Taiwanese smartphone maker HTC said Thursday it would cut more than 2,000 jobs, slashing its workforce by 15 percent, after posting its biggest ever quarterly loss.
Taiwanese smartphone maker HTC plunged to its lowest closing share price in more than a decade Friday, a day after it posted its biggest ever quarterly loss.
Online deals firm LivingSocial said Thursday it was slashing 400 jobs, or 20 percent of its staff, in the latest cutback in the sector that includes companies like Groupon.
Twitter saw its shares hammered Monday after reporting quarterly results that largely met expectations but failed to allay concerns about sluggish growth of the messaging platform.
Nokia is planning for a turnaround now that it has sold its lossmaking handset business to Microsoft, naming on Tuesday a new CEO, promising to pay dividends again and laying out its vision for its remaining operations.
LG Electronics Inc. is forecasting lower earnings from its mobile business this quarter and risks from swings in Latin American currencies after posting an unexpected loss in the final three months of 2013.
BlackBerry reported a massive $4.4 billion loss in the third quarter and a 56 percent drop in revenue in its first quarterly report under new chairman and chief executive John Chen.
The "White House Down" flop added to earnings woes at Sony Corp. in the latest quarter, dragging the entertainment and electronics giant to a 19.3 billion yen ($196 million) loss.
Dish Network Chairman Charlie Ergen says that if the government doesn't act to curb the power of TV networks in fee disputes, pay TV distributors may have to merge to even the playing field.
Japan's Toshiba on Wednesday reported $54 million in net profit for the April-June quarter, reversing a quarterly loss a year earlier, thanks to a weak yen and brisk sales of electronic devices.