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.
Sweden's Ericsson posts 35 percent drop in 1Q profit amid higher restructuring chargesApril 30th, 2009 Ericsson posts 35 percent drop in 1Q profitSTOCKHOLM — Wireless equipment maker LM Ericsson on Thursday reported a 35 percent fall in first-quarter net profit due to weak results from its handset unit Sony Ericsson and higher restructuring costs. The Stockholm-based company said net profit in the quarter was 1.7 billion kronor ($210 million) compared with 2.6 billion kronor in the same period a year ago.
Ericsson sees profits fall 61 pct in second quarterJuly 24th, 2009 Ericsson profits fall 61 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB on Friday said its second-quarter profits plunged 61 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson. Ericsson said net profit in the April-June period was 800 million kronor ($106 million), down from 2 billion kronor in the same three months last year.
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.
Ericsson profits drop 56 pct in second quarter due to restructuring, joint venturesJuly 24th, 2009 Ericsson profits drop 56 pct in 2nd quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
Apple sells more than 1 million units of new iPhone 3G S in 3 daysJune 22nd, 2009 Apple: More than 1M new-model iPhones soldNEW YORK — Apple Inc. sold more than a million units of its latest iPhone model in the first three days, making it the most successful debut for a smart phone yet.
Panasonic reports loss on slump, price falls, retirement expenses that offset cost cutsAugust 3rd, 2009 Panasonic reports loss on slump, price fallsTOKYO — Panasonic Corp. posted a 52.98 billion yen ($558 million) loss as sliding sales, falling gadget prices and restructuring costs kept the Japanese electronics maker in the red for a third straight quarter.
Ericsson sees profits fall 56 pct in second quarterJuly 24th, 2009 Ericsson profits fall 56 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
GM's stake in Nummi to become part of 'Old GM,' will discontinue vehicle production thereJune 29th, 2009 GM ending Nummi joint venture with ToyotaNEW YORK — General Motors Corp. said Monday is ending its joint venture with Toyota Motor Corp.
AT&T claims no role in block of Google Voice iPhone program; Apple 'continues to study it'August 22nd, 2009 Apple denies 'rejecting' Google Voice for iPhoneSEATTLE — Apple Inc. told federal regulators Friday that it blocked the Google Voice program from running on the iPhone because it alters important functions on the device — yet Apple denied that it has rejected Google's application outright.
Nokia Siemens buying Nortel wireless units, Nortel to liquidateJune 20th, 2009 Nortel to sell itself off in piecesTORONTO — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company. Nokia Siemens Networks agreed to buy some wireless operations of Canada's Nortel Networks Corp.
Republicans dismiss Democrats' climate change plan as 'classic example of unwise government'May 30th, 2009 GOP belittles Democrats' climate change proposalWASHINGTON — The climate change proposal developed by congressional Democrats and endorsed by President Barrack Obama does little to reduce global warming and saddles Americans with high energy costs, Republicans said Saturday. Indiana Gov.
Electronic Arts posts smaller 4th-quarter loss, lower revenueMay 6th, 2009 Electronic Arts posts smaller 4Q lossNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches.
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.
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