Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest quarter got a boost from the weaker yen.
Apple CEO Tim Cook got a relatively modest $4.2 million in pay for the latest fiscal year, after the company's board set him up with stock now worth $510 million for taking the reins in 2011.
Semiconductor maker Infineon Technologies AG says it will cut back on investment plans and introduce short-time working as global economic uncertainty weighs on demand and revenue.
Apple Inc. paid an income tax rate of only 1.9 percent on its earnings outside the U.S. in its latest fiscal year, a regulatory filing by the company shows.
(AP)—India's Wipro will separate its core information technology business from its consumer care and lighting, infrastructure engineering and medical diagnostics businesses, the company said Thursday.
(AP)—Sony Corp. reported Thursday a smaller flow of red ink for the fiscal second quarter on a sales recovery and restructuring efforts and stuck to its full year forecast for a return to profit from its worst loss in company ...
(AP)—Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving ...
(AP)—Investors are driving up shares of FedEx Corp. after the world's second-largest package delivery company promised to boost profits by shedding jobs, aircraft and underused assets.
(AP)—Microsoft Corp. CEO Steve Ballmer's pay package fell 4 percent after his bonus was trimmed, partly due to slower-than-planned progress in the software company's online business and a drop in revenue at its Windows ...
(AP)—Cisco Systems Inc. trimmed CEO John Chambers' pay package for the past fiscal year by 9 percent as concerns about growth at the maker of computer networking equipment weighed on its stock.