Nokia to lay off 170 workers worldwide
(AP) -- Nokia Corp. said Tuesday it will lay off 170 workers worldwide to further cut costs as the global downturn continues to weaken demand in the mobile phone industry.
View ArticlePC maker Lenovo reports loss amid weak demand
(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.
View ArticleCarbon emissions fall with global downturn: report
Greenhouse gas emissions have fallen thanks to the global downturn, handing the world a chance to move away from high-carbon growth, a report said Monday, citing an International Energy Agency study.
View ArticleGlobal crisis hitting IT spending: Microsoft chief
Companies worldwide are slashing spending on information technology because of the global downturn and will have to learn to do more with less, Microsoft chief executive Steve Ballmer said Monday.
View ArticleRecession may be over, but recovery will be gradual
(PhysOrg.com) -- With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say...
View ArticleGiants of Japanese media eye digital salvation
With huge circulations, loyal readers and a tireless reporting culture that runs around the clock, Japan's newspapers have defied many of the woes that have beset their western print peers.
View ArticleTV sales jumped in 2010 but buyers waited on 3-D
(AP) -- People are buying a lot of televisions but mostly passing on 3-D, according to a report released this week.
View ArticleIndia's HCL profit soars 50 pct but shares dive
India's fourth-biggest software services firm HCL said Tuesday quarterly net profit leapt 50 percent but its shares slid on fears about the global downturn crimping the sector's future growth.
View ArticleJapanese chipmaker Elpida files for bankruptcy
(AP) -- Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand...
View ArticleTaiwan seeks merger with restructured Elpida
(AP) -- Taiwan's government said Wednesday it would continue to push for the consolidation of the island's memory chip makers with Elpida Memory Inc., two days after the Japanese chipmaker filed for...
View ArticleAudit slams S.Korea's $20 bln river project
South Korea's state auditor on Friday panned President Lee Myung-Bak's $20 billion effort to dredge, dam and beautify four major rivers, saying it was riddled with costly flaws.
View ArticleIndia's startups lacking guardian 'angels'
It is seen as a land of entrepreneurs, economic growth and huge business potential, but India appears to be failing its promising startup companies which are struggling to find investors.
View ArticleInfosys shares surge on stronger revenue forecast
Leading Indian IT outsourcer Infosys posted higher quarterly profit and raised its revenue projection for the year on Friday after gaining more than 50 international clients.
View ArticleNintendo's annual profit rises 8.5 percent
(AP) -- Nintendo Co. reported an 8.5 percent rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers.
View ArticleReport: Worst may be over for US tech market
(AP) -- As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday.
View ArticleIndia's Infosys Q1 profit up 17.2 pct, beats forecasts
India's second-biggest software exporter Infosys announced Friday a better-than-expected 17.2 percent rise in first-quarter net profit, but said global conditions remained challenging.
View ArticleJapan's Hitachi posts first-quarter loss
Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.
View ArticleTime Warner Cable to Comcast: Integration not easy
(AP) -- The chief executive of Time Warner Cable Inc. offers this warning to Comcast Corp. on its purchase of a controlling stake in NBC Universal: Mixing content and distribution is harder to...
View ArticleJapan's Panasonic wins control of ailing Sanyo
Panasonic Corp. announced Thursday it had secured a controlling stake in smaller rival Sanyo Electric Co. in a 4.6-billion-dollar takeover that revamps Japan's troubled electronics industry.
View ArticleAsia's IT parts makers struggle with demand boom
Wrong-footed by rocketing consumer demand, Asian technology suppliers are scrambling to expand capacity before inventories run dry of everything from semiconductors to flat-panel screens.
View ArticleRecession did not cut back pollution: US agency
The worst global recession in 80 years did little to reduce the emission of greenhouse gases into the atmosphere, and China made a major polluting leap, US figures showed on Monday.
View ArticleFewer Americans worry about climate change: poll
The number of Americans who are worried about global warming has fallen to nearly the historic low reached in 1998, a poll released Monday showed.
View ArticleNumber of Mexican immigrants returning home dropped during latest recession,...
Fewer Mexican immigrants returned home from the United States during 2008 and 2009 than in the two years prior to the start of the recession, a finding that contradicts the notion that the economic...
View ArticleReport shows data centers not using as much power as projected
A new report commissioned by the New York Times, shows that electricity consumption used by data centers in the United States and around the world grew at a much slower pace then was predicted by a...
View ArticleEuropean carbon market suffers in annus horribilis
Europe's market in carbon emissions is hoping for outside help after a year in which prices slumped to record lows, savaging claims that trading in CO2 brakes the rise of dangerous greenhouse gases.
View ArticleChairman says Samsung to focus on new products
South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.
View ArticleCut emissions further or face risks of high air pollution, study shows
Most of the world's population will be subject to degraded air quality in 2050 if man-made emissions continue as usual. In this 'business-as-usual' scenario, the average world citizen 40 years from now...
View ArticleSTMicroelectronics to exit Ericsson joint venture
Europe's largest chipmaker, STMicroelectronics NV, said Monday it plans to exit its money-losing joint venture ST-Ericsson, as it struggles to manage a downturn in global demand.
View ArticleEU states urge lawmakers to back pollution credit plans
Six EU states, including powerhouse Germany, called on European lawmakers Friday to back efforts to revive a faltering market in pollution credits so as to bolster the bloc's fight against global warming.
View ArticleEU lawmakers face close vote on pollution credit freeze
Controversial plans to revive the EU's faltering carbon cap-and-trade system so as to cut greenhouse gas emissions face a tough test in the European Parliament on Tuesday.
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