With eerie similarities, BlackBerry is replicating the route taken by Palm Inc. into oblivion. The recent announcements for Canadian smartphone maker Blackberry are short of appalling, It had said it had a 40% decline in sales and had announced job cuts to a third of its current workforce.
Sectors
Blackberry shares tumble as net loss report to be made public
With a net operating loss between USD950 million and USD995 million, BlackBerry is feared to be nearing its closure.
Shortage of iPhone 5S concerns mobile networks
Mobile networks expressed concerns over the shortage of Apple's iPhone 5S. Mobile networks were concerned about the shortage of Apple's newest iPhone 5S.
RWE divesting assets and cutting back on labor force
In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.
Senator questions privacy of Apple's iPhone 5S fingerprint technology
Senator Al Franken wrote a letter to Apple's Head Tim Cook to raise concerns about the fingerprint scanning technology of the iPhone 5S.
Latest News
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
European policymakers were in for disappointment no matter what the outcome of the election would be, a Reuters analysis showed.
The elimination of poverty and improving incomes of the world's poorest were two of the goals of World Bank, its draft strategy paper showed.
A business magazine reported that Gerhard Cromme would leave the board of Axel Springer to concentrate on his role at Siemens.
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
BB&T Corp lost a USD 772 million tax refund case against the IRS. Financial holding firm BB&T Corp lost a USD 772 million tax shelter case with the US Internal Revenue Service (IRS).
A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.
Chinese authorities warned potential problems the Chinese banks could face if they don't beef up their capital requirements but Factbox figures from Reuters revealed a different scenario.
