Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

CONVERGYS BUYS 2 SINGAPORE COMPANIES

Convergys Corp. said Monday it bought two companies in Singapore to expand its global payroll and benefits outsourcing business.

Convergys, which is based in Cincinnati and operates a Jacksonville call center with 2,000 employees, acquired Out-Smart and i-Benefits for an undisclosed amount, according to a Convergys news release.

Out-Smart and i-Benefits have more than 100 clients covering all industry segments throughout the Asia-Pacific region with offices in Singapore, Malaysia, and Hong Kong, the release said.

ARMOR HOLDINGS APPOINTS HASS TO BOARD

Armor Holdings Inc. said Monday that David Haas has been appointed to its board of directors. The Jacksonville-based company also said Haas will serve as chairman of its audit committee.

Haas, a private investor and financial consultant, was previously senior vice president and controller of Time Warner Inc.

BOEING TAKES FIRST ORDER FOR 7E7 AIRLINER

SEATTLE -- Boeing Co. officially launched its new 7E7 Dreamliner passenger jet with a massive 50-plane order from All Nippon Airways -- Boeing's biggest initial order ever for a new model, The Associated Press reported.

The deal would be worth $6 billion at the list price of $120 million a plane, but major airline customers typically negotiate steep discounts. Neither Boeing nor ANA released a price for the order.

Good news has been scarce for Boeing's Seattle-based commercial airplanes division, which has endured a drought of new airplane orders and had to shelve two earlier commercial jet programs for lack of customer interest.

UNITEDHEALTH TO BUY OXFORD HEALTH PLANS

HARTFORD, Conn. -- UnitedHealth Group will acquire Oxford Health Plans Inc. in a stock and cash transaction worth approximately $4.9 billion, UnitedHealth said Monday, according to The Associated Press. …

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