Nokia, one of the world’s largest cell phone makers, plans to cut 10,000 jobs from its global payroll by the end of next year. The Finnish-based company expects the reductions will lower operating expenses by $1.3 billion. Nokia Chief Executive Stephen Elop issued a statement Thursday saying, “These planned reductions are a difficult consequence of […]
Report: Sony to cut 10,000 Jobs Worldwide
Posted April 9th, 2012 at 10:05 am (UTC-5)
A leading Japanese newspaper says Sony is preparing to slash 10,000 jobs worldwide, as the consumer electronics giant attempts to carry out structural reforms aimed at restoring the company to profit. That figure represents 6-percent of Sony’s workforce. The Nikkei business daily, quoting unnamed sources, said Monday that as many as 5,000 job cuts will […]
Obama: Republican Blockage of Jobs Bill ‘Makes No Sense’
Posted November 3rd, 2011 at 6:55 pm (UTC-5)
U.S. President Barack Obama is criticizing Senate Republicans for blocking a bill to rebuild the nation’s infrastructure, saying their move “makes no sense.” Mr. Obama said Thursday that the bill would have put more than 1 million unemployed Americans back to work building roads and bridges and improve airports and transit systems. He said it […]
Official Biography Portrays Jobs as Flawed Genius
Posted October 23rd, 2011 at 10:35 pm (UTC-5)
A new biography portrays Apple Corp. co-founder Steve Jobs as a perfectionist, often abrasive with others, and stubborn — initially refusing potentially life-saving treatment for pancreatic cancer and giving up religion because he was troubled by images of starving children. Walter Isaacson, former Time magazine and CNN executive and the current chairman of the U.S. […]
Senate Rejects Obama’s Jobs Bill
Posted October 21st, 2011 at 12:35 am (UTC-5)
The U.S. Senate has voted against President Barack Obama’s jobs package for the second time in less than two weeks. The 50-to-50 Senate vote late Thursday crushed a $35-billion package to help cash-strapped states employ teachers, police, and emergency responders. The proposal would have increased taxes on millionaires. All 47 Senate Republicans, joined by two […]
Senate Rejects Obama Jobs Bill, Obama Says Fight Is Not Over
Posted October 11th, 2011 at 8:45 pm (UTC-5)
The U.S. Senate has rejected President Barack Obama’s plan to create millions of new jobs through government work programs and tax breaks for businesses. Tuesday’s vote was a procedural vote – called by Democrats to see whether the bill could be brought to a full debate and final consideration. With the economy barely moving and […]
Senate Rejects Obama Jobs Bill
Posted October 11th, 2011 at 7:05 pm (UTC-5)
The U.S. Senate has rejected President Barack Obama’s plan to create millions of new jobs through government work programs and tax breaks for businesses. Tuesday’s vote was a procedural vote — called by Democrats to see whether the bill could be brought to a full debate and final consideration. Earlier in the day, Mr. Obama […]
Obama Slams Congress, Tells Lawmakers ‘Do Your Job’
Posted October 11th, 2011 at 3:10 pm (UTC-5)
U.S. President Barack Obama is calling on Congressional opponents to “put country ahead of party” and pass his $447 billion jobs bill. The president slammed Republican lawmakers during a visit to a union-sponsored training center in Pittsburgh, Pennsylvania Tuesday. Mr. Obama said many Republicans would have a hard time explaining why they oppose the measure […]
Millions Mourn Death of Apple Co-Founder Steve Jobs
Posted October 6th, 2011 at 8:30 pm (UTC-5)
Apple stores around the world have become impromptu shrines to the company’s co-founder Steve Jobs, who died Wednesday at the age of 56. People left flowers and candles at the stores Thursday as millions mourned the death of the innovative leader, who developed electronic gadgets that transformed the global music, mobile phone, and computing industries. […]
Millions Mourn Death of Apple Co-Founder Steve Jobs
Posted October 6th, 2011 at 4:20 pm (UTC-5)
Apple stores around the world have become impromptu shrines to the company’s co-founder Steve Jobs, who died on Wednesday at the age of 56. People left flowers and candles at the stores Thursday as millions mourned the death of the innovative leader, who developed electronic gadgets that transformed the global music, mobile phone, and computing […]
