Intel & IBM Disappoint Investors
The global economic slowdown is prompting companies to curtail technology spending and pushing consumers to favor mobile devices like Apple Inc.’s iPhone over personal computers, eroding profitability at Intel Corp. and trimming sales for International Business Machines Corp.
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Woolworths Shakeup: Company to Cut 500 Jobs
28:18 - Woolworths announce cuts of up to 500 jobs and booked pre-tax charges of almost A$1B. Bloomberg's Paul Allen reports on "Trending Business." (Source: Bloomberg)