IT services supplier Unisys has announced a 2008 fourth-quarter loss of $58m (£40m), down from a profit of $13.8m (£9.5m) in the same period the previous year, after it was battered by the financial crisis and currency fluctuations.
The company is planning to cut about 1,300 jobs and suspend matching contributions to its pension plan.
Chief executive Ed Coleman, who joined the company last October, said that the firm is taking aggressive actions to simplify its business structure.
According to research firm Forrester, UK businesses that are promotimg green IT are still prioritizing cost savings. Forrester’s survey found 86 percent of IT execs are looking into bolstering green technology. Around 49 percent of these directors said energy consumption is...
Apple has released the first update to the iPhone 2.0 software. This is expected to fix some bugs attacking the phone’s internals and will surely attract more phone users. iPhone OS is the operating system that runs on the iPhone and...
The Barclay brothers, owners of The Daily Telegraph, are to buy the Woolworths brand and relaunch it online, according to reports on the BBC. Woolworths and its clothing label Ladybird will get a new life online if the purchase by the Shop Direct Group, owned by...
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