Wipro eyes firms with new biz models for buyouts

Wipro is scouting for acquisitions of technology cos which have new biz models and is evaluating a few candidates for large buyouts, a key official said.

US Postal Service seeks 30,000 job cuts via buyouts

The US Postal Service, the nation`s second-largest employer, offered buyouts on Tuesday to quickly slash up to 30,000 jobs as it grapples with declining mail volume and embraces more automation.