NEC Corp said Thursday it will slash 10,000 jobs, almost one in 10 of its workers, to trim costs after the electronics maker announced a loss of 87 billion yen ($1.11 billion) for the three months to December 31.
Nokia, the world's largest cellphone maker by volume, is expected to remain barely in the black in the fourth quarter, with its new Windows Phone models yet to compensate for diving sales of its legacy smartphones.
The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
World No.1 mobile equipment maker Ericsson saw its profit halve in the fourth quarter as the global economic slowdown hit demand, and forecast network operators would remain cautious on spending in the months ahead.
European shares and the single currency held firm on Wednesday as investor focus switched to the broader economic outlook and some strong results from leading U.S. companies, and away from worries about the stalemate in Greek debt talks.
The BSE Sensex rose for a third straight session, inching up 0.08 percent on Monday, helped by financials while a decline in Reliance Industries (RELI.NS), which reported its first quarterly profit fall in two years, capped the index gains.
Europe's telecom shares have long been seen as safe houses when the wolf is at the door, but recession, fierce competition and costly network upgrades are huffing and puffing at their capacity to pay generous dividends.
Vodafone Group Plc won a $2.2 billion legal battle against India's tax office in a Supreme Court ruling that analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India.
The Supreme Court ruled in favor of Vodafone Group Plc in its fight against a $2.2 billion tax bill, a decision analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India.
Internet giants including Google and Facebook are embroiled in a growing battle in India over offensive content with a High Court judge warning websites.
U.S. authorities are investigating allegations that an Indian spy unit hacked into e-mails of a U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues.
The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
Canada's famously conservative banks, hit last week by a high profile downgrade, may still be the least bad option for Canadian investors in what could be another ugly year for stock markets.
The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
Finnish cellphone maker Nokia has bought Norwegian technology startup Smarterphone AS to add more advanced features to its basic cellphone models.
Apple's new iPhone 4S consumes on average twice as much data as the previous iPhone model and even more than iPad tablets due to increasing use of online services like the virtual personal assistant Siri, an industry study showed.
Apple's new iPhone 4S consumes on average twice as much data as the previous iPhone model and even more than iPad tablets due to increasing use of online services like the virtual personal assistant Siri, an industry study showed.
The Nano is not a flop, its creator Ratan Tata said on Thursday, but he acknowledged that his Tata Motors failed to capitalise on the early excitement surrounding the launch of the world's cheapest car.
Reliance Industries said it would invest in media group TV18's two main companies, marking a major foray into the media sector by the energy-focused conglomerate and giving a boost to its plans to launch 4G services.
The Ninth Circuit Court of Appeals upheld a law giving telecommunication giants immunity over the Bush Administration's domestic surveillance program, but authorized lawsuits against the federal government.
A U.S. appeals panel on Thursday upheld immunity for telecom companies that assist the U.S. government in conducting surveillance of American citizens.
European shares advanced on Thursday as upbeat data from the United States helped fuel a low-volume rally in the afternoon, although volatility also rose as investors hedged against lingering uncertainty in the Eurozone.
