Amortization
206 Stories
Amazon reports greater loss, beats expectations
News
Yahoo meets estimates; revenue soars
News Yahoo on Wednesday reported fourth-quarter earnings that met Wall Street expectations, marking the first quarter that included results from its US$1.6 billion acquisition of Overture Services.
Yahoo aims to break even in 2001 amid slowing economy
News Yahoo! Inc said it hopes to break even this year, a goal well short of its previous forecasts, as the Internet's most-used search site faces a drop in advertising spending. The stock fell 16 percent.
SCI to lay off 5,000
News SCI Systems, an electronics manufacturer, reported lower fiscal third-quarter profit Wednesday and said it will lay off 5,000 to 6,000 people, or 15 percent of its workers, and close four plants to cope with the slowdown.
NTT unit says Verio lost US$777m; loss to widen this year
News NTT Communications Corp, the long-distance and international call unit of Japan's biggest phone company, said its US unit, Verio Inc, posted a loss in 2000 and projects a widening deficit this year.
CyberWorks delays global cable network on capacity concern
News Pacific Century CyberWorks Ltd, which took over Hong Kong's dominant phone company in August, said it postponed a plan to provide fiber- optic services globally because too many cables are now being laid.
CyberWorks delays global cable network on capacity concern
News Pacific Century CyberWorks Ltd, which took over Hong Kong's dominant phone company in August, said it postponed a plan to provide fiber- optic services globally because too many cables are now being laid.
iVillage slashes staff
News iVillage is cutting nearly half of its staff, just days after it completed its merger with former rival Women.com.
Flextronics cuts 7,000 jobs, reduces capacity by 15%
News Flextronics International Ltd, the second-biggest contract electronics manufacturer, has cut about 7,000 jobs, or 10 percent of its workforce, and trimmed production capacity by 15 percent because of slowing demand.
C&W Optus year profit rises 25% on mobile sales 
News Cable & Wireless Optus Ltd said its fiscal 2001 profit rose 60 percent, including a gain from the sale of some mobile transmission towers.
Chinadotcom to make US$70m provision for Q4
News Chinadotcom Corp, an operator of Asian news Web sites, said it will book a provision of at least US$70 million for the fourth quarter to cover the reduced value of its securities investments.
Agilent to cut 4,000 jobs
News Equipment maker Agilent Technologies on Friday announced plans to cut an additional 4,000 jobs on top of previous layoffs.
iVillage slashes staff
News The women-oriented Web company is cutting nearly half its staff, just days after it completed its merger with former rival Women.com.
AOL likely to cut 1,000 jobs this week
News The Internet and media giant is likely to lay off around 1,000 employees from its online division this week, according to sources familiar with the plans.
WebMD Q4 loss widens to US$1.35b
News WebMD Corp, which links insurers, doctors and patients online, said its fourth-quarter loss widened to US$1.35 billion as it ended ventures with News Corp and DuPont and integrated acquisitions.
