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Reports: HP poised to eliminate up to 30,000 jobs

(AP) -- Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.

dateMay 17, 2012 in Business
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Panasonic loss balloons for record red ink

(AP) -- Panasonic's January-March losses ballooned 10-fold to 438 billion yen ($5 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing ...

dateMay 11, 2012 in Business
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Nintendo posts first annual loss

Japanese videogame giant Nintendo on Thursday posted its first annual loss since becoming a public company, blaming a soaring yen and price cuts on its consoles for sinking it $530 million into the red.

dateApr 26, 2012 in Business
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India's TCS shares surge on upbeat earnings

Shares in India's biggest outsourcing firm Tata Consultancy Services jumped more than 10 percent in early trade on Tuesday after it reported better-than-expected quarterly earnings.

dateApr 24, 2012 in Business
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Sony to cut 10,000 jobs, turn around TV business

(AP) -- Faced with mounting losses, Sony Corp. said Thursday it will slash 10,000 jobs, or about 6 percent of its global workforce, and try to turn around its money-losing TV business over the next two years.

dateApr 12, 2012 in Business
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