HP cutting at least 850 jobs in Germany
US computer giant Hewlett-Packard said Friday it was closing its enterprise software operation in Ruesselsheim, Germany, in a move eliminating at least 850 jobs.
Feb 01, 2013
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Feb 01, 2013
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LodgeNet files for Ch. 11, plans sale to Colony
LodgeNet Interactive Corp. says it is filing for Chapter 11 bankruptcy protection as part of a plan to sell itself to investment firm Colony Capital for $60 million.
Jan 28, 2013
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United Technologies 4Q profit down but sales grow
United Technologies Corp. posted a 26 percent drop in fourth-quarter net income from continuing operations on Wednesday due to one-time items including restructuring costs and completing its $18.4 billion Goodrich acquisition.
Jan 23, 2013
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Verizon Communications 4Q loss widens
Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs. The company activated a record number of new devices on its contract-based plans during the period.
Jan 22, 2013
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Former Nortel execs acquitted of fraud
A Canadian court on Monday acquitted three top executives of former high-flying telecom company Nortel accused of defrauding the now-defunct firm, citing a lack of evidence.
Jan 14, 2013
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Tribune leaves bankruptcy after 4 years
(AP)—Tribune Company says it has emerged from a Chapter 11 restructuring more than four years after the media company sought bankruptcy protection.
Dec 31, 2012
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Scientists say NASA's budget inadequate for its goals
NASA suffers from a "mismatch" between its goals and the budget it has been given to achieve them, according to a panel that said the US space agency may need a complete overhaul.
Dec 06, 2012
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India's Suzlon 'agrees $2 bn debt restructuring'
Troubled Indian wind turbine maker Suzlon Energy has reached an agreement with its lenders to restructure loans of nearly $2 billion, a report said on Tuesday.
Nov 27, 2012
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Panasonic's red ink grows, forecasts loss for year
(AP)—Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving ...
Oct 31, 2012
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Google delivers 3Q letdown early, stock plummets (Update 2)
As far as unpleasant surprises go, Google hit Wall Street with a double whammy Thursday.
Oct 18, 2012
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Lexmark to jettison inkjet printers, 1,700 workers
(AP)—Lexmark is jettisoning its inkjet printers and laying off 1,700 workers as paper becomes increasingly passe in an age of ever-sleeker digital devices and online photo albums on Internet hangouts like Facebook.
Aug 28, 2012
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Germany's T-Mobile to cut 900 US jobs
Germany's T-Mobile, the fourth-largest wireless telecommunications company in the United States, said Tuesday it would cut 900 jobs as part of a company-wide restructuring.
May 16, 2012
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Nokia chairman indicates company no longer leader
Nokia chairman Jorma Ollila indicated in an interview with Finnish media Wednesday that his company was no longer the world's biggest mobile phone maker after 14 years at the top.
Apr 25, 2012
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Siemens abandons profit target after weak second quarter
German engineering and technology giant Siemens warned Wednesday that full-year profits would fall short of original targets following a difficult second quarter.
Apr 25, 2012
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Is the Greek haircut a snip too far for investors?
Research from the University of Reading suggests that the recent bail-out for Greece could lead to decades of legal actions as disgruntled investors sue for compensation.
Apr 19, 2012
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