RadioShack sees $20 mln costs for job cuts
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RadioShack Corp. RSH.N, the   struggling consumer electronics retailer, on Friday said it   expects to incur about $20 million of costs in connection with   its previously announced reduction of 400 to 450 jobs, mostly   at its headquarters.
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RadioShack Corp. followed through on its announced plans to cut about 400 jobs, but the electronics retailer has been forced on the defensive about its method of notifying laid-off employees by e-mail.
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FORT WORTH, Texas -- Electronics retailer RadioShack Corp. said Tuesday its fourth-quarter profit climbed 64 percent on lower costs despite a drop in revenue.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million, while adding 875 jobs at two other plants.
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Red Hat said Thursday that it will pay $20.5 million for Netscape security software that will expand the Raleigh company&#39;s product offerings and boost revenue.
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Electronic Data Systems plans to cut 15,000 to 20,000 jobs over the next two years, as the struggling technology services giant tries to slash costs and regain its footing.
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RadioShack Corp.  on Tuesday posted a 22 percent rise in its third-quarter profit due to strong wireless sales and cost control, and reaffirmed its goal to grow 2005 earnings by as much 21 percent.
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Countrywide, the biggest US mortgage lender, will cut up to 20% of its staff, as business slumps.
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Sold trade secrets for $20, Feds allege
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The logic? By cashiering 20 percent of its work force, the company will be better placed to expand its ad business and make new hires.
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Up to 20,000 customers leave First Direct after it starts charging a monthly current account management fee .
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Electronic Data Systems, the information technology services company founded by former presidential candidate H. Ross Perot, may cut up to 20,000 jobs over the next two years.
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An extensive teardown analysis by research firm iSuppli released this morning on Apple's second generation iPod nano MP3 player announced last week, reveals the company is probably paying 20% less to build this new model than for the previous nano generation.
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AT&amp;T Corp., the largest US long-distance telephone company, will eliminate 20 percent of its work force this year and write down $11.
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AT&T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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Consumer electronics retailer RadioShack Corp.  on Tuesday reported higher fourth-quarter profit on improved inventory management, fewer markdowns and lower expenses.
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Microsoft paid $20m(Â£10.6m) to one of its fiercest critics, the Computer and Communications Industry Association, after the group dropped out of an EU anti-trust case against the software giant, it emerged today.