Monthly Archives: October 2009

As a part of its restructuring efforts, the US Airways aims to trim its workforce by 1,000 employees, including 200 pilots, US Airways said in a statement on Thursday. The airline, deeply in loss, will be reducing its number of employees in the first half of 2010. The lay-offs would include about 600 airport...

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In an attempt to cut down costs and bounce back with good profits, the Versace fashion house on Wednesday announced the company’s plan to lay off 350 employees. This effort of the company is also a part of its reorganization effort. Versace said it will update its production and review store network. The fashion...

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On Wednesday, Qwest Communications International Inc. reported a heavy 6 per cent drop in the company’s third-quarter profits as customers continue to give up traditional landline telephones. Quest has seen the toughest years in the recent past as the company is struggling to boost its sales which have plunged. Currently, Qwest has been offering...

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On Tuesday, India’s third-largest software group Wipro reported a staggering 19 per cent rise in the company’s net profit. The company also forecasted an improving demand underscoring new optimism in the sector. In the second financial quarter ending September, the Bangalore-based firm said it made an encouraging net profit of USD 248 million, (11.62...

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Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection on Monday. This was done after a deal with the company’s key lenders that will help lower its debt by about 62 per cent. For over three quarters, since the company’s switching over to its own computer systems in northern New England, FairPoint...

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Surprising but true! Preliminary analysis on the third quarter growth in Britain shows that the country’s economy is still battling to come out of recession. Though touted as the first estimates, UK’s economy had unexpectedly contracted between July and September by a margin of almost half a percent. This is reportedly the first time...

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HP is celebrating a significant milestone in business technology and its imaging and printing portfolio with the 25th anniversary of its LaserJet printing solutions. The LaserJet printers have had phenomenal success in the Indian market, owing to constant technological innovation, channel trust and customer satisfaction. Added to this achievement, the company, recently, also announced...

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