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Dial 1-800-Philippines for call centers
Often ignored as an economic laggard, the Philippines has beaten India to win the top spot for offshore call center outsourcing. That's amid fresh grumbles in the U.S. over sending jobs abroad. Video
Sweden says private buyer only option for Saab
STOCKHOLM |
STOCKHOLM Nov 24 (Reuters) - Sweden effectively ruled out state aid for GM's [GM.UL] loss-making Saab unit on Tuesday after tiny luxury car firm Koenigsegg pulled out of a bid for one of the Nordic country's best-known automobile brands.
"You can't, by state aid, keep a company ongoing, if you don't have any chance for a competitive company," Joran Hagglund, state secretary at Sweden's Industry Ministry, told reporters.
"That can only be assured by a private owner who really is familiar with the market conditions."
Earlier on Tuesday, Koenigsegg pulled out of its planned purchase of Saab, which has estimated it would lose around 6 billion Swedish crowns ($865 million) in the 2008-2009 period. ($1=6.934 Swedish Crown) (Reporting by Nick Vinocur; Editing by Jon Loades-Carter) ((simon.c.johnson@reuters.com; Reuters Messaging: simon.c.johnson.reuters.com@reuters.net; tel: +46 8 700 1045))
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