Study: Companies better off hiring CEO from within in the long term
When a company wants to appoint a new CEO for strategic changes, they would be better off in the long term by promoting someone from inside the company rather than hiring someone from the outside, according to a new study ...
Yahoo profits rise in 3Q, will revenue follow?
(AP) -- Yahoo Inc. has pumped up its profits by laying off workers and weeding out unpopular Internet services.
Corporations rethinking IT's role in cutting corporate costs, boosting productivity
The current recession has focused top information technology executives on cost-cutting, but they are not slashing jobs the way they did in previous economic downturns, according to a 2009 benchmark report commissioned by ...
Motorola posts unexpected 2Q profit
(AP) -- Helped by deep cost cuts, Motorola Inc. on Thursday posted an unexpected profit for the second quarter after several quarters of losses, and said it expected things to keep improving this year.
AT&T earnings fall, but iPhone cushions the blow
(AP) -- Cost-cutting and the lure of the iPhone softened the effect of the weak economy at AT&T Inc., helping the country's biggest telecommunications carrier beat analyst estimates for the first quarter.
Dell to cut further 230 jobs in Ireland: report
US computer giant Dell is set to lay off up to 230 more workers in Ireland as a part of cost-cutting plans, RTE state radio said on Friday.