Latest in Economy

Image credit:

Recession Roundup: volume... oh nevermind

Laura June

We like to spread good vibes around here, so believe us, we're getting pretty tired of this global economic collapse. However, there's more bad news to dole out. Kodak's reported a 24 percent sales drop and announced it's cutting up to 4,500 workers this year, while Toshiba posted its first loss in seven years, and announced cuts that would bring their expenditures down 80 percent from the current year. Finally, although this was previously predicted, Sony's announced that its profits were down a staggering 95 percent last quarter -- its first-ever third quarter loss posting. The Federation is not going to be pleased.

Read - Kodak posts loss, to cut up to 4,500 jobs
Read - Toshiba reports Q3 loss
Read - Sony's quarterly net profits tumble 95 percent

From around the web

ear iconeye icontext filevr