Espoo, Finland - Nokia plans to
cut 7,000 employees worldwide by the end of 2012 and outsource its Symbian OS
software operations to Accenture as part of its
Franklin, Tenn. - Sherbourn
Technologies plans to launch a consumer and trade advertising campaign in June
to coincide with the shipment of its first new products
Melville, N.Y. - Nikon officially confirmed rumors circulating the blogger community that it is adding an updated 50mm f1.8 lens to its arsenal in the AF-S Nikkor
Stockholm, Sweden - Price promotions, soft sales and high raw materials costs led to a 43-percent decline in Electrolux's earnings during the first quarter ended
Oakdale, Minn. - Imation reported a 13.5 percent drop in sales and a deeper net loss in the first quarter ended March 31. Net revenue in the quarter was $316.5
Amsterdam - Retail-level unit sales of portable navigation devices (PNDs) in North America fell 19 percent during the first quarter, more than previously forecast