Monthly Archives: April 2012
According to Financial Times report, the Finnish mobile giant Nokia is working in light to sell its cellphone subsidiary, Vertu. Nokia, which last week had its credit rating cut to “junk” status by ratings agency Standard & Poor’s, will raise about 200 million euros ($265.19 million) from a potential sale. Cited “people familiar with the talks”...
Sharp has announced a 376 billion-yen loss (about $4.7 billion) for fiscal 2011 citing low sales in its primary businesses, reductions in asset valuation, restructuring expenses, and deferred income tax charges. The company is forecasting TV production to decrease by nearly twenty percent, from 12.2 million to 10 million units during which production fell by 17 percent....
FCC fined Google earlier this month with a fine of $25,000 for impeding an investigation into whether or not the data collected during its Street View project violated user privacy. The Wall Street Journal reports that the company has agreed to pay the fine in order to put this investigation behind it. The FCC’s complaint was that the project allows users to see street...
The bankrupted Kodak has reported its first quarter results with total revenue were $965 million, a decline of 27 percent from Q1 2011. Kodak’s consumer branch lost $164 million in the first quarter of this year, compared to $187 million lost in the same period last year, and the commercial branch lost $64 million, about $3 million less than in Q1 2011. The company...