Apple supplier Wistron is in talks to sell its only manufacturing facility in India to Tata Group, one of India’s largest conglomerates, for up to 50 billion rupees ($613 million), local business newspaper The Economic Times reported. Taiwan-based Wistron currently manufactures iPhones at the facility in the state of Karnataka in southern India. In September, Bloomberg reported that Tata was...
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Where Did All the Traders Go? Investment Funds Lean on Outsourcing to Cut Costs

More and more investment funds are outsourcing their trading, a move that cuts costs and aims to boost returns but also poses risks for the funds’ portfolios and underlying investors. Once a niche Wall Street business that catered to young hedge funds, outsourced trading has now attracted mutual funds, pension funds and other asset managers, including some of the biggest firms on Wall...
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