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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.

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.

United Technologies 4Q profit down but sales grow

United Technologies Corp. posted a 26 percent drop in fourth-quarter net income from continuing operations on Wednesday due to one-time items including restructuring costs and completing its $18.4 billion Goodrich acquisition.

Verizon Communications 4Q loss widens

Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs. The company activated a record number of new devices on its contract-based plans during the period.

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 ...

Lexmark to jettison inkjet printers, 1,700 workers

(AP)—Lexmark is jettisoning its inkjet printers and laying off 1,700 workers as paper becomes increasingly passe in an age of ever-sleeker digital devices and online photo albums on Internet hangouts like Facebook.

Nokia chairman indicates company no longer leader

Nokia chairman Jorma Ollila indicated in an interview with Finnish media Wednesday that his company was no longer the world's biggest mobile phone maker after 14 years at the top.

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