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15.07.2007 18:45
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12.07.2007 17:26
In a July 10 story about manufacturing plant closings in Texas, Arizona and Morocco by Swiss chip maker STMicroelectronics NV, The Associated Press reported that the company was cutting 4,000 jobs.
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10.07.2007
Swiss chip maker STMicroelectronics NV said Tuesday it plans to close three manufacturing plants over the next two to three years. Once the changes are complete, the company said it expects to save about $150 million per year in the cost of goods sold.
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10.07.2007
Mobile e-mail provider Visto Corp. and its rival Seven Networks Inc. have ended their three-year patent dispute with a licensing agreement, the companies said Tuesday.
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10.07.2007
A Florida man who claims Microsoft Corp.'s Xbox 360 scratches game discs has sued the company, saying the consoles are "negligently designed and manufactured.
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10.07.2007
Shares of biotechnology company Tercica Inc. shot higher in aftermarket trading Tuesday after the company struck a deal with industry giant Genentech Inc. Brisbane, Calif.
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10.07.2007
Compuware Corp., which makes software for mainframe computers, said Tuesday it expects to break even in its fiscal first quarter because evaluation and restructuring work distracted from sales efforts. The company said preliminary results show it reporting revenue of $278 million for the quarter.
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10.07.2007
Consumer electronics company Audiovox Corp. said Tuesday its first-quarter profit rose 47 percent due to a big pretax gain that boosted income from discontinued operations.
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10.07.2007
Department store operator Sears Holdings Corp. forecast a smaller second-quarter profit than Wall Street expected Tuesday, and its stock fell to the largest loss on the Nasdaq 100. The index dropped 17.31, to 1,971.89. The broader Nasdaq fell 30.86 to end at 2,639.
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10.07.2007
A former Brentwood physician pleaded guilty to a federal conspiracy charge on Tuesday for his role in a lawsuit kickback scheme that prosecutors said netted more than $200 million for a major New York law firm. Steven G. Cooperman, 65, entered the plea in federal court.
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10.07.2007
Vital Images Inc., which makes medical visualization and analysis software, said Tuesday it expects its second-quarter profit to fall on disappointing sales from its distribution partners. The company also lowered its full-year revenue forecast.
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10.07.2007
Shares of companies that make solar power cells were mixed Tuesday, with First Solar Inc. stock sliding after an analyst's downgrade.
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