News tagged with global downturn

Giants of Japanese media eye digital salvation

With huge circulations, loyal readers and a tireless reporting culture that runs around the clock, Japan's newspapers have defied many of the woes that have beset their western print peers.

dateSep 16, 2010 in Other
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Japanese chipmaker Elpida files for bankruptcy

(AP) -- Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last ...

dateFeb 27, 2012 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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