February 8, 2012 |
Nokia is cutting 4,000 jobs and will end its manufacturing in Hungary, Mexico and its home nation of Finland as it moves its phone making to Asia, the company announced Wednesday. The Salo, Finland, factory, which is Nokia's oldest manufacturing plant, along with the affected facilities in Komarom, Hungary, and Reynosa, Mexico, won't be shut down entirely, Nokia said. Instead, the "three factories are planned to focus on smartphone customization, serving customers mainly in Europe and the Americas," Nokia said in a statement . "Device assembly is expected to be transferred to Nokia factories in Asia, where the majority of component suppliers are based.
January 27, 2012 |
This post has been corrected. See the note at the bottom for details. Ford Motor Co. reported a giant annual profit, but much of the gain came from a special tax allowance, and the company said its operating earnings were hurt by losses in Europe and Asia and rising commodity prices. The automaker reported an annual operating profit of $8.8 billion, almost 6% above the prior year. Full-year net income reached $20.2 billion, a gain of more than 200%. That included a special one-time, non-cash accounting change from the reversal of Ford's deferred tax assets.
February 4, 2009 |
In another departure from her predecessor, Secretary of State Hillary Rodham Clinton plans to visit East Asia on her first trip in her new role. Clinton is expected to visit China, Japan and South Korea, and perhaps a country in Southeast Asia, according to a foreign diplomat knowledgeable about plans for the trip. The itinerary signals that Clinton intends to take a closer interest in East Asia than did Condoleezza Rice, her predecessor.
June 27, 2012 |
Apple expanded its iTunes Store to Hong Kong, Singapore, Taiwan and nine other countries Wednesday, but the tech giant did not include India or China in its latest expansion into Asia. The Cupertino, Calif., company announced the expansion of the digital store Wednesday, saying it will hit the new areas with more than 20 million songs, including local and international music. The other countries included in Apple's expansion are Brunei, Cambodia, Laos, Macao, Malaysia, the Philippines, Thailand, Sri Lanka and Vietnam.
July 4, 2009 |
Stocks fell in Europe and Asia on Friday, extending the MSCI World Index's longest weekly losing streak since March, as reports on retail sales and the service industry added to concern that the first global recession since World War II will persist. U.S. markets were closed for the Fourth of July holiday. Metro AG, Germany's biggest retailer, slipped 2.5% as European retail sales dropped more than economists estimated. Seven & I Holdings Co.
March 17, 2010 |
Striding purposefully, his smile lighting up a rainy afternoon, Barack Obama appears to have arrived here early to tour an elementary school he attended as a boy. But wait. It's not him. The U.S. president is still back in Washington shepherding his healthcare bill toward passage. He's not due to arrive in Indonesia until next week. So who is this guy? He's Ilham Anas, a 34-year-old teen-magazine photographer who has parlayed a striking resemblance to the American president into his own brand of celebrity.