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Apple Execs Get Bonuses, Jobs Still at $1
2024-12-11 07:07:56| eWEEK Technology News
Several senior executives at Apple Inc took home 2007 cash bonuses that doubled their salaries but Chief Executive Steve Jobs maintained his annual pay of $1 and took no additional compensation.
Category: Information Technology
Motorola Forecasts Loss on Struggling Phone Biz
2024-12-11 07:07:56| eWEEK Technology News
Motorola said it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations.
Category: Information Technology
Yahoo Plans to Cut Hundreds of Jobs: Source
2024-12-11 07:07:56| eWEEK Technology News
Yahoo is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said.
Category: Information Technology
Fed Slashes Interest Rates
2024-12-11 07:07:56| eWEEK Technology News
The U.S. Federal Reserve slashed interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
Category: Information Technology
Bill Would Help States Ditch Electronic Voting
2024-12-11 07:07:56| eWEEK Technology News
New Jersey Democrat Rep. Rush Holt recently introduced a measure that would provide financial relief for states that jumped into electronic voting only to find those systems increasingly unreliable.
Category: Information Technology
Sprint to Cut 4,000 Jobs, Close 8 Percent of Stores
2024-12-11 07:07:56| eWEEK Technology News
Sprint Nextel, the #3 U.S. mobile service, will cut about 4,000 jobs and close 8 percent of its stores, predicting further pressure on its ability to attract subscribers and turn a profit in 2008.
Category: Information Technology
IBM Growth in Americas Slower than Overseas
2024-12-11 07:07:56| eWEEK Technology News
IBM said that revenue from the Americas rose 5 percent, slower than other regions as overseas units showed the strongest gains, and said computer hardware sales declined.
Category: Information Technology
Time Warner to Test Internet Billing Based on Usage
2024-12-11 07:07:56| eWEEK Technology News
Time Warner Cable Inc said it is planning a trial to bill high-speed Internet subscribers based on their amount of usage rather than a flat fee, the standard industry practice.
Category: Information Technology
Bernanke Backs Quick Fiscal Stimulus
2024-12-11 07:07:56| eWEEK Technology News
Federal Reserve Chairman Ben Bernanke threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks.
Category: Information Technology
Brocade Ex-CEO Sentenced to 21 Months in Options Case
2024-12-11 07:07:56| eWEEK Technology News
Brocade Communications former CEO was sentenced to 21 months in prison for backdating stock-option grants in a scandal that has ensnared scores of U.S. companies and led to billions of dollars of restatements.
Category: Information Technology