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While companies, small and big alike, spend a great deal of time and attention to get their employees trained, they do not always necessarily get the desired output out of their time, effort and expenses. This is especially true when companies try to “manage” the training needs in-house, without taking help or consultation from an external entity. While this may prove beneficial in a few rare cases, thanks to the immense cost and effort savings, it may not get the employees up to the desired level of proficiency and expertise.

OSLO; July 1, 2010 - Accenture (NYSE: ACN) has signed a five-year business process outsourcing (BPO) contract with Statoil, an international energy company with operations in 40 countries, to manage the company’s Accounts Payables processes. Financial details of the contract were not disclosed. The agreement is designed to improve the efficiency and effectiveness of Statoil’s Accounts Payable function by reengineering processes and increasing automation supported through Accenture’s Global Delivery Network using centers in Norway, the Czech Republic and India. The delivery of the outsourced services is scheduled to begin in September 2010. For more information, read: http://bpophilippines.com/article/detail.php?id=14

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Reuters - Nokia, the world's biggest cellphone maker by volume, will introduce new smartphone models next week at its annual media and industry event, aiming to assure investors the company is on track to recovery.

Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.

AP - Israel's hard-line foreign minister said Monday that his party will try to block any extension of Israel's settlement slowdown, a move that could derail the recently launched Mideast peace negotiations.

AFP - At least 19 people were killed and 45 wounded when a suicide bomber rammed his explosives-laden car into a police station in northwest Pakistan on Monday, destroying the building, police said.

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AP - Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion.