Business news

Authors urge US antitrust probe of Amazon

Authors and booksellers are urging US antitrust officials to investigate whether online retail titan Amazon is abusing its considerable power to the detriment of readers, following a similar move in Europe.

dateJul 14, 2015 in Business
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Dutch hi-tech group ASML post small Q2 income dip

Dutch company ASML, which makes computer chip-making systems and is seen as a global hi-tech bellwether, announced an 8.1 percent second quarter dip in net income Wednesday, but noted it was on track for the rest of the year.

dateJul 15, 2015 in Business
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Microsoft cuts 7,800 jobs, reorganizes phone unit

Microsoft announced plans Wednesday to cut 7,800 jobs and write down the value of its struggling mobile phone division acquired last year from Nokia by some $7.6 billion—fresh evidence of its woes in the global smartphone ...

dateJul 08, 2015 in Business
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Qualcomm to cut jobs, costs

Qualcomm says it will cut jobs, update its board and review its business structure options as part of an effort to improve its performance.

dateJul 22, 2015 in Business
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