News tagged with global downturn
Global 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.
Nov 02, 2009 |
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Carbon 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.
Sep 21, 2009 |
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PC 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.
Aug 06, 2009 |
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Japan'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.
Jul 28, 2009 |
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India'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.
Jul 10, 2009 |
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Report: 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.
Jun 30, 2009 |
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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.
May 19, 2009 |
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Nintendo'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.
May 07, 2009 |
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Gambling ban would reverse recession, new book says
Legalized gambling is weighing down a global economy already mired in its deepest downturn since the Great Depression, according to a new collection of research that renews decades-old calls to outlaw betting.
Other Sciences / Economics & Business
Apr 16, 2009 |
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Hitachi to replace president, split off businesses
Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.
Mar 16, 2009 |
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