Philippine President Benigno Aquino III arrived in New York to attend the UN summit just last week. On the side, his delegation actually was talking to JP Morgan Chase.
RESULT: JPMorgan Chase’s telephone banking operations, from Troy, Mich. and CKE are moving their technology assistance desk to the Philippines.
HP is laying off an undisclosed number of human resources employees in California and nine other states, transferring their functions to Panama.
I also heard that Price WaterHouse Coopers, the giant accounting from is laying off 125 people and moving their work to Uruguay.
I look at it as they are being driven out of the county by anti-business ‘crats.