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In the wake of layoffs, people wring their hands and think that the sky is falling. Sometimes historical perspective can be useful, and as a report from outsourcing firm Challenger, Gray & Christmas notes, as bad as it seems now, it's been far worse.
Nintendo's latest results show that it continues to dominate its gaming competition, in units. But net income is down and a modified forecast shows that even the Wii will face challenges. [caption id="attachment_711" align="alignright" width="240" caption="Nintendo goes Wii, Wii, Wii, all the way h...
Sony has just released its unaudited results for its third quarter ending December 31. While PS3 software unit sales was a slight bright spot, overall the news is pretty bad, due to worldwide PS3 sales trailing Nintendo's Wii and Microsoft's Xbox, decreasing sales of PS2 and PSP hardware and software, and the strengthening of the yen against the euro and U.S. dollar.
Last week I mentioned how Cisco was entering the server market and how this was just the continuation of a diversification trend we've already been seeing. I also mentioned how more examples would be popping up. Another already has: HP is coming out with data switches built for datacenter applicatio...
In recent earnings announcements, the eyes have been on revenues and profits. Who has managed to keep ahead despite economic conditions, and whose star seems to have been waning? But given those very conditions, it may be that there's too much attention on earnings and not enough on cash, which is, after all, supposed to be king in bad times. But check a number of leading high tech companies and you'll find that more often than not they're already down on the money on hand from the same period last year.
T3 files EU complaint against IBM; Microsoft led a PR coalition to scuttle the Google-Yahoo deal; IP litigation drops in 2008, but anti-trust actions go up; Apple and Palm rattle sabers; Apple faces SEC probe; Apple agrees to settle iPod Nano scratch class action; and Limelight successfully defends Level 3 patent infringement suit.
A number of people criticized my previous piece on Sony's PS3 because I didn't have worldwide unit sales numbers. And that was fair (though some of those commenting clearly needed some warm milk and a rest), because you can't reasonable take U.S. sales to represent what the rest of the world might do. So I did some digging and found some numbers for Sony itself. Given that the company has also forecast overall unit sales through March 31, 2009, I think I've got a reasonable handle on just how many game consoles the company is selling. And I also came across some information that helps triangulate, and bring in to question, the spin Microsoft has recently put on the Xbox 360 unit sales.
By now you've probably already heard that Microsoft missed analysts' expectations and will cut up to 5,000 jobs. That's painful, though less severe than had been rumored. But when you look at the financial results, they suggest that Microsoft's real problem is on the desktop and online. Look at the...
The news that Cisco will push into the server market might seem like a big surprise -- and a big departure from its traditional base of networking equipment. But if you think about the direction computing is moving, it's not really surprising, and probably only one of a number of examples of radical diversification that will be coming in the next year or two.
It always seems presumptuous to sound a death knell for an enormous company. So perhaps this is more a bell closing round seven of a fight, but on the gaming front, Sony is looking bad. Really bad. And because of the company's overall financial position, it will take far more than posturing to keep the console division in the game at all.
Watching businesses at times is like sitting through a comedy. You see people doing something so obviously stupid, so clearly set to blow up in their faces, that you want to bury your face and say, "No, stop now!" But they don't and it does. This seems to have popped up in high tech with a ferocious...
EU tells Microsoft to decouple Internet Explorer from Windows; Dell settles with 34 states; Nortel files for bankruptcy, but some analysts think that it ultimately won't help; RealNetworks gets Friskit patents tossed; Global Crossing gives up and licenses Katz Technology patents; USPTO to reexamine TiVo patent; and Xpoint sues Microsoft, HP, and Intel.
The news that Steve Jobs will be taking an unexpected extended medical leave from his position as Apple's CEO is continuing the speculation of whether he'll be able to run the company again and what might happen to Apple as a result. The fascination in the technology world is understandable from one view, as Jobs is one of the personal computer's historic figures and great characters. But from another point, it's an unhealthy obsession and shows that industry maturity has a long way to go.
Century-old Nortel Networks, once a networking behemoth with a whopping market cap of over $300 billion, has filed for Chapter 11 bankruptcy protection. Nortel never recovered from dot-com bust. The aftermath included a devastating accounting scandal that resulted in the firing of CEO Frank Dunn an...
It's been clear that Google's focus on ad revenue is a potential weak point for the company and that it rightly continues trying to diversify its business. And the announcement that it will allow "technology solution providers" to resell Google Apps to businesses is just another example. But Google is about to find that working with a reseller channel is far more complicated, painful, and expensive than they have thought.
Iran shot down a U.S. fighter jet and one crew member was rescued by American forces as a search continues for a 2nd crew member, U.S. officials say.
U.S. officials confirmed that an F-15E fighter jet went down over Iran.
The photo shows the entire planet, as well as the Northern and Southern lights.
A key senator is demanding the TSA reverse its decision to let travelers keep their shoes on while passing through airport screening, a controversial policy at the center of a classified security warning.
The executive order is expected to increase the NCAA's control over college sports and threaten to remove federal funding for colleges and universities that don't comply with NCAA rules.
Supreme Court Justice Samuel Alito was treated for dehydration after falling ill at an event in Philadelphia on March 20, the court's public information office said.
Nearly a year after her husband Harold Allen died, Marsha Allen's Indiana home was burglarized. The burglar alleged her daughter, Ashley Jones, was behind it all.
A federal judge on Friday rejected efforts by the Justice Department to revive two subpoenas it served to the Federal Reserve.
Officials from 23 states and the District of Columbia filed a lawsuit seeking to block President Trump's executive order that aims to restrict mail voting.
Officials from 23 states and the District of Columbia filed a lawsuit seeking to block President Trump's executive order that aims to restrict mail voting.
Alan Hayward James, 51, pleaded guilty to conspiracy to commit wire fraud, bribery, and conspiracy to rig bids.
Supreme Court Justice Samuel Alito was treated for dehydration after falling ill at an event in Philadelphia on March 20, the court's public information office said.
Customs and Border Patrol agents were helping rescue two boaters whose vessel capsized when they themselves were put in danger.
A federal judge on Friday rejected efforts by the Justice Department to revive two subpoenas it served to the Federal Reserve.
The eye drops — sold under multiple brands — have been recalled over concerns about sterility, according to the FDA.
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
United did not say why it was raising its prices, but the move follows JetBlue also hiking its checked bag fees earlier this week, citing "rising operating costs."
Interest rates for a typical home loan jumped Thursday to 6.46%, the highest level since September 2025. House-hunters aren't pleased.
The coffee chain said it will also pay its workers weekly to provide more financial flexibility.
Officials from 23 states and the District of Columbia filed a lawsuit seeking to block President Trump's executive order that aims to restrict mail voting.
The executive order is expected to increase the NCAA's control over college sports and threaten to remove federal funding for colleges and universities that don't comply with NCAA rules.
Supreme Court Justice Samuel Alito was treated for dehydration after falling ill at an event in Philadelphia on March 20, the court's public information office said.
A federal judge on Friday rejected efforts by the Justice Department to revive two subpoenas it served to the Federal Reserve.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
U.S. immigration authorities followed "clues" shared by China's narcotics control commission to repatriate the fugitive, Beijing's public security ministry said.
The following is the full transcript of the interview with Archbishop Timothy Broglio of the Archdiocese for the Military Services U.S.A. a portion of which will air on "Face the Nation with Margaret Brennan" on April 5, 2026. The interview was taped on April 2, 2026.
Iran shot down a U.S. fighter jet and one crew member was rescued by American forces as a search continues for a 2nd crew member, U.S. officials say.
Experts don't expect military action soon. But actual regime change is complicated.
Mumford & Sons' new record, "Prizefighter," recently debuted in the top 10 of the Billboard Hot 200. The band spoke to Anthony Mason about their journey through the music industry, how they got their confidence back and the major collaborations on their new music.
A federal judge dismissed actor Blake Lively's sexual harassment claims in the legal battle between her and "It Ends With Us" director and her former co-star Justin Baldoni. Jericka Duncan has more.
Golf icon Tiger Woods told officers at the scene of a Florida car crash where he was arrested for DUI that he was "just talking to the president." It's unclear if Woods was referring to President Trump. CBS News' Nicole Valdes reports.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
President Trump's firing of Attorney General Pam Bondi is raising questions about their dynamic in the months prior. CBS News' Weijia Jiang reports.
A mother and daughter are accused of killing a man by poisoning his root beer float. CBS News' Peter Van Sant reports.
Golf icon Tiger Woods told officers at the scene of a Florida car crash where he was arrested for DUI that he was "just talking to the president." It's unclear if Woods was referring to President Trump. CBS News' Nicole Valdes reports.
Nearly a year after her husband Harold Allen died, Marsha Allen's Indiana home was burglarized. The burglar alleged her daughter, Ashley Jones, was behind it all.
U.S. immigration authorities followed "clues" shared by China's narcotics control commission to repatriate the fugitive, Beijing's public security ministry said.
The photo shows the entire planet, as well as the Northern and Southern lights.
The engine firing provided a slingshot-like boost to the Orion capsule, speeding it to 24,500 mph, the velocity needed to break free of Earth's gravitational clasp for a trek to the moon.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back.
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
White House press secretary Karoline Leavitt says President Trump has been briefed after an American fighter jet was downed in Iran. CBS News' Weijia Jiang reports.
Two U.S. officials tell CBS News that one crew member from the downed F-15E fighter jet has been rescued. CBS News' Aaron MacLean and Eleanor Watson report.
Iran state media is reacting to news of an American F-15 fighter jet downed in the country. CBS News' Charlie D'Agata and Courtney Kealy have more.
CBS News analysit Aaron MacLean, a former senior fellow at Hudson Institute, joins with more details on the F-15E fighter jet that was downed in Iran, sources say.
U.S. officials confirm to CBS News that an F-15E fighter jet was downed in Iran. A search and rescue mission is ongoing, sources say. CBS News' Elizabeth Palmer and Weijia Jiang report.