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.
Business
Nov 27, 2012
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(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 ...
Business
Oct 31, 2012
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As far as unpleasant surprises go, Google hit Wall Street with a double whammy Thursday.
Business
Oct 18, 2012
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(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.
Business
Aug 28, 2012
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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.
Telecom
May 16, 2012
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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.
Business
Apr 25, 2012
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German engineering and technology giant Siemens warned Wednesday that full-year profits would fall short of original targets following a difficult second quarter.
Business
Apr 25, 2012
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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.
Economics & Business
Apr 19, 2012
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(AP) -- Microsoft Corp. said it laid off some of its marketing staff on Wednesday as part of an effort to restructure its operations.
Business
Feb 2, 2012
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Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) said Tuesday a previously announced restructuring plan would entail 2,900 job cuts in Germany and 1,200 in Finland.
Business
Jan 31, 2012
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