BlackBerry will change its CEO and accept a $US1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself.
The long saga of satellite operator LightSquared's quest to become a cellular carrier may come to an end soon with an auction for the company's assets scheduled for late November.
BlackBerry has increased the amount it plans to spend on its ongoing cost-cutting program, and extended it by another three months, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.
Ford President and CEO Alan Mulally, considered a front-runner among candidates to replace Microsoft CEO Steve Ballmer, has reportedly tried to put the brakes on the accelerating rumors.
Microsoft has said a new way of reporting its financial results will be better aligned with its corporate reorganization and offer more insight into its business.
A week after Steve Ballmer said he plans to step down as CEO of Microsoft, ValueAct Capital, one of its biggest investors, has secured the right to appoint its president to Microsoft's board.
An accumulation of perceived missteps under Steve Ballmer's leadership may have hit a tipping point this year, leading to Friday's groundshaking announcement that Bill Gates' former right hand and heir, as well as Microsoft's fiercest cheerleader, wi...
Cisco Systems may be "rebalancing" its business by eliminating 4000 jobs, or about 5 per cent of its workforce, but it'll keep its hands off its hot new security acquisition, Sourcefire.
Cisco Systems has announced it will eliminate about 4000 jobs, saying it needs to pare down middle management to speed up decision-making and execution.
Cisco Systems revenue and profit increased in the company's fourth quarter compared to a year earlier as the company continued its push to transcend its networking roots and become the world's top IT company.
Three top executives of struggling Zynga will move out of the company, as the games developer aims to flatten its management structure.
Nokia finished its buyout of Nokia Siemens Networks on Wednesday and renamed the company Nokia Solutions and Networks, or NSN.
With a shareholder vote scheduled for July 18, the battle over Dell's US$24.4 billion plan to go private intensified Friday as investor Carl Icahn and his affiliates issued an enhanced offer for the company.
Alcatel-Lucent will refocus on IP networking and ultra-broadband access in mobile and fixed-line networks as it seeks to return to profitability by 2015.
A Dell special committee has rejected a new proposal from a key shareholder Carl C. Icahn, and said it will continue to support the proposal by founder Michael Dell and private-equity firm Silver Lake Partners to take the company private.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
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