Cisco Systems announces 1,100 more layoffs
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.
May 18, 2017
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LG Electronics' profit up on TV, appliance but mobile in red
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.
Tesla ramps up sales, sets date for new model
Tesla said Wednesday its 2015 sales were up 51 percent as the electric carmaker reaffirmed plans for its new model that aims at a wider market.
LG profit sinks as smartphone business suffers loss
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.
Taiwan's HTC cuts 2,000 jobs after biggest quarterly loss
Taiwanese smartphone maker HTC said Thursday it would cut more than 2,000 jobs, slashing its workforce by 15 percent, after posting its biggest ever quarterly loss.
Taiwan's HTC stocks plunge to lowest in decade
Taiwanese smartphone maker HTC plunged to its lowest closing share price in more than a decade Friday, a day after it posted its biggest ever quarterly loss.
LivingSocial cuts 400 jobs in latest reorganization
Online deals firm LivingSocial said Thursday it was slashing 400 jobs, or 20 percent of its staff, in the latest cutback in the sector that includes companies like Groupon.
Twitter hammered on growth fears (Update)
Twitter saw its shares hammered Monday after reporting quarterly results that largely met expectations but failed to allay concerns about sluggish growth of the messaging platform.
Nokia eyes turnaround with new CEO, dividend (Update 2)
Nokia is planning for a turnaround now that it has sold its lossmaking handset business to Microsoft, naming on Tuesday a new CEO, promising to pay dividends again and laying out its vision for its remaining operations.
After loss, LG sees lower profit, currency risks (Update)
LG Electronics Inc. is forecasting lower earnings from its mobile business this quarter and risks from swings in Latin American currencies after posting an unexpected loss in the final three months of 2013.
