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Apple looking to help cut the cord with web-based TV bundle service
2015-02-05 17:33:39| Extremetech
Apple, arguably the biggest player in consumer electronics, is looking to get into the TV streaming market by creating its own service.
Volvo to cut 1,000 jobs in construction-gear unit
2015-02-05 14:36:51| Appliances - Topix.net
Sweden's Volvo AB said Thursday it will cut 1,000 jobs in its construction equipment business as Chief Executive Olof Persson's struggle to improve the company's profitability continues. Volvo said its construction equipment operation has suffered from a deterioration in markets outside North America and as a result it will close operations in Poland, Brazil and the U.S. The job cuts come on top of a staff reduction of 4,400 white-collar employees announced last year within the framework of a program now targeting 10 billion Swedish kronor in savings by the end of 2015.
Siemens to cut over 7,000 jobs in reorganisation: source
2015-02-05 13:15:16| Industrial Machines - Topix.net
German industrial group Siemens plans to cut over 7,000 jobs worldwide as part of a reorganisation under Chief Executive Joe Kaeser, a source familiar with the situation said.
China stocks rally after rate cut
2015-02-05 02:46:26| BBC News | Business | UK Edition
China markets are rallying after the mainland's central bank unexpectedly cut key lending rates to stimulate growth.
Mining bust hurting Perth shows damage that spurred RBA cut
2015-02-04 09:58:02| Real Estate - Topix.net
This is what an economic hangover looks like. More offices lie empty in Perth, Australia, than at any time since 1996, while the number of homeowners seeking to offload properties has surged 45 percent from a year ago.
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