News tagged with global downturn

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 year that stifled ...

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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