Seagate sees signs of improvement in data storage but posts 4th-quarter loss of $81 millionJuly 21st, 2009 Seagate posts 4Q loss on lower sales, big chargesSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter.
Seagate increases revenue guidance in fiscal 4th quarter helped by better demandJune 25th, 2009 Seagate raises 4th-quarter revenue guidanceSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Wednesday raised its fiscal fourth-quarter revenue guidance due to better-than-expected demand and favorable pricing for its products.
Movers roundup: Starbucks shares soar; Seagate Technology stock jumps on outlook, upgradeJuly 23rd, 2009 Movers roundup: Starbucks, Seagate TechnologyAmong the stock activity stories for Wednesday, July 22, from AP Financial News:
NEW YORK (AP) — Shares of Starbucks Corp. soared after a number of analysts praised the company's cost-cutting efforts following the gourmet coffee chain's fiscal third-quarter profit report.
Report: 8 Singapore teen 'slayers' planned group suicideSeptember 8th, 2009 Report: S'pore teen 'slayers' planned mass suicideSINGAPORE — A Singapore newspaper says eight teen fans of the video game Slayers planned to commit suicide together last month, but most backed out after watching two of them jump to their deaths. The New Paper says Tuesday that according to a police investigation, 16-year-old Ku Witaya, a self-proclaimed Taoist medium, convinced his younger brother and six other boys that they had to die to become 'slayers' who would kill demons in a World War III.
Toyota weighing liquidation for Nummi stake after GM pulls out of joint ventureJuly 11th, 2009 Toyota considering dissolving Nummi joint ventureNEW YORK — Toyota Motor Co. says it is considering dissolving its stake in a California manufacturing plant after General Motors Corp.
Toyota cuts annual production goal by 28 percent to lowest in 7 yearsMay 13th, 2009 Toyota cuts annual production goal to 7-year lowTOKYO — Toyota Motor Corp. said Wednesday it will cut vehicle production 28 percent this year to its lowest level in seven years.
Toyota to dissolve California joint venture factory with General MotorsJuly 24th, 2009 Toyota to end Calif. joint venture with GMNEW YORK — Toyota Motor Corp.
Report: Toyota to dissolve California joint venture factory with General MotorsJuly 23rd, 2009 Report: Toyota to end Calif. joint venture with GMNEW YORK — Toyota Motor Corp.
Chrysler restarts Viper plant, first to reopen after emerging from bankruptcy protectionJune 15th, 2009 Chrysler restarts first plantAUBURN HILLS, Mich. — Chrysler LLC says it has restarted a small factory that makes the Viper sports car.
General Motors to stop making Pontiac Vibe at California plant it shares with ToyotaJune 18th, 2009 GM to end Pontiac Vibe production at Calif. plantDETROIT — The Vibe is the latest Pontiac model to be officially killed by General Motors Corp.
More training, hiring, equipment to get San Antonio Toyota plant back to full capacityAugust 28th, 2009 Toyota adding Tacoma to San Antonio plant in 2010SAN ANTONIO — Toyota's decision to move its compact truck production here should get the San Antonio plant closer to full capacity by next summer, adding jobs and helping to offset sluggish demand for full-size models. The plant, which opened in 2006, currently produces Toyota Motor Corp.'s Tundra, but the company has had to furlough workers and cut back to one shift as demand got hammered by high gas prices and then the recession.
Chinese factory worker kills himself over missing iPhone prototype; Apple offers condolencesJuly 22nd, 2009 Chinese worker commits suicide over missing iPhoneGUANGZHOU, China — An employee at a factory that makes iPhones in China killed himself after a prototype went missing, and Apple Inc. responded Wednesday by saying its suppliers are required to treat workers with dignity and respect.
Ericsson CEO clueless about fate of Nortel dealAugust 22nd, 2009 TORONTO - Swedish telecom major Ericsson, whose acquisition of Nortel's wireless business here last month has been challenged by BlackBerry maker Research In Motion (RIM) and Canadian opposition parties, says it is still in the dark about the fate of the deal. Ericsson was the highest bidder at $1.13 billion at last month's court supervised auction of Nortel's wireless division.
BlackBerry drops hostile takeover bidJanuary 20th, 2009 TORONTO - Blackberry maker Research in Motion (RIM) has withdrawn its offer to make a hostile bid for acquiring an encryption technology company. The firm withdrew its offer Tuesday after it was stopped Monday by a Canadian court from making the hostile bid.
BlackBerry drops hostile takeover bid of Indian-owned firmJanuary 20th, 2009 TORONTO - Blackberry maker Research in Motion (RIM) has withdrawn its offer to make a hostile bid for acquiring an encryption technology company owned by an Indo-Canadian after its action was stalled by a Canadian court. Waterloo-based RIM had made an offer of $66 million to the shareholders of Certicom Corp, based at Mississauga on the outskirts of Toronto, after its talks with the management failed.