Apple's holiday season proved to be a letdown, even though the company sold a record number of iPhones and iPads during its latest quarter.
Cisco Systems Inc. said Wednesday that it is laying off 1,100 more workers, deepening job losses at the internet gear maker battling declining revenue.
Online giant Amazon said Thursday its profits more than tripled in the third quarter, but shares fell as the rise was weaker than expected.
Online giant Amazon said Thursday profit in the second quarter surged ninefold to $857 million, lifted by cloud services as the tech giant expanded its offerings.
LG Electronics Inc. said Thursday its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business.
Best Buy Co. on Tuesday offered a disappointing profit outlook for the current quarter, weighed in part by a recent earthquake in Japan that hurt the availability of some highly profitable products.
Investor Carl Icahn and David Einhorn's hedge fund Greenlight Capital cut their Apple investments in the fourth quarter, shortly before the company's shares began sliding, regulatory filings showed.
Apple raised the specter of the end of a technological era after reporting Tuesday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come.
LG Electronics said Thursday its mobile communications division suffered its first operating loss in more than a year, dragging down the company's overall earnings for the third quarter.
Worldwide shipments of personal computers sank in the recently ended quarter with a strong US dollar weighing down sales, market tracker Gartner reported on Thursday.