Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force.
Two top research firms are cutting forecasts for 2009 personal computer sales, expecting shipment values to drop next year as the weak economy discourages some buyers and tight credit thwarts others.
Wednesday, 3 Dec 2008 | Source: The Associated Press
Shares of some PC makers inched lower Wednesday as the broader market declined, after research firm IDC said it expects U.S. shipments of personal computers to drop nearly 3 percent in 2009.
Online retail spending rose 15 percent on the all-important Monday after Thanksgiving from a year earlier, sounding a positive note in an otherwise bleak holiday season.
A top research firm cut its forecasts for 2009 personal computer sales, expecting shipment value to drop 5.3 percent as the weak economy discourages some buyers and tight credit thwarts others.
BlackBerry maker Research In Motion has conceded the weak U.S. economy has taken its toll on its fortunes, and has slashed its profit outlook because of slowing sales, narrower margins, and a stronger U.S. dollar.
LOS ANGELES (Hollywood Reporter) - Warner Bros. hardly
needs more evidence that its Batman film franchise is a
phenomenon, but it got some Tuesday from Apple anyway.
Gene Munster has cultivated a cult following among Apple's faithful; an analyst who has fan sites devoted to him because he has been out there, sometimes all alone, beating the fundamentals drum of this company, touting its strengths, eschewing its weaknesses, and quietly -- with his "aww shucks" mid-Western politeness (Piper Jaffray is in Minnesota) supporting Apple through thick and thin.... Read More
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