Webvan reaches the end of the road
Online grocer Webvan has closed its doors for business and is filing for Chapter 11 bankruptcy protection confirming speculation this week that it was shutting up shop.
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EMC shares wiped out after profits warning
EMC shares closed down 28 per cent on Friday following the data storage software maker's second profit warning this year.
In a statement the company blamed a global ec...
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Stockwatch Daily: Nasty opening for Euro techs
News of 4,000 job losses has certainly taken a massive toll on Marconi's share price.
After trading was suspended yesterday, its shares initially lost more than 50 per...
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Internet pioneer wakes up to reality
Network of the World, the ambitious web-based interactive TV service, is facing major cutbacks.
The Financial Times reports that 340 jobs are to go and expenditure wil...
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ebookers goes backpacking to India
Online travel agent ebookers is creating at least 150 new jobs in a cost-cutting move to India.
All non-essential operations including web chat rooms, email services, ...
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Baltimore faces more job cuts
Irish security specialist Baltimore Technologies decision to cut 250 jobs seven weeks ago may not be enough to save the company.
According to analysts, the company may...
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Apple kills the Cube
Apple has pulled the plug on its ill-fated and much-criticised G4 Cube computer after the machine failed to meet the company's sales estimates.
The news follows months...
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IBM services arm to cut 1,000 jobs
Despite picking up some major contracts in recent weeks, IBM Global Services announced yesterday that it's to reduce its headcount by around 1,000.
The company claimed...
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Further job cuts hit troubled chip sector
Agere Systems is axing a further 4,000 jobs in addition to a swathe of job cuts made earlier this year.
The optical components maker, which was spun off from Lucent Te...
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Nokia is top stock performer
Nokia is the best performing European company when it comes to keeping its investors happy, according to the latest Financial Times league table.
Over the last five ye...
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