Related topics: recession

Xerox, Dell mergers reveal the draw of IT services

Back-to-back merger deals involving Xerox Corp. and Dell Inc. highlight a major trend in the corporate tech market where the ability to offer services has increasingly become key to being competitive, some analysts say.

Chips' year-over-year sales fall 18 percent in July, SIA says

Global chip sales fell a little more than 18 percent in July from the year-earlier period, but in a sign of improving demand, semiconductor revenue rose on a month-to-month basis for the fifth time in a row, an industry group ...

PC maker Lenovo reports loss amid weak demand

(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.

Japan's Hitachi posts first-quarter loss

Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.

June video game sales drop sharply

(AP) -- Squeezed by the economic downturn, U.S. retail sales of video games dropped sharply in June, the largest year-over-year decline the industry has seen in nearly nine years.

Microsoft seeking buyer for Razorfish

Microsoft has approached five of the world's biggest advertising companies about buying its digital advertising agency Razorfish, The Wall Street Journal reported on Monday.

Declining road fatalities: Less driving not the only cause

(PhysOrg.com) -- Fewer Americans are dying on our nation's roads, not only because they are driving less, but also because the type of driving has changed, says a researcher at the University of Michigan Transportation Research ...

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