ROGERS, Ark. — I.O. Metro co-founder and CEO Jay Howard has left the retailer to take a management position with Sam's Club in Bentonville, Ark., I.O. Metro announced. He remains a shareholder of the Rogers, Ark.-based furniture ...
Tags: furniture retailer, furniture industry, Jay Howard, managemen
IDG News Service - Rambus on Wednesday said it would lay off around 15 percent of staff as part of a restructuring effort in which the company is trying to curb expenses to improve profitability. Rambus currently has about 500 employees, ...
Tags: Rambus, memory, interfaces, display technologies, chip technologies
Computerworld - In its 73 years, Hewlett-Packard has had bad quarters, but perhaps none like the one it posted Wednesday. Its $8.9 billion loss was huge, but there was little drama about it. HP's CEO, Meg Whitman, is already deep into a ...
Tags: HP plots, HP, Hewlett Packard, PC business, printer business
Japan's Sharp is seeking an investment from U.S. chip giant Intel and other companies. A day after Kyodo News, Japan's largest news agency, reported that Sharp is in final negotiations for Intel to invest up to $500 million, the Japanese ...
Tags: Japan, Sharp, investment, Intel
Motorola Mobility will close down most operations in South Korea in 2013 as part of an ongoing restructuring under Google ownership. The decision is estimated to affect about 500 jobs in South Korea and follows a decision made a month ago ...
Tags: Motorola Mobility, operations, South Korea, 2013, Google ownership
Faced with a pending debt payment at the end of March, Caribbean Cement Company (Carib) has increased the prices by an average 16.5 per cent. Having already implemented a 9.2 per cent price increase in June, the manufacturer should see ...
Tags: debt payment, domestic sales, revenue, new terms, Carib
APPLE will likely have to pay a Brazilian company for the right to use the iPhone brand in Latin America's biggest country, a Brazilian telecommunications analyst says. Brazil's Gradiente SA started selling Android smartphones with ...
Tags: Consumer Electronics, Apple, iPhone brand
Sony claimed the company's financial struggles were down to the poor state of the global economy,as well as the change in the exchange rate for Japanese Yen. The story was more positive within the mobile products and communications ...
Tags: Sony, mobile business
French telecom equipment company Alcatel-Lucent plans to cut 5,000 jobs after reporting a net loss of $308 million in the second quarter, it said on Thursday. A performance program announced by the company will also involve exiting or ...
Tags: telecom equipment company, jobs, net loss, second quarter
Qualcomm has agreed to invest up to $120 million in struggling Japanese firm Sharp, with the two companies to work together to develop low-power displays for mobile devices. Qualcomm will invest half of that amount by Dec. 27, with the ...
Tags: Qualcomm, mobile devices, Sharp, low power displays
Australia based miner Fortescue Metals Group Ltd announced that it will resume works in January 2013 at the Kings deposit within the Solomon mining hub in the Pilbara region of Western Australia. The decision to complete the development ...
Tags: Fortescue Metals Group, metal, iron, price, improvement
Panasonic Wednesday said it will end its short-lived return to the European smartphone market, pulling out less than a year after launching its first handset outside of Japan since 2005. Panasonic had high hopes for its Eluga smartphone, ...
Tags: Panasonic, Europe, smartphone market, smartphone
The Daily Times reported that Pakistan's Privatization Commission has approved withdrawal of the review petition filed against the Supreme Court's judgment,which annulled the privatization of Pakistan Steel Mills Corporation. Prayer was ...
Tags: Daily Times, Pakistan, PC, CCoR, PSMC
According to the well informed sources,Pakistan Steel Mills is likely to seek a third bailout package of PKR 6 billion to pay interest on loans of two previous bailout packages. This proposal was discussed at a meeting of Board of ...
Meteoric Resources has restructured its executive management team following the appointment of Mr Graeme Clatworthy, Mr Neville Bassett and Mr Michael Robson as additional directors to the Board. Mr Clatworthy who has been appointed as an ...
Tags: Meteoric Resources, financial markets, financial, management team