Sprint Nextel Plans to Upgrade Network, Save Billions
The third largest U.S. mobile-phone carrier plans to upgrade its network over the next three to five years, aiming to save billions of dollars in the process.
ericsson
Troubled Phonemaker Sony Ericsson Posts Profit
Sony Ericsson, the "lost" handset company, which has been bleeding market share for the past several years, said its unit sales dropped another 28% in the first quarter, but net income hit $29 million, quite a turnaround from the same quarter last year, when it lost $398 million.
What's Really Going On With Jobs?
Entering February, a mixed picture on employment has developed: Job cuts in January reached their highest total since August, but still represent a 70% reduction from the same time a year ago, when they peaked at 241,749. What's going on?
Walmart and Ericsson Announce Thousands of Job Cuts
Mass layoff announcements, which became depressingly familiar last year, are back. Walmart and Sweden's Ericsson are the latest companies to cut jobs by the thousands.
