News tagged with global downturn

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.

dateJul 28, 2009 in Business
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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.

dateMay 19, 2009 in Business
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