Global Economic Slowdown

Argentine automakers to sell at cost, protect jobs — BUENOS AIRES, Dec 6 (Reuters) - Argentine automakers will sell basic models at cost through state-subsidized loans in a plan to protect jobs in Latin America's third-biggest economy from the global economic slowdown, government officials said on Saturday.... [Tags: aires, automakers, economy, global economic slowdown, government officials]

Adobe Says It Will Cut 600 Jobs, Lowers Revenue Guidance (PC World) — PC World - Hit by the global economic slowdown, Adobe Systems said Wednesday that it would cut 600 jobs and lowered its revenue expectations for the fourth quarter.... [Tags: adobe systems, fourth quarter, global economic slowdown, jobs, pc world]

U.S. Steel to lay off 3,500 — U.S. Steel is idling a taconite plant in Keewatin and two other facilities in Michigan and Missouri. The company says about 3,500 employees will be laid off in total. Amid the global economic slowdown, prices for many steel products have fallen at double-digit rates over the past month...... [Tags: global economic slowdown, keewatin, steel products, taconite plant]

Palm, and Elevation, Seeking Higher Ground — View the full PALM chart at Wikinvest Palm's market cap now stands at slightly over $200 million after the company's stock plunged 10 percent following an ominous earnings warning Monday after the stock market closed. So it's worth asking, does Palm's largest single shareholder, Elevation Partners, which acquired a 25 percent in the company for $325 million in 2007, really stand behind its recent expression of support for the company, or is the private equity firm, which takes its name from a song by one of its partners, U2's Bono, ready to pull the plug? That's the question tech watchers... [Tags: analyst expectations, earnings report, ed colligan, elevation partners, global economic slowdown]

Indians See Mobile Phones as a Necessity in Economic Crisis (PC World) — PC World - India's mobile services market continues to be buoyant, despite the global economic slowdown that has hit the Indian economy.... [Tags: economic crisis, global economic slowdown, indian economy, indians, mobile phones]

Indians See Mobile Phones as a Necessity in Economic Crisis (PC World) — PC World - India's mobile services market continues to be buoyant, despite the global economic slowdown that has hit the Indian economy.... [Tags: economic crisis, global economic slowdown, indian economy, indians, mobile phones]

Indians See Mobile Phones as a Necessity in Economic Crisis (PC World) — PC World - India's mobile services market continues to be buoyant, despite the global economic slowdown that has hit the Indian economy.... [Tags: economic crisis, global economic slowdown, indian economy, indians, mobile phones]

Indians See Mobile Phones as a Necessity in Economic Crisis (PC World) — PC World - India's mobile services market continues to be buoyant, despite the global economic slowdown that has hit the Indian economy.... [Tags: economic crisis, global economic slowdown, indian economy, indians, mobile phones]

Indians See Mobile Phones as a Necessity in Economic Crisis (PC World) — PC World - India's mobile services market continues to be buoyant, despite the global economic slowdown that has hit the Indian economy.... [Tags: economic crisis, global economic slowdown, indian economy, indians, mobile phones]

fring restructuring for growth — Hi guys, fring has experienced several months of unprecedented growth.  We are continuing to develop and grow the fring community and services way ahead of expectation, and even though the world is experiencing tough times, we are now adding 400,000 new fringsters every month, and have some very exciting product announcements to make very soon. However, in an attempt to continue to provide our award winning service to the millions of fringsters worldwide, and at the same time remain flexible to cope with any challenges the global economic slowdown throws us, we have restructured some of our operations at fring... [Tags: award winning service, challenges, co workers, communications service, confidence]

Indians See Mobile Phones as a Necessity in Economic Crisis (PC World) — PC World - India's mobile services market continues to be buoyant, despite the global economic slowdown that has hit the Indian economy.... [Tags: economic crisis, global economic slowdown, indian economy, indians, mobile phones]

Porsche Curbs Production as Sales Dip — The global economic slowdown has started to take its toll on the German automaker.... [Tags: curbs, german automaker, global economic slowdown, porsche]

Steve Parker: Eleven Other Countries with Big Auto Industry Problems — What this post does, I hope, is create awareness of how huge and crucial the car-making business is throughout the world. Here's some of what's happening (mostly with GM) in Europe and Asia, two markets outside the U.S. hit hardest by the slowing automobile business: 1- Poland General Motors has been making informal approaches to the Polish government for financial help. Officials in Poland also are bracing for huge job losses, maybe as many as 10,000 in their auto sector. Suppliers in Poland are likely to be hit hard because most of their products are exported to western Europe, where... [Tags: andrew miller, antwerp, auto industry, auto sector, automobile business]

Dell misses on sales, beats on EPS — Dell said the global economic slowdown has consumers and businesses pulling back on technology spending, when it reported third-quarter results Thursday.... [Tags: consumers, dell, eps, global economic slowdown, third quarter results]

Nokia Sees Down Yr For Handsets In ‘09; Cuts Q4 Industry View; Stk Swoons; Other Handset Shrs Also Fall — So it turns out, the mobile phone business isn’t immune to recession, either. Nokia (NOK) shares are headed sharply lower this morning after the company cut its Q4 industry guidance, and provided an alarming outlook for the global handset market for 2009. “In the last few weeks, the global economic slowdown, combined with unprecedented currency volatility, has resulted in a sharp pull back in global consumer spending,” the company said in a statement. “The weaker consumer spending has impacted many industries, including the global mobile device market. The mobile device market has also been negatively impacted by the more limited... [Tags: currency volatility, economic factors, external contractors, global consumer, global economic slowdown]

Analysts Lower Online Ad Estimates -- "Again!" — After downgrading Google yesterday and "to reflect a deeper than expected impact of the global economic slowdown," Jefferies analyst lowered their online advertising revenue estimates for 2008 and 2009 -- "Again!" they managed to cheerfully note: We now expect global online advertising in FY08 to grow at roughly 17% to $48.4B down from 20%, and in FY09 at 8% to $52.3B down from 13%. Our revised estimates imply 23%Y/Y and 9%Y/Y growth in search revenues in FY08 and FY09. They also imply growth in FY08 and FY09 of 10% and 6%, respectively for display and other non search ad revenues.... [Tags: 3b, 4b, advertising revenue, collapses, display advertising]

Nokia: Global Consumer Spending Crash, Cutting Estimates (NOK) — Nokia (NOK) shares are dropping after the company warned that Q4 sales and profits would be weaker than expected and that the cellphone market would shrink next year. From Nokia's release: In the last few weeks, the global economic slowdown, combined with unprecedented currency volatility, has resulted in a sharp pull back in global consumer spending. The weaker consumer spending has impacted many industries, including the global mobile device market. Nokia cut its 2008 industry-wide unit shipment estimate by 20 million to 1.24 billion cellphones, including 330 million industry-wide shipments in Q4. Nokia expects to maintain its market share in... [Tags: aapl, cellphones, company warned that, consumer spending, currency volatility]

Nokia updates its 4th quarter 2008 outlook and gives preliminary outlook for 2009 — Nokia CorporationStock exchange releaseNovember 14, 2008 at 15:00 (CET+1) Espoo, Finland - Nokia today commented on market conditions impacting its business as well as updated its fourth quarter 2008 outlook and gave a preliminary outlook for the full year 2009. In the last few weeks, the global economic slowdown, combined with unprecedented currency volatility, has resulted in a sharp pull back in global consumer spending. The weaker consumer spending has impacted many industries, including...... [Tags: 4th quarter, currency volatility, finland, fourth quarter, global consumer]

Reports on jobless benefits, exports signal deeper economic slump — Jobless benefits hit a 25-year high, a report shows. Also, imports and exports post drops in September. The global economic slowdown is deepening, according to reports Thursday that showed the number of Americans collecting jobless benefits jumped to a 25-year high and U.S. exports plunged.... [Tags: economic slump, global economic slowdown, imports and exports, jobless benefits]

Intel Cuts Its Revenue Forecast for Quarter — The world’s largest maker of computer chips slashed its revenue forecast, signaling that the global economic slowdown is reaching into the heart of the technology industry.... [Tags: computer chips, global economic slowdown, heart, intel, technology industry]