Tag archive: economy

With all the gloomy news regarding the economy doing the rounds these days, it’s good to hear that there are some industries doing well. For example, research sponsored by TechNet, a group of bipartisan business executives from the tech world, has revealed that America’s app economy currently accounts for nearly half a million jobs. Not bad for an industry that didn’t even exist before 2007, when Apple’s app-hungry iPhone was introduced to the… Read More

The leaders of the G8 countries joined with leaders of the increasingly essential Internet economy this week for the first-ever eG8 conference in Paris, France, to discuss the future of the Web and its role in the offline world. The eG8 was organized by French President Nicolas Sarkozy, who today delivered the opening keynote and discussion at the conference. Other speakers at eG8 include Google chairman Eric Shmidt, Facebook co-founder and CEO… Read More

The tech downturn is over and a recovery is on the way after a “dismal” 2009, as companies resume spending on computers and software, according to a new analysis. Forrester Research Inc. was set to report Tuesday that it expects global spending on technology products and services to grow 8.1 percent in 2010, to more than $1.6 trillion. U.S. spending is expected to rise 6.6 percent, to $568 billion.

As retailers anxiously await Black Friday to get a feel for how the current state of the economy will affect consumer spending this season, the major research group NPD has predicted the crunch will be especially hard on tech companies. A new study released by the company on Tuesday shows consumers planning to cut back on high-end gadgetry due to fears of hard times ahead. In a sample of 800 consumers interviewed in late… Read More

Xerox made a third quarter profit of $258 million, but has been pushed into a reorganization plan by the worsening economy. As part of that, the company will lay off 5% of its staff, which will translate into around 3,000 job cuts. Xerox CEO and chairman Anne Mulcahy said: "To better align our operations with these changes, we’re accelerating actions to reduce our cost base and drive operational improvements across the board,… Read More