economic crisis

House: You Will Go Digital on Feb. 17 and You Will Like It

John Paczkowski in News on January 28, 2009 at 2:37 pm PT

Looks like the transition to digital TV will happen on Feb. 17 whether you like it or not. The U.S. House of Representatives today defeated a bill that would have delayed the nation’s switch to all-digital television by four months.

Adobe Announces Crash® CS4 Professional

John Paczkowski in News on December 3, 2008 at 2:56 pm PT

Well, no wonder Adobe won’t have an exhibition booth at Macworld Conference & Expo 2009–the company seems to be sacking employees who might have otherwise staffed it.… Citing the standard litany of economic tribulations, Adobe Wednesday reduced its fourth-quarter outlook and said it will cut 600 jobs around the world–about eight percent of its workforce.

WaMu: Epic Bail

John Paczkowski in News on September 26, 2008 at 12:37 am PT

Add Washington Mutual to the list of troubled financial institutions felled by the current economic crisis. The lender was seized by federal regulators on Thursday night and sold to JPMorgan Chase for $1.9 billion in the hopes of preventing further damage to the country’s hard-hit economy.