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Stories about: economic downturn


Economy Still Down In the Dumps, PC Makers Say

After years of economic woes for the whole world, almost everyone is looking for signs that things are improving, but PC makers say black Friday is not one of them. In fact, PC players say that, despite Black Friday apparently making things seem less dire, the economy hasn't actually begun to recover. For tho...

30 November 2011
09:53 GMT

Economic Downturn Changed Spending Habits for Years

When the global economic downturn began, it changed the way people went about purchasing what they needed. Emphasis was again placed on buying only the necessary things, rather than spending money on useless things. Experts say that will take years to change.In the years leading up to the recession, consumers, especi...

5 November 2010
06:00 GMT

Globalization Weakens World's Economy

Researchers at the Rice University have demonstrated that increased trade globalization is having a negative impact on the world's economy, making it more prone to experiencing recessions, and making it more difficult for it to recover afterwards. The team applied a series of rules similar to those seeking to ex...

18 October 2010
09:59 GMT

Teens Now Similar to Counterparts Living a Century Ago

According to a new investigation, it would appear that young Americans today resemble their peers living in the 1900s more than they do their parents. The finding may be explained by the fact that we are currently in the middle of an economic downturn, which makes young adults' transition to full-fledged adultho...

28 April 2010
03:30 GMT

Americans Turn to the Internet for Recession Information

The economic downturn has hit millions of people and now it seems that many of them, at least in the US, are turning to the Internet to find answers or advice. A new study by Pew Research Center found that 69 percent of American adults searched online for information or advice regarding the recession last year. The r...

16 July 2009
07:00 GMT

Microsoft Enters Phase 2 with Plan to Cut 5,000 Jobs

There will be quite a few Microsoft employees that won't be celebrating the public availability of Windows 7 Release Candidate Build 7100. This, because the Redmond company is moving forward with its plan to cut no less than 5,000 jobs announced in January 2009. Microsoft Chief Executive Officer Steve Ballmer be...

5 May 2009
11:01 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

Hynix to Cut Jobs, Reduce Salaries

According to the latest news on the Web, Hynix Semiconductor Inc is starting to cut its workforce and trim executive salaries as a means of reducing costs amid economic downturn. As the latest reports unveil, the South Korean memory supplier Hynix is set to lower the number of its executives by 30 percent, while also...

8 December 2008
11:26 GMT

iSuppli Releases Preliminary 2008 Top-20 Chip Rankings

As the IT industry is facing a financial downturn, iSuppli has released its preliminary 2008 top-20 chip rankings, allowing us to draw a picture of the market. According to the firm, Intel, Samsung, Texas Instruments, Toshiba, and STMicroelectronics hold the top five positions, while other known makers like Advanced ...

4 December 2008
02:53 GMT

AMD's Foundry Company Sees Investment Opportunities

Advanced Micro Devices’ manufacturing arm, which is also known as the Foundry Company, a foundry service provider, looks rather optimistic at the current economic downturn, considering it a good anti-cyclical investment opportunity. At the same time, the company reckons the challenges that are approaching, stat...

28 November 2008
05:47 GMT


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