News

• RBA raises interest rates by 25 points

  By AAP | 01 December, 2009 15:02

  The Reserve Bank of Australia (RBA) has raised the cash interest rate by 25 basis points to 3.75 per cent.

• Boost in second-hand games sales upside of global financial crisis

  By David Ramli | 13 February, 2009 10:16

  The games software industry has found an unexpected silver lining, with sales in the second-hand games sharply increasing amid the economic turmoil of the global financial crisis.

• US House passes $819 billion stimulus package

  By Grant Gross | 29 January, 2009 11:33

  The US House of Representatives has passed an US$819 billion economic stimulus package, with money for broadband deployment, health IT and a national electric smart grid included.

• Laid-off Nortel workers lobby for severance

  By Jim Duffy | 29 January, 2009 08:18

  Workers laid off from Nortel are pleading with the company to restore their severance packages.

• With global revenue dropping, Symantec posts big loss

  By Robert McMillan | 29 January, 2009 06:55

  Symantec posted a big loss Wednesday, citing the tough economic climate, but the company's quarterly earnings still were better than analysts had expected.

• Union: IBM layoffs now 4200 -- may go higher

  By Patrick Thibodeau | 29 January, 2009 09:31

  IBM's not-so-secret layoffs may have reached 4200 Tuesday, according to Alliance@IBM, which believes that thousands of other employees will be loosing their jobs as well before the cuts end.

• IBM CEO urges support of $825B US stimulus bill

  By Patrick Thibodeau | 29 January, 2009 08:00

  President Barack Obama's US$825 billion economic stimulus package got the enthusiastic endorsement Wednesday of IBM CEO and Chairman Sam Palmisano and other business leaders.

• How companies are cutting costs

  By Denise Dubie | 28 January, 2009 05:26

  Nearly half of companies working to reduce costs attempt to avoid permanent layoffs, according to recent survey results, opting instead to freeze salaries and cut travel expenses.

• Obama details recovery plan but short on broadband goals

  By Martyn Williams | 27 January, 2009 12:28

  Barack Obama used his first weekly address as U.S. president to provide more details of his proposed US$825 billion American Recovery and Reinvestment Plan that, among other things, will upgrade classrooms, invest in renewable energy and expand broadband Internet access.

• Qimonda's woes will zap gamers, PC and servers users

  By Dan Nystedt | 27 January, 2009 11:52

  The bankruptcy filing by Germany's Qimonda AG last week marks a first for a major technology company amid the current global economic downturn, and it likely won't be the last.

• Report: Sony to shut Japan TV plant, cut financial forecast

  By Martyn Williams | 22 January, 2009 09:40

  Sony will disclose on Thursday how a restructuring plan announced in December will hit its domestic operations in Japan, the Nikkei business daily reported Thursday morning.

• Will technology drive global recovery?

  By Frank Dzubeck | 20 November, 2008 07:04

  On November 6, Sam Palmisano, chairman, president & CEO of IBM, made an important speech entitled "The Smart Planet: The Next Leadership Agenda" at the Council of Foreign Relations in New York City. That speech is only now getting public press attention.

• IT careers expected to survive global economic storm in 2009

  By Kathryn Edwards | 26 November, 2008 10:34

  With an abundance of projects on the cards for 2009, the outlook for IT recruitment remains positive, according to Melbourne-based IT recruiter Peter Acheson.

• IT economy goes further off the rails

  By Matt Hamblen, Thomas Hoffman and Patrick Thibodeau | 18 November, 2008 08:56

  The drumbeat of economic bad news louder in the IT industry last week, as Intel reduced its fourth-quarter revenue forecast by as much as 20 percent and Sun Microsystems announced plans to lay off up to 18 percent of its workforce.

• With Sun's job cuts, tech sector layoffs in '08 hit 140,000

  By Patrick Thibodeau | 17 November, 2008 08:50

  The economic downturn that has resulted in tens of thousands of layoffs in the housing and financial services sectors is now bearing down on the tech industry. The job cuts announced by Sun Microsystems on Friday are only the latest in the growing toll.