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Stories about: crisis


Fake HDD Crisis Confirmed: WD Spends Another $1.9 Billion USD

After spending 4.3 billion dollars for Hitachi's HDD division last March, and right after paying 700 million worth of dividends this spring and buying Toshiba's Thailand HDD plant, Western Digital's Board of Directors approved a stock repurchase of 1.9 billion dollars. It's quite strange to ...

22 May 2012
20:01 GMT

Hard Hit by the Fake HDD Crisis, WD Buys TOSHIBA’s HDD Plant in Thailand

Back when we wrote the first articles regarding the fake HDD crisis and the current HDD market status, there were many readers that correctly pointed out the fact that Toshiba is still manufacturing hard disk drives. Although all the competition in the HDD domain was almost eradicated or bought off by Seagate and We...

15 May 2012
05:58 GMT

HDD Shipments Will Get Back to Normal in June 2012

During its quarterly fiscal results conference on Thursday, Western Digital reportedly admitted that it managed to significantly restore production capacities after the October 2011 flooding in Thailand. "I am pleased to announce today that the recovery activities related to both WD operations and those of our suppl...

27 April 2012
12:43 GMT

Housewives Get a Job if Desperate

A new research carried out by Marybeth Mattingly and Kristin Smith from the Carsey Institute concluded that during recession periods, women enter the workforce if their husbands become unemployed.Given the recent recession, in the world and in the United States, many companies laid off thousands of people, complicati...

14 September 2010
09:13 GMT

Food Crisis Looming Around the Corner

In a report prepared for the first-ever meeting of the Global Conference on Agricultural Research for Development (GCARD), researchers paint a bleak picture of the future. They say that, unless immediate action is taken on increasing the world's food supply, we could soon be faced with a crisis unlike any other ...

25 March 2010
07:01 GMT

Central-Asian Nations Meet in Water-Crisis Talks

In their annual summit, the five nations in Central Asia are focusing their discussions on the issue of water security, which seems to be getting increasingly desperate over short periods of time. Tajikistan and Kyrgyzstan, two of the five countries, hold together about 80 percent of the region's waters, in rese...

28 April 2009
04:34 GMT

Midway Plans to Sell Mortal Kombat, Still Offers Bonuses to Managers

The recession is rearing its ugly head on the whole world, and, in these troubled times, no company is safe from its repercussions. We've seen big corporations like Sony or Microsoft being affected, so the news that already struggling company Midway was in even deeper trouble was nothing surprising, as it has be...

3 March 2009
03:02 GMT

L’Oreal, Other Sponsors Leave the 2009 Oscars Stranded

It’s been years that the Academy Awards have lost their appeal with the public, at least in terms of the ABC telecast, which has recorded lower and lower ratings with each edition. However, 2009 may hold yet other unpleasant surprises for the network, with reports swirling that several sponsors, among which cos...

18 February 2009
09:18 GMT

PC Market Growth Hit Hard by Financial Crisis

As it was expected, the worldwide PC market was hit hard by the ongoing financial crisis, as PC sales were down 0.4% year on year in the fourth quarter of 2008, according to IDC's Worldwide Quarterly PC Tracker. The research firm announced that, after six years of growth, with an average of 15% increases in the ...

15 January 2009
04:59 GMT

Seagate Announces New CEO and COO

Seagate, the world’s leading hard disk drive maker, recently announced, in a surprising move, that its Board of Directors had unanimously appointed Stephen J. Luczo as the company’s new president and chief executive officer. Mr. Luczo is expected to continue to serve his previous post as chairman of the B...

14 January 2009
03:04 GMT

NVIDIA Lowers Q4 Revenue Estimations

NVIDIA, the world’s leading manufacturer of computer graphics processors, announced on Tuesday that it expected to show a 40 to 50 percent decline in revenues in the fourth quarter of fiscal 2009 ending on January 25, 2009. According to the newly announced figures, the Santa Clara, California-based chip maker c...

14 January 2009
02:19 GMT

Sony Expected to Announce First Operating Loss in 14 Years

Sony Corp, one of the largest consumer electronics vendor, is expected to release details of an operating loss of approximately 100 billion yen ($1.1 billion) for 2007/2008. With the announcement, Sony is going to record its highest operating loss in 14 years, according to the business daily, Nikkei. In addition, the...

13 January 2009
09:22 GMT

Sony May Employ Severe Cost-Cutting Measures

We live in tough times, as the recession is taking its toll on a lot of corporations out there. The same happens with the ones operating in the gaming industry, although a lot of analysts and executives claimed that almost all of the companies that produced or published games would be fine. We've already seen F...

7 January 2009
15:01 GMT

Midway Explains the Layoff of 25 Percent of Staff

Midway will not have a very happy holiday season, as its recent games, Blitz: The League II or Mortal Kombat vs. DC Universe, haven't really broken sales records. The two titles, although being hyped up and marketed as innovative, weren't met with a lot of anticipation by fans.Also, Midway has seriously bee...

17 December 2008
02:53 GMT

Microsoft Is 'Cautiously Optimistic' About 2009

Microsoft is definitely a very happy company in terms of gaming these days. It has seen an almost trouble-free launch of the New Xbox Experience, it has the upper hand in what concerns sales and units moved as opposed to its main rival, the PlayStation 3, and it has seen a lot of Xbox 360 units sold during last week&...

4 December 2008
03:00 GMT

Blizzard Says Games Will Withstand the Financial Crisis

Blizzard is definitely quite a happy company these days. It has launched the second expansion to one of the biggest and most profitable online games out there, World of Warcraft, which has over 11 million paying subscribers on a monthly basis. This expansion, dubbed Wrath of the Lich King, has broke all sales records...

24 November 2008
11:01 GMT

How Severe Is the Water Crisis?

There's no life without water, from elephants and humans to bacteria. We must consume 2.5 liters of water from food and beverage to remain healthy. Water is also necessary for livestock and farming, the means for producing our food. Our planet could be covered by a global ocean 2.5 km (1.5 mi) deep if even. But ...

5 December 2007
10:39 GMT

How to Overcome a Matrimonial Crisis

To overcome any type of matrimonial crisis, first you have to be 100% sure that there is a real mutual desire to solve the issues and stop searching for the 'guilty one'; instead, try to find the possible cause(s) of your problems, and only then will you two have a chance of discovering the proper remedy. I...

5 October 2007
15:56 GMT


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