When the global financial markets began to collapse in 2007, everybody turned on the banks and bankers — and they haven't stopped since. But one of the culprits was a humble piece of mathematics: the Black-Scholes equation.
Japanese workers are so desperate for work that many are traveling to devastated areas of the country to find employment in the risky field of radiation cleanup.
Monster Cable, purveyors of grossly overpriced products, feel your pain during these tough financial times. That's why they are reducing their ridiculous prices to slightly less ridiculous prices during the recession.
A Pew survey back in 2006 showed what Americans felt were their necessary luxuries (car, TV, air conditioner, computer). That survey was recently re-done, and tech showed surprising strength despite the economy.
Apple's financials looked pretty spectacular this quarter, with a total profit in excess of $1.2 billion despite the gruesome economy. They also exceeded expectations for iPod and iPhone sales, laptop sales, and layoffs. Wait, what?
Microsoft watcher Ina Fried reports that the company won't be taking back severance "overpayments", even though it confirmed it did ask for them initially. The truth is, despite numbers reported in the thousands, only 25 people were overpaid, somewhere between $4000 and $5000, according to Microsoft HR head Lisa…
What's the best way to create an HR firestorm in three easy steps? If you're Microsoft, layoff 1,400 employees, give them severance on the way out, and then ask for part of it back.
In a time when we're hearing bad news coming from basically every company out there, Sony's 4th quarter numbers are a notch below the rest: a 95% drop in profits.
Remember when Howard Stringer said that he "wasn't recession proof" at this CES keynote? Yeah, he wasn't joking. Sony is about to post its first loss in 14 years, and it's a doozy.
Google has figured out that it can save money by getting product ideas from users rather than engineers. After all, you can't pay engineers in "shout outs" on their blogs like they're offering for users.
Analysts knew it would be bad, but not this bad. Retail sales this year are down 5.5% in November and 8% in December overall, but electronics specifically fell by an astounding 27%.
The economy sucks. Even if the government is still afraid of the "r word," real people know we're living in recession land. That means cutting back: Wal-Mart is even launching quasi-permanent recession sales. Usually, the first stuff to go is whatever doesn't go in our mouth or keep us dry—like gadgets. So here's the…