Nortel Posts Huge Loss, Sets Further Cost Cuts
TORONTO (Reuters)- Nortel Networks Corp reported a $3.4 billion quarterly loss on Mondayand announced a round of sweeping new cost cuts, including 1,300layoffs, as a
TORONTO (Reuters)- Nortel Networks Corp reported a $3.4 billion quarterly loss on Mondayand announced a round of sweeping new cost cuts, including 1,300layoffs, as a
WASHINGTON/NEWYORK (Reuters) – The Federal Reserve hiked its support for insurerAmerican International Group Inc to about $150 billion on Monday afteran initial bailout attempt failed
WASHINGTON(Reuters) – Employers cut payrolls by a much steeper-than-expected240,000 jobs in October as the unemployment rate shot up to its highestin more than 14 years,
SYDNEY (Reuters) -Software giant Microsoft Corp dismissed speculation it might still beinterested in a takeover of Internet firm Yahoo Inc. "We made an offer, we
SAN FRANCISCO (Reuters) – Apple Inc’s new iPhone, already racking up blockbuster sales with consumers, appears to be making small but steady inroads into the
CHICAGO (Reuters) – President-elect Barack Obama, who will inherit the worst financial crisis in decades when he takes office, is expected to announce his pick
SAN FRANCISCO(Reuters) – After nearly a year spent seeking alternatives to MicrosoftCorp’s buyout offer, Yahoo Inc’s Chief Executive Jerry Yang said hebelieves a deal between
WASHINGTON(Reuters) – Federal regulators have launched a probe into whether cablecompanies are raising prices as consumers prepare to switch to digitaltelevision. The U.S. Federal Communications
WASHINGTON (Reuters) – Growth in U.S. productivity slowed sharply during the third quarter despite efforts by businesses to keep it aloft by slashing payrolls, a