Related topics: chief executive · company · profit

MySpace to cut 300 intl positions, close offices

(AP) -- Social-networking site MySpace said Tuesday it plans to cut 300 jobs, or two-thirds of its overseas work force, in an effort to rein in costs and focus on countries where it has many users and better business opportunities.

Former Nortel execs acquitted of fraud

A Canadian court on Monday acquitted three top executives of former high-flying telecom company Nortel accused of defrauding the now-defunct firm, citing a lack of evidence.

Sharp to make cutting-edge LCDs in China

Troubled Japanese electronics giant Sharp Corp is to produce cutting-edge LCD panels for smartphones in a Chinese joint venture from as early as 2015, a report said on Wednesday.

Panasonic's red ink grows, forecasts loss for year

(AP)—Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving ...

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