Profits plunge in Q2 for Sweden's Ericsson

(AP) — Swedish wireless equipment maker LM Ericsson saw its second-quarter profits slashed to almost a third as sales of network infrastructure slowed in China and Russia and the company focused on the more stable — ...

Japan's NEC buys Australian IT firms

Japanese electronics giant NEC said Wednesday it will buy two IT firms from Australia's CSG, with a report pegging the price tag at about $252 million.

Facebook ads less than lucrative for many businesses

As the public joined the frenzy around Facebook Inc.'s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network's main business, advertising, was sputtering.

TV maker Vizio turns to computers, takes on Apple, Dell and HP

Vizio is no stranger to defying the odds. The once little-known company came from practically nowhere to become one of the USA's biggest TV makers, wresting the title from the top electronics companies, including Sony. Its ...

Eastman Kodak 1Q loss widens

(AP) -- Eastman Kodak Co. said Friday that its first-quarter loss widened on hefty charges related to its reorganization under bankruptcy protection and a drop in sales.

Chairman says Samsung to focus on new products

South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.

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