News tagged with global economic slowdown
India's Wipro posts 19 percent rise in profits
Oct 27, 2009 |
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India's third-largest software group Wipro on Tuesday reported a 19-percent rise in net profit and forecast improving demand, underscoring new optimism in the sector.
Japan's Hitachi posts first-quarter loss
Jul 28, 2009 |
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Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.
Japan's NEC to exit supercomputer project
May 14, 2009 |
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Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.
Japan's Pioneer expects sixth year in red
May 13, 2009 |
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Japan's Pioneer Corp. warned it would spend a sixth straight year in the red as it pulls the plug on its loss-making television business and slashes thousands of jobs.
Japanese firms in talks on microchip merger
Apr 16, 2009 |
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Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.
Hitachi to replace president, split off businesses
Mar 16, 2009 |
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Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.
