Yahoo Inc. reported a $303 million, or 22 cent per-share fourth quarter loss Tuesday, compared to net income of $206 million, or 15 cents a share in the same period last year.
The Sunnyvale-based company (NASDAQ:YHOO) had $1.8 billion in revenue, down slightly from the year-ago quarter’s $1.83 billion.
Excluding items, the company’s income would have been [...]

THE HAGUE: The world economy was hit by a massive wave of job cuts on Monday with companies announcing plans to lay off tens of thousands of workers as US President Barack Obama warned of a crisis that could become “dramatically worse.”
Dutch banking and insurance group ING announced 7,000 job cuts and a deal for [...]

BOSTON: IBM, the world’s biggest technology services company, is cutting about 2,800 jobs in North America, according to documents supplied by a union seeking to represent the company’s employees.
International Business Machines Corp spokesman Doug Shelton confirmed on Monday that the company last week informed some employees that their positions were being eliminated.
But he declined to [...]

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