Epson Stops Ink-Makers
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Lawsuits halt makers of replacement printer cartridges.
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South Africa's biggest gold and platinum mining firms suspend production because of recent power cuts.
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Luxury carmaker Jaguar said today it is stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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Following Kodak&#39;s announcement in January to halt production of film cameras it is cutting jobs at manufacturing sites in France and the UK resulting in the loss of around 870 jobs.
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Lexmark suffers a setback in its fight to keep third-party ink cartridges off store shelves.
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The computer printer maker cited disappointing revenue from inkjet printers and cartridges, and its shares fell as much as 12 percent.
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The Consumer Product Safety Commission has recalled a total of nine different models because the printers can short circuit posing a shock hazard to users.
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THE US CONSUMER Product Safety Commission said that printers from Lexmark, Dell and IBM can short circuit, posing possible electric shock hazards to consumers.
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Xerox Corp. introduced color printers and ink products Monday that it said will cut the price of color copying by two-thirds, sweeping away a major hurdle for customers seeking to enter the profitable and growing color market.
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About 39,400 laser printers made by Lexmark International and sold by IBM and Dell are being recalled in the United States because of a potential electrical shock hazard, the Consumer Product Safety Commission said on Tuesday.
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About 39,400 laser printers made by Lexmark International may pose an electrical shock hazard, the US Consumer Product Safety Commission warned this week.
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Eastman Kodak Co. announced Tuesday it will cut nearly 900 jobs at three of its manufacturing facilities in Europe as part of the company's shift from traditional film production to digital photography.
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(InfoWorld) - As part of a four-year turnaround plan, Eastman KodakÂ expects to cut 5,000 to 7,000 jobs by the end of 2007 in an effort to reduce its administrative overhead and boost profits from digital photography instead of standard film, the company told investors Thursday. Kodak leaders had already cut 1,200 jobs during the fourth quarter of 2006, bringing the total jobs lost to 23,400 since the company first announced its restructuring plan in January 2004. By the end of this year, that total could reach 30,000, nearly half of the company's size in 2003. The company has already cut excess jobs from its manufacturing division, and will trim the remaining jobs from its selling, general and administrative unit, Kodak Chief Financial Officer Frank Sklarsky said in a release. The move will reduce administrative overhead from Kodak's current level of 18 percent of revenue to just 14 percent to 15 percent. The company has also slashed costs by announcing Jan. 10 it would sell its 8,100-person medical imaging and health-care IT division to the Canadian firm OnexÂ for $2.55 billion. That deal is expected to close in the first half of 2007. On the revenue side of its books, Kodak hopes to boost income through new products like its consumer inkjet printers, image sensors and picture kiosks, said CEO Antonio Perez. The company will also draw $250 million in revenue by licensing its intellectual-property patents this year, he said. KodakÂ introduced a line of inkjet printersÂ this week to compete with Hewlett-Packard and Xerox. Kodak will target consumers and home-office users by selling replacement ink cartridges at about half the price of its competitors -- just $9.99 for black ink and $14.99 for five-color ink. Likewise, Kodak will sell a range of printers priced below $200. Also on Thursday, Kodak announced it would partner with MozillaÂ to improve Kodak's online photo gallery by allowing users to access it from Mozilla's Firefox Web browser. The companies hope to generate more income from the 83 million U.S. users who are predicted to upload, share and print their photographs by 2010. Users can now download the new tool. Â
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Cheaper store-brand inkjet printer cartridges have come on strong recently and now make up about a quarter of the market for replacement cartridges in the U.S. That poses a serious threat to Hewlett-Packard (HPQ), the worldwide leader in consumer printers.
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Lexmark suffers a setback in its fight to keep third-party ink cartridges off store shelves. A federal appeals court this week struck a blow against Lexmark International&#39;s attempt to protect its share of
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NEW YORK - A federal appeals court on Tuesday struck a blow against Lexmark International Inc.'s attempt to protect its share of the lucrative market for refill printer cartridges.
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This manufacturing company replaces a lot of large, high-speed printers in the factory and decides to lease instead of buy. One key requirement: They must be PostScript compatible.