Nokia Profits Down 90 per cent! Ouch…
Apparently no one wants to buy Nokias anymore…it’s bad times for Nokia as they record a unthinkably massive 90 per cent dive in their profits for the first quarter of 2009 – but who’s to blame? De-stocking, according to Nokia…whatever!
The world’s largest provider of mobile handsets is [...]

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600 job cuts…
Cable and Wireless, the telecom provider, is adding to the country’s unemployment woes by creating 600 job cuts as a result of their takeover of Thus that took place last year.

The news comes as the company originally announced that they had made a plan to reduce the workforce of the company by 700 [...]

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Despite many businesses around the world being forced to close their doors everyday in this economic downturn, Apple is enjoying continuously good sales. Some are claiming that Apple is ‘recession proof’, as the company behind the extremely popular iPhone handset has announced that their net income in the fourth quarter was $1.61 billion on [...]

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