Struggling Nokia to Cut 10,000 More Jobs
Cellphone maker Nokia announced it will lay off another 10,000 workers by the end of next year as the company continues to fall behind in the global smartphone war.
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Today in show business news: Here's our first look at the old Oscar winners in Vegas comedy Last Vegas, HBO is heading to Silicon Valley, and The CW is trying to figure out Wonder Woman.
Cellphone maker Nokia announced it will lay off another 10,000 workers by the end of next year as the company continues to fall behind in the global smartphone war.
Vanilla cable news channel CNN is ceaselessly derided for its rock-bottom primetime ratings and gimmicky presentation but the middle-of-the-road network is actually a profit-generating behemoth.
JPMorgan Chance CEO Jamie Dimon didn't say much that was unexpected during his Senate testimony today, but like most people talking in front of cameras these days he probably hopes that a few of his words aren't someday used against him.
If you haven't yet read Mike Giglio's story in NewsBeast about the investigation into Piers Morgan's stock scandal in 2000, you should, if only to read the first few paragraphs about how terrified the then newspaper editor was about bad press and an investigation.
This morning we were greeted by some pretty dismal retail sales figures, but according to Yahoo's Daniel Gross, you shouldn't fret just yet.
The CEO of JPMorgan Chase will testify before the Senate Banking Committee on Wednesday, where he will apologize for losing $2 billion in shareholders' money, while simultaneously trying to convince lawmakers that it wasn't that a big deal.
The Wall Street Journal reports the Justice Department is investigating whether cable companies have been unfairly working to regulate Internet consumption to prevent people switching from cable to online video.
Go Daddy announced they've hired an advertising company for the first time in seven years so they can move away from the advertising style that made the company famous, but so many people hated.
In the end, it wasn't the sex with a source but the admission she shared unpublished stories with him that caused Wall Street Journal reporter Gina Chon to resign from the paper.
When we heard that the Pulitzer-winning New Orleans Times-Picayune would be cutting back to three days per week, we knew that cuts were on the way. Today, we learn that half one-third of its staff will be losing their jobs, and they're in meeting rights now finding out who's getting the axe.
People who own iPhones are "in a cult." Android users have "slightly larger than average heads." These were some of the assumptions explored by Queena Kim in a segment that aired Monday on American Public Media's Marketplace.
Paul Krugman on Europe, Niall Ferguson on the future, E.J. Dionne on government, The Wall Street Journal on bailouts and Juan Williams on Obama's playbook.
Following Google's announcement of its enhanced maps last week, we expect Tim Cook will counter-back during his keynote today at the World Wide Developers Conference.
Joy Behar's going to be back in charge of her own show as early as next week, when she takes over Elliot Spitzer's time slot on Current TV while the Viewpoint host goes on vacation.
When news broke that Commerce Secretary John Bryson was involved in two car crashes just minutes apart this weekend, Karl Rove's Super PAC American Crossroads clearly felt the news gods were shining upon it.
Some sad news this morning: Good Morning America's Robin Roberts has announced that she'll need a bone marrow transplant because she's suffering from a rare blood disorder that is reportedly a complication from her breast cancer treatments five years ago.
The story that Dylan Ratigan was going to leave MSNBC after three years on the network was a good scoop for The New York Times' Brian Stelter, but it's frustratingly incomplete because Ratigan has only vaguely hinted at what he'll do next.
Politico executive editor Jim VandeHei told the New York Times the site is adding 40 employees in coming months: 20 journalists (reporters and editors) and 20 on the business side. He wants the new staff in place by September.
Global markets are doing great on Monday morning after Spain agreed to a 100 billion euro bailout package, but it may only be a temporary oasis before reaching Europe's next crisis point.
If you had the opportunity to sit down and have lunch with Warren Buffett, what would you ask him? Turns out, most don't even ask about investing.
We've finally got our first real look at the financial implications of potential Triple Crown winner I'll Have Another's withdrawal from the Belmont Stakes.
CNBC's John Carney must have an iron liver. How else could he elicit so many embarrassing comments from so many Wall Street types about their summers not spent relaxing in the Hamptons.
The acquisition rumors from March are back, and if they're true it looks like CNN's finally closing in on a purchase of technology news site Mashable.
Dear future journalists of America: If you're sleeping with the next ambassador to Iraq, it's not a good idea to use your company email to discuss "blue balls," masturbation, and sexual favors.
Car Talk is such a dad show, so hosts Tom and Ray Magliozzi could have picked a more sensitive time to announce they're going to end it than shortly before Father's Day.
Bouncing checks is a big business. How big? Courtesy Pew Charitable Trust's update on hidden risks of having a checking account, Americans spent $29.5 billion in overdraft fees alone in 2011.
Paul Krugman on Reagan, Robert Satloff on Syria, Peggy Noonan on Obama, Jonathan Chait on Romney's money, and John Yoo on drone strikes.
Today in books and publishing: Animating the books in Moonrise Kingdom; Barnes & Noble fights back against the government's e-book settlement; a familiar cover design hits the Vice fiction issue; why we need to read books on the subway.
There's a summer theme on the social media ranks with companies like Daimler and Volvo taking their new models out for test drives and road trips, while Carnival Cruises and some German company (we'll explain later) banked on your summer vacations.
The author and critic confirms he'll be taking over the column after Ariel Kaminer left the post in April, saying, 'this is a job I've wanted for 10 years.'
Walter Russell Mead on the Wisconsin recall, Alec MacGillis on union power, Sohrab Ahmari on Ray Bradbury, John Nagl on modern warfare and Michael Kinsley on banning soda.
Thanks to their network of oxycodone-dispensing pain clinics, Christopher and Jeffrey George amassed $40 million in cash in just over two years, and came close to avoiding a federal indictment despite their 56 overdosed customers.
Valérie Trierweiler, partner of Francois Hollande, France's new president, has decided to keep her job but switch from reporting on politics to writing art and book reviews to avoid a conflict of interest. But people still think she could have too much clout even as a critic.
After last month's annoyingly high unemployment report, the news that first-time unemployment benefits claims fell by 12,000 last week is a move in the right direction, albeit a modest one.
Imagine the dismay of pubescent males everywhere when Arianna Huffington told The Guardian today that her site's new Sideboob vertical is actually just a joke.
For a brief period following Facebook's disastrous IPO, the NASDAQ itself was one of the few companies to make money on it, but now the exchange has agreed to pay out $40 million to financial firms, including the $10.7 million it made on the launch.
If you're an aide to that "mild mannered ophthalmologist" Bashar al-Assad, who's ruling that bloody murderous mess that is Syria, your best bet getting out of the country and into a cushy Ivy League grad program is apparently Barbara Walters
For those of you still lamenting the loss of GOOD, we caught up with a few of its fired editors who talked about their new project on the horizon and how GOOD is poised to become more like Reddit and less like a magazine.
Following Facebook's IPO disappointment and subsequent stock market fizzle, the rest of Silicon Valley has started to feel the after-shocks, furthering our suspicions that this is a very selfish social media bubble.
The latest round of layoffs at Goldman Sachs was small, just 50 staffers, but it was notable for who got cut: not rank-and-file workers but some people with big titles and, of course, big bonuses.
Facebook has gotten nothing but grief since going public last month and now a user poll is adding to the misery with more evidence that their ads don't work and user engagement is going down.
Roughly 300 New Orleanians packed into a parking lot Monday evening to express their frustration with the recent announcement that Advance Publications, Inc, owner of the city's Pulitzer-winning newspaper, The Times-Picayune, would cut the paper's print circulation down to three days a week and dramatically shrink its newsroom.
In five days, GOOD went from being a media darling to the media's latest jerk when the company laid off most of its editorial staff. Just what happened to the do-gooder publication is still pretty murky.
We never thought we'd see the day when pictures of Prince Harry being drunk or a "Sick Nazy Orgy With 5 Hookers" would be held up as a sterling journalistic success, but declining circulation numbers at the Sunday Sun are that bad.
In his profile of New York City Mayor Michael Bloomberg's media empire, New York magazine's Gabriel Sherman explains the stat-based credo Bloomberg's journalists follow, what their bosses want, and perhaps more importantly, what he doesn't want.
American Apparel could lose the one thing that lets us forgive it for usually being so icky. In an L.A. Times article, Dov Charney conceded the company might have to move its manufacturing operations overseas.
A day of bad economic news dragged the stock market to its worst performance of the year, completely erasing all the gains it had made in all of 2012.
Would you trust your e-reader to re-edit Tolstoy? As Fast Company's Neil Ungerleider reports, bloggers discovered that Barnes and Noble's Nook readers contain a universal find-replace on the word "Kindle,"substituting it with "Nook" in War and Peace.
As of now, it's still unlikely that this will translate into action, but Warren Buffet responded to an open letter from a New Orleans musician to say, "Naturally I've been following the Times-Pic situation with interest." With interest!
The task of trying to estimate the tab News Corporation will have to pick up by the time this phone hacking mess is all over just got a bit easier as The Wall Street Journal reported Friday that lawyers expect the company to face 500 legal claims in total.
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