SAN DIEGO (AP) -- Qualcomm Inc. said Tuesday it purchased some handheld graphics and multimedia technology assets from Advanced Micro Devices Inc. for $65 million in cash.
Qualcomm expects the transaction will reduce its fiscal 2009 pro forma earnings by about 2 cents per share but add to earnings by the second half of 2010.
DUESSELDORF, Germany (AP) -- Retailer Metro AG will cut around 15,000 jobs from its global work force amid the deepening economic downturn, company sources said Tuesday.
The reductions are part of a cost savings plan called "Shape 2012" also announced Tuesday morning, according to Metro sources that declined to give their name because they were not authorized to speak to the press.
Metro -- among the world's top five retailers by sales with some 300,000 employees at 2,200 stores in 32 countries -- may be better poised to weather an economic downturn than some competitors because of its varied retail and wholesale businesses which range from department stores to hypermarkets to electronics stores, analysts said. In 2008 the company reported revenues of euro68 billion.
TOKYO (AP) -- Mitsubishi Motors Corp. said Tuesday it will halt production at its biggest plant in Japan for three weeks in February to cope with mounting inventories of unsold vehicles amid a deepening global downturn. Japan's fourth-largest automaker said the move will affect its Mizushima plant in western Japan, which has annual production capacity of 600,000 units.
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