AP - Google Inc. has jettisoned a substantial number of temporary workers in a recent austerity drive spurred by the recession, although the Internet search leader still intends to spend billions of dollars during the next two years on product research, development and acquisitions.
AP - As he's done for the last decade, Apple Inc. Chief Executive Steve Jobs took home his customary $1 annual salary in 2008, but the economic meltdown and Apple's falling stock price whacked half a billion dollars off the value of his personal holdings in the company.
AP - Lenovo Group said Wednesday it will lay off 2,500 workers, or about 11 percent of its work force, as part of a plan aimed at helping the computer maker remain competitive amid the global economic downturn.
Reuters - Time Warner Inc estimated a fourth-quarter loss after a $25 billion charge, largely related to the depressed value of its cable assets, and said advertising at its AOL and publishing units were weaker than expected.