18 percent on lower revenue, but the provider of processing services for financial institutions raised its full-year profit forecast. |
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