Tag Archives: Recession

Here’s Why Suicide Rates In the Middle-Aged Are Increasing: Report

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The results of a new study are alarming regarding the relationship the Great Recession, which ignited in the wake of the George W. Bush presidency, and suicide rates. According to coverage by...

Foxconn announces $226 million half-year net loss, blames usual suspects

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Foxconn announces $226 million halfyear net loss, blames usual suspectsManufacturing behemoth Foxconn (Hon Hai) has announced a record net loss of $226 million on turnover of $2 billion for the first half of the year. Unsurprisingly, it attributed the loss to the European debt crisis, global economic slowdown and its customers "continuous struggle" for market share. While it made a big push to encourage new customers, capacity far outstripped demand. In order to stem the tide, it's relocating some of its Shenzhen-based facilities to sites in Northern China -- and it's also in talks with carriers to become an ODM, building white-label smartphones in the same way that Huawei and ZTE do. While the loss isn't a rosy picture, the company does have nearly $2 billion stashed in the bank, so it shouldn't be worrying too much.

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Foxconn announces $226 million half-year net loss, blames usual suspects originally appeared on Engadget on Tue, 28 Aug 2012 06:05:00 EDT. Please see our terms for use of feeds.

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Acer scrapes $14.5 million in profit as it becomes world’s third biggest PC maker

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Acer rose a place to become the world's third biggest PC maker this quarter, with net profits rising to $14.48 million, up from $11.2 million last quarter. It's the second positive period since it ended 2011 with a $212 million loss, but the financial crises in the US, Europe, China and Asia Pacific all hampering its recovery. Like many of its PC brethren, it's pinning hopes on Windows 8 to spark a buying frenzy, but thanks to tight margins, only expects profits to be "on par" with those it's just announced.

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Continue reading Acer scrapes $14.5 million in profit as it becomes world's third biggest PC maker

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Acer scrapes $14.5 million in profit as it becomes world's third biggest PC maker originally appeared on Engadget on Fri, 17 Aug 2012 07:47:00 EDT. Please see our terms for use of feeds.

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