Zynga, Electronic Arts Shutting Down Games on Facebook

Zynga closes PetVille, Mafia Wars 2, ForestVille, Vampire Wars and Indiana Jones Adventure World, while Electronic Arts chops Monopoly Millionaires and World Series Superstars.

HP Brings Curtain Down on Annus Horribilis Fiscal 2012

Is it over yet?

See You in Coach, RIM!

With its shares trading at eight-year lows amid dwindling sales and falling revenue, Research In Motion is getting creative with its cost-cutting measures.

Myspace Mulls Significant Layoffs, With Potential Sale Looming

Myspace–the long-troubled social networking site turned social entertainment hub–is in the midst of planning that could soon result in significant layoffs of its staff, according to multiple sources. The cost-cutting comes against a backdrop of a possible sale of the News Corp.-owned unit.

Time Inc. Publishes Good News: Ad Dollars, Subscription Revenue Up

Maybe the magazine business really did touch bottom last year. At least at Time Warner’s giant Time Inc. unit: The publisher says ad revenue and subscription dollars actually increased in the first three months of 2010.

Ad Sales, Pay Walls, and Absolutely Nothing About iPads at the New York Times Earnings Call

The New York Times said things got better–or, if you like, no worse–during the last quarter of 2009. But investors are disappointed that the publisher isn’t more optimistic about 2010, and they’re pushing shares down this morning. Let’s see if the paper’s executives can turn that around during their earnings call.


Cost Cutting Pays Off at Sony

After enduring several painful quarters of restructuring, Sony Corp. posted its first quarterly profit in a year and narrowed its full-year loss projections. The company also reaffirmed that its cost-cutting measures should finally deliver profitability at its closely watched electronics and videogame divisions.

Nokia Pushes Smartphone Share Back Up to 40 Percent

Painful as it was, Nokia’s savage cost-cutting is clearly paying off. This morning, the company posted a stronger-than-expected 65 percent rise in fourth-quarter net profit on rising handset sales–smartphone sales in particular.

Ericsson Posts Q4 Layoff Surplus

The 5,000-plus layoffs Ericsson announced in 2009 evidently didn’t pare the company’s costs as much as the company hoped. Ericsson said Monday that it plans to sack another 1,500 employees this year as it steels itself to compete in a tough market.

Sony Ericsson to Sack 2,000

Sony Still Losing Steam

SAP, the "S" is for "Sack"