Nokia’s 4th quarter net profit drops

Nokia Corp (NOK), the world’s largest mobile phone maker, reported a huge 69% slump in fourth-quarter net profit on Thursday. Share

Microsoft announces 5,000 jobs to be cut

Companies around the world this week are announcing job cuts, amid announcements of dropping demand from sectors all across the board. Share

Ericsson slashes 5,000 jobs as economic downturn takes its toll

Sweden’s Ericsson (ERICY) telecoms company forecasts a grim 2009 as global sales slow down. Share

Economic crisis threatens exports and growth

As the global economic crisis takes its toll on countries around the globe. as well as their automakers, banks, construction and property firms, the latest victim of the economic crisis is world trade. Share