Ericsson shares plummet after it warns on profit and outlook

Mobile networks company Ericsson saw its share price plummet by almost a fifth on Wednesday after saying that its third quarter earnings this year will be "significantly lower" than expectations and it predicts no improvement ...

Ericsson cuts 3,000 jobs in Sweden, reduces operations

Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20 percent of its local workforce, and will downsize operations at several plants as part of its global plan to cut costs by 9 billion kronor ($1 billion) ...

Yahoo to announce job cuts: report

Embattled Internet pioneer Yahoo will announce job cuts when it releases its quarterly earnings report on Tuesday, according to a report in The Wall Street Journal.

'Angry Birds' maker Rovio cuts 213 jobs

Rovio Entertainment, the maker of "Angry Birds" and other mobile games, said it cut nearly a third of its workforce Wednesday as it restructures its business.

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