Related topics: chief executive · company · profit

FairPoint phone company files for bankruptcy

(AP) -- Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection Monday after agreeing on a deal with key lenders that will help lower its debt by about 62 percent.

HP profit drops 17 pct; PC, ink sales stumble

(AP) -- Hewlett-Packard Co.'s quarterly profit dropped 17 percent on lighter sales of personal computers and printer ink, two of its biggest sellers and a sign that the woes in consumer technology spending dragged on beyond ...

Microsoft tears down walls to open up future

When CEO Steve Ballmer announced Microsoft's most sweeping reorganization in years Thursday, he said it was to make the company faster-paced and more collaborative - all the better to advance his vision of turning the software ...

Nokia Siemens to lay off 17,000 worldwide

(AP) -- Nokia Siemens Networks is slashing 17,000 jobs worldwide by 2013 - nearly 23 percent of its work force - as it strives to cut costs by euro1 billion ($1.35 billion).

HP cutting at least 850 jobs in Germany

US computer giant Hewlett-Packard said Friday it was closing its enterprise software operation in Ruesselsheim, Germany, in a move eliminating at least 850 jobs.

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