Stocks edged lower on Monday as corporate results from companies, including Verizon and Honeywell International , failed to entice investors following two weeks of gains that lifted all major indexes about 11 percent.
BlackBerry maker Research In Motion has held talks with Nortel Networks on buying next-generation wireless patents that were not part of Nortel's $1.13 billion wireless asset sale on the weekend, a source familiar with the situation said on Monday.
Telecoms equipment maker Ericsson said on Monday it expected the wireless business set to be acquired from Nortel to produce a double-digit operating margin this year.
BlackBerry maker Research In Motion has held talks with Nortel Networks on buying next-generation wireless patents that were not part of Nortel's $1.13 billion wireless asset sale on the weekend, a source familiar with the situation said on Monday.
Cost-cuts helped RadioShack Corp beat estimates in the second quarter, but its shares fell 8 percent on fears the electronics retailer might not be able to sustain profits by merely controlling expenses.
Verizon Communications Inc posted a lower quarterly profit and said it would cut 8,000 jobs in its wireline business, as weakness in wholesale and corporate segments overshadowed wireless growth.
Honeywell International Inc is counting on the payoff from cost cutting to boost its fourth-quarter results and allow it to hit its lowered 2009 profit target, the diversified U.S. manufacturer's chief financial officer said on Monday.
Diversified U.S. manufacturer Honeywell International Inc reported a 38 percent decline in earnings as a slump in the aviation and construction markets eroded demand for its products.
RadioShack Corp reported a higher-than-expected quarterly profit on lower costs and improved sales of netbooks, prepaid wireless handsets and digital televisions, and the retailer's shares rose 4 percent.
RadioShack Corp reported a higher-than-expected quarterly profit on Monday, boosted by lower costs and improved sales of netbooks, prepaid wireless handsets and digital televisions.
Apple Inc and four record labels are working on a plan to increase digital sales of albums, while the computer maker is also separately developing a tablet-sized device, the Financial Times reported on Sunday.
Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp, paying $1.13 billion for the crown jewels of the one-time Canadian telecom star.
Phone maker Ericsson AB has won the auction for part of bankrupt Nortel Networks Corp's wireless unit with a bid of $1.13 billion in cash, the companies said today.
Advanced Micro Devices Inc spinoff Globalfoundries began building a $4.2 billion chip manufacturing facility in upstate New York on Friday, as it gears up to take on the likes of TSMC .
Nortel Networks Corp, a former Canadian tech icon with roots going back to World War One, started selling key assets on Friday in an auction process that has already polarized opinion and sometimes reads like a soap opera.
Palm Inc has fired another volley at Apple Inc in their smartphone war, as the two rivals tussle over whether iTunes should be compatible with Palm's new Pre smartphone.
Palm Inc has fired another volley at Apple Inc in their smartphone war, as the two rivals tussle over whether iTunes should be compatible with Palm's new Pre smartphone.
Samsung Electronics , the world's biggest maker of memory chips and LCD screens, joined other top tech names to rein in growing optimism over the sector's recovery, even after delivering best quarterly profit in 2- years.
Samsung Electronics , the world's top maker of memory chips and LCD screens, posted its best quarterly profit in 2-½ years thanks to a turnaround in its memory chip business but maintained caution for the rest of the year.
Samsung Electronics , the world's biggest maker of memory chips and LCD screens, joined other top tech names to rein in growing optimism over the sector's recovery, even after delivering best quarterly profit in 2- years.
Sony Corp will likely invest more than 100 billion yen ($1.1 billion) in a planned liquid crystal display TV panel venture with Sharp Corp, the Nikkei business daily reported on Friday.
Sony Corp will likely invest more than 100 billion yen ($1.05 billion) in a liquid crystal display TV panel joint venture to be formed with Sharp Corp, the Nikkei business daily reported on Friday.
