Recession is Going to have Long Term Effect on US EconomyOctober 9th, 2009 The worst recession since the great depression made a big dent on US economy and it will weigh on US labor market for many years to come. The result of the latest Wall Street Journal survey with 48 economists speculates that US economy will witness 3.1 % growth in Gross Domestic Product starting from the third quarter of this year. The labor market is going to take longer time to heal due to this heavy recession.
Texas Instruments observes loss, share falls, but still not worse April 21st, 2009 TI profit, revenue tumble on shrinking demand
Shares in Texas Instruments Inc. fell Tuesday after the chip maker reported that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession.
IT sector growth could slow to 10.8 percent in 2009June 21st, 2009 NEW DELHI - The IT and IT enabled services (IteS) industry in India is expected to grow 10.8 percent to touch Rs.309,573 crore ($64 billion) in 2009, the slowest in the last five years, a report released here said. "The domestic market is estimated to grow at 10.2 percent to touch Rs.109,406 crore, while exports will likely grow at 11.2 percent to cross Rs.200,000 crore, the report by market intelligence firm IDC said.
IAC reports first-quarter loss, though revenue beats analyst estimatesApril 29th, 2009 Internet company IAC reports first-quarter loss
NEW YORK — The recession's effect on advertising is hurting IAC/InterActiveCorp. The Internet services company led by Barry Diller says it recorded a first-quarter loss as revenue fell 22 percent in its media and advertising unit, which includes search engine Ask.com.
Microsoft's quarterly sales Records a Steep Fall for the first time in 23 yearsApril 24th, 2009 Microsoft's sales show fallout of recessionSEATTLE — The link between Microsoft Corp.'s fortune and the health of the personal computer market has rarely been clearer than in the software maker's fiscal third quarter. For the first time in Microsoft's 23-year history as a public company, revenue fell year-over-year as PC shipments tumbled.
San Francisco Chronicles May Close the Doors. Another Recession VictimFebruary 25th, 2009 Recession spares none. And now its time for media.
Is Recession Affecting Video Games SalesFebruary 16th, 2009 With recession hitting the world economy, video games continue its record sales. The video game market is thriving with blockbusters like Grand Theft Auto IV, and popular ones like the Nintendo Wii.
Nintendo expects profit despite recession amid strong demand for Wii, upgrade of DS consoleMay 4th, 2009 Nintendo on roll on Wii, but cautious on high yen
TOKYO — Japanese video game and console maker Nintendo Co. reports fiscal fourth quarter earnings on Thursday.
As Oracle prepares to buy it, Sun's loss widens on a 20-percent sales dropApril 29th, 2009 As Oracle readies takeover, Sun's loss widensSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.
AP Executive Morning BriefingApril 24th, 2009 AP Executive Morning BriefingThe top business news from The Associated Press for the morning of Friday, May 8, 2009:
Toyota sees losses growing this year
TOKYO (AP) — Toyota Motor Corp. said it sank into a 765.8 billion yen ($7.7 billion) net loss for the January-March quarter, bringing its loss for the full fiscal year to a bigger-than-expected 436.94 billion yen — its worst result ever.
Half-million jobs lost, actual count seen higherFebruary 20th, 2009 NEW DELHI - An estimated 500,000 jobs were lost in India from September to December last year in areas like textiles, automobiles and information technology, and the actual numbers across the country could be higher, parliament was informed Friday. Quoting a study by the labour ministry, Corporate Affairs Minister told the Lok Sabha, the lower house, that total employment in the areas covered fell from 16.2 million in September to 15.7 million in December.
McClatchy suffers 1Q loss of $37.5 million as ad revenue wilts, raising more analyst concernsApril 23rd, 2009 McClatchy 1Q loss widens amid advertising meltdown
SAN JOSE, Calif. — The McClatchy Co.'s losses widened in the first quarter amid an advertising meltdown that is increasing pressure on the publisher to meet commitments to lenders.
As Oracle prepares to buy it, Sun says its loss widened on restructuring, slumping salesApril 28th, 2009 Sun's loss widens on restructuring, slumping salesSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.
Solving - "A pseudo attribute name is expected" Error in JAXPJuly 6th, 2006 I was writing a xml data reader in Java using JDK's inbuilt XML processing libraries (JAXP) when I persistently hit across this annoying exception with error message: A pseudo attribute name is expected. The error is displayed on the first line itself.
Sony reports $1 bln annual loss, first in 14 years; sees more red ink this yearMay 14th, 2009 Sony reports $1 bln annual loss, first in 14 yearsTOKYO — Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.
The statisticians bring no good news but something to be very scared of. This recession has deservingly placed itself in history of worst job losses in 60 years. With output still falling at a dizzying rate, most companies are shedding unneeded workers and cutting back the hours of those remaining.
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