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.
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.
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.
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.
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.
(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.
(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.
India's fourth-biggest software services firm HCL said Tuesday quarterly net profit leapt 50 percent but its shares slid on fears about the global downturn crimping the sector's future growth.
Fewer Mexican immigrants returned home from the United States during 2008 and 2009 than in the two years prior to the start of the recession, a finding that contradicts the notion that the economic downturn has hastened return ...
(PhysOrg.com) -- With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say economists at the University ...