Convergys Corp. (CVG) announced that Textron Inc. (TXT) has renewed its human resources management contract with Convergys. The five-year agreement extends through 2014. Convergys will continue to provide HR and payroll administration services, including data entry, for nearly 37,000 Textron employees in the US, Canada, Latin America, Asia, and Europe. In addition, Convergys will take over management of Textron's tuition reimbursement process.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.