News tagged with unprofitable business

Eastman Kodak 1Q loss widens

(AP) -- Eastman Kodak Co. said Friday that its first-quarter loss widened on hefty charges related to its reorganization under bankruptcy protection and a drop in sales.

Apr 27, 2012
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Panasonic slumps to $4 billion yearly loss

(AP) -- Panasonic Corp. slumped deep into the red last fiscal year, joining the expanding club of big Japanese brands shellshocked by their rapid descent from cash cow to money loser.

May 15, 2009
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Google buys 5.94% stake in Lenovo

Google bought a 5.94 percent stake in Lenovo for $750 million on the same day it agreed to sell handset maker Motorola to the Chinese technology giant, a report said Friday.

Feb 07, 2014
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Nadella to head Microsoft; Gates leaves chair role

Microsoft has named Satya Nadella, an executive in charge of the company's small, but growing business of delivering software and services over the Internet, as its new CEO. Company founder Bill Gates is ...

Feb 04, 2014
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Top 5 items on Microsoft CEO's To-Do list

As with any new CEO, Microsoft's Satya Nadella will have a packed agenda that includes filling top management roles and re-examining strategy. The tech giant on Tuesday named Nadella to replace Steve Ballmer. ...

Feb 04, 2014
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New losses at Alcatel-Lucent amid rehaul

Telecommunications equipment maker Alcatel-Lucent SA lost 200 million euros ($274,000) in the third quarter, including costs of restructuring efforts aimed at turning around the long-struggling company.

Oct 31, 2013
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