IBTimes Logo

Quanta says Taiwan staff down as client orders fall

Quanta Computer Inc, the world's largest PC contract maker, said on Wednesday that employees at its Taiwan production line number less than 2,000, down from about 3,000 in the first half, following a decline in client orders.
More news
The rupee ended stronger on Monday as investors took comfort from the $1 trillion emergency rescue package aimed at preventing Greece's debt crisis from spreading through the euro zone.

Rupee Down on Euro's Slide, Local Shares

The Indian rupee fell on Monday tracking the euro's losses and weak domestic equities as heightened worries over European debt crisis pushing investors to cut holdings in riskier assets.
IBTimes Logo

UBS CEO says not considering stepping down: report

UBS Chief Executive Oswald Gruebel is not considering stepping down in the wake of the crisis provoked by a London trader suspected of causing a $2 billion loss for the bank, he told Swiss newspaper Der Sonntag on Sunday.
IBTimes Logo

SoCal Grocers, Union Down to Wire as Strike Looms

Southern California unions and supermarket operators will negotiate through the weekend in a last-ditch bid to end an escalating Southern California supermarket labor dispute that could usher in the r1vegion's first grocery strike since 2003.
IBTimes Logo

Wall St weighed down by lackluster data

Stocks fell on Wednesday as optimism faded over comments about possible new euro zone bonds to help ease the region's debt crisis, and lackluster data on U.S. retail sales gave investors pause.
IBTimes Logo

JPMorgan Q3 trading revenue down 30 percent

JPMorgan Chase & Co's trading revenue is running 30 percent lower this quarter than the previous period, while investment banking fees are likely to fall by about 50 percent, a senior executive said on Tuesday.
Obama jobs bill

Obama Plan's Tax Hikes on Rich Stir Opposition

The future of the $450-billion jobs stimulus looked bleak after President Barack Obama unveiled a plan to raise taxes, reduce exemptions and repeal various oil subsidies in order to pay for the package.
IBTimes Logo

U.S. Stock Futures Down as Week Begins

Stock futures pointed to sharp falls for equities on Monday after tumbling in the previous session following the resignation of a top official at the European Central Bank, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 1.6 to 1.9 percent.
Colts Peyton Manning and Clyde Christensen talk during a preseason NFL football game in Indianapolis

With Manning Down, Colts Turn to Next Man Up Mantra

With quarterback Peyton Manning sidelined for the foreseeable future after undergoing neck surgery this week, his Indianapolis Colts team mates have adopted their traditional rallying cry of 'next man up'.
IBTimes Logo

Futures down in wake of Obama jobs speech

Stock index futures fell on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.
IBTimes Logo

European Markets Start Trading Day Down

European shares fell early on Friday, tracking Wall Street's Thursday losses, after U.S. Federal Reserve chairman Ben Bernanke gave no indications of new stimulus measures.


IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.