Conduit revenue jumps 33 percent
Directory inquiries company Conduit increased its revenues for the twenty-fifth sequential quarter, as it gears up to seize a bigger chunk of the UK market.
October 18 in MARKETS

Ericsson losses mount as market worsens
Mobile network equipment maker Ericsson on Friday said that orders for its products have fallen by 46 percent as pre-tax losses came in wider-than-expected.
October 18 in MARKETS

Microsoft doubles profits
In its fiscal first quarter results, Redmond-based software behemoth Microsoft trumped Wall Street expectations as its year-on-year profits doubled.
October 18 in MARKETS

Sun to cut 4,400 jobs
Sun Microsystems is to layoff 11 percent of its workforce, as the high-end hardware and software manufacturer reported a USD111 million loss for the last quarter.
October 18 in MARKETS

IBM beats forecasts as profits tumble
IBM said that losses in its hard disk drive business cut into third quarter income, but overall Big Blue posted strong figures that beat expectations.
October 17 in MARKETS

Apple posts USD45 million loss
Apple Computer posted its first loss in two years, mostly due to charges from equity investment losses, and said the market for its computers would remain weak.
October 17 in MARKETS

Nokia forecasts strong profitability
Despite the sluggish growth of the market, the world's top mobile phone maker, Nokia, has reported a slight increase in sales and a jump in operating profits.
October 17 in MARKETS

EMC to cut Irish jobs as sales plunge
Storage giant EMC is expected to cut around 90 people from its Irish workforce as it continues to suffer from the 'IT spending drought.'
October 17 in BUSINESS

Intel results disappoint, outlook cloudy
Intel's third quarter results, released on Tuesday, showed profits significantly higher than the previous year, but short of analysts' expectations.
October 16 in MARKETS

Motorola posts profits and denies rumour
Amid speculation about a disposal of its semiconductor unit, wireless communications pioneer Motorola says it is profitable after 18 months of losses.
October 16 in MARKETS

Cost cuts help Iona narrow losses
Irish software and Web services company Iona reported lower year-on-year revenues as the soft market for its products continues to wreak havoc on sales.
October 16 in MARKETS

Philips reports EUR330m in losses
Dutch electronics giant Philips has cut its losses to EUR330 million through a combination of marginally increased sales and cost-cutting measures.
October 15 in MARKETS

ARM cuts jobs as sales tumble
UK semiconductor designer ARM has announced that it is to cut 10 percent of its workforce as it reports its first-ever fall in quarterly sales.
October 15 in MARKETS

Argos e-sales boom, Jungle.com suffers
UK retailer and business services company GUS plc said that on-line sales at its Argos unit were booming, although jobs are set to go at Jungle.com.
October 15 in MARKETS

Trintech pursues USD5m buyback
Trintech is giving lukewarm investors a chance to jump ship by instituting a USD5 million share buyback, to be paid from the firm's USD50 million cash reserves.
October 11 in MARKETS

Results show Yahoo turnaround on track
Internet giant Yahoo has reported stronger than expected financial results for the third quarter thanks to more users paying for on-line services.
October 10 in MARKETS

Accenture reports falling profits
Accenture, the world's largest consulting firm, has reported a drop in revenues and profits in its latest quarter as companies cut spending on consulting services.
October 10 in MARKETS

Bondholder looks to liquidate Colt
Colt Telecom has said that Highberry Limited, a UK hedge fund, has informed the company it is to begin proceedings that could force Colt into liquidation.
October 09 in MARKETS

Fujitsu Siemens post EUR21m losses
PC maker Fujitsu Siemens has reported a pre-tax loss for the first six months of its latest financial year and said it plans to cut more jobs.
October 09 in MARKETS

Logica looks to buy CMG
Logica has said that it is in early stage talks to acquire rival CMG in an all-share deal, as both companies continue to suffer from weak demand.
October 08 in INVESTMENT