Archive for January 27th, 2009

IBM sent layoff notices to more than 2,800 people in its sales and software groups in the U.S. last week, a report says.
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Japan’s No. 2 automaker said Tuesday it plans to cut production in Japan and North America amid a severe slump in global sales.
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An upbeat earnings forecast from the U.K.’s Barclays eased worries about the health of major banks in Asia.
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Income from continuing operations rose 17% in its fiscal first quarter, but Siemens said net income declined 81% as the year-earlier period included a large gain from the sale of an operation.
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Japan’s biggest brokerage reported a quarterly group net loss of 342.9 billion yen ($3.8 billion) because of the global financial turmoil and slumping equity markets.
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The mortgage-finance company said it likely needs up to $16 billion from the government as conditions in the U.S. housing market continue to deteriorate.
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