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financial News

Microsoft reports blow-out Q4, record year on Xbox sales

Microsoft released its fiscal fourth-quarter earnings on Thursday and noted that its revenue of $17.73 billion was greater than any other fourth quarter in the company’s history. The Redmond-based firm also reported $69.94 >>

Ericsson to cut Swedish workforce by 1,000 employees

L.M Ericsson Telephone Company unexpectedly announced on Tuesday that it is laying off almost 1,000 employees in its native Sweden due to a 74% drop in net profits one quarter back. Ericsson is >>

Sprint releases Q3 2008 results

As has consistently been the case in recent history, Sprint’s Q3 2008 results show a decline in revenue and a loss of customers. Sprint’s overall revenue fell 12% to $8.81 billion from $10.04 >>