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News about economic downturn

Forrester: Tech spending downturn is over

The worst is over for technology spending and the sector is set to rebound this year, according to a new report from Forrester Research.
Gartner adjusts 2009 IT spend downward again

Gartner Tuesday released updated worldwide IT spending numbers that show the ongoing economic recession and declining revenues across all major segments of IT drove forecasts down 6% in 2009 to a total of US$3.2 trillion.
AOL to lay off 10 percent of staff

Time Warner's underperforming AOL Internet unit will lay off 700 employees, about 10 percent of its staff, a move it is taking in response to the global economic downturn.
Yahoo posts loss, revenue falls slightly

Yahoo recorded a loss and its revenue shrunk a bit in the fourth quarter, ended Dec. 31, 2008, the struggling Internet company said Tuesday.
Nokia's sales, profit and market share drop

Nokia reported fourth-quarter sales down about 19 percent year on year. The company sold fewer phones than a year earlier, and its market share also dropped, it said Thursday.

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