Thursday, May 6, 2010

State Street eyes work-force shift abroad

  More jobs going overseas.........Who can blame the companies for leaving when this administration and politics put more controls and taxes on the companies.  We are in our 4th and last generation, no more industry to service.

A decade ago, only 12 percent of State Street’s work force was outside of the United States. But over the next five years, the company wants to double its non-U.S. revenue. Recent acquisitions, including Intesa Sanpaolo’s securities services business, strengthen State Street’s foothold in Europe. That deal is expected to close this quarter.

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