Roundup: Job report hurts stocks, BlackBerry reviews surface and more
Here’s the latest action:
Increase in joblessness spurs stock decline — After the Labor Department reported that applications for jobless benefits exceeded expectations, the Dow fell more than 80 points.
Reviews surface on BlackBerry Storm — CNET’s verdict: The touchscreen is nice, but corporate users are better served by the BlackBerry Bold.
AT&T funds privacy nonprofit — The Future of Privacy’s backing from the telecom giant is just one reason why GigaOM’s Stacey Higginbotham is skeptical that the nonprofit group actually… Continue Reading
Roundup: Virgin Mobile absorbs Helio, Kindle for students, and more
Mobile voice network operator Virgin Mobile USA has finished absorbing rival Helio — We heard a rumor, more than once, that “massive firings” were being considered, but Virgin Mobile tells us that this won’t happen. Instead, some employees have been “rebadged” to work at its IT partner, IBM.
Amazon is developing a student version of electronic book-reading device Kindle — The question many students surely want to know: Will electronic textbooks on Kindle be any cheaper than the… Continue Reading
Virgin Mobile may cut 300 jobs, as yet another MVNO reels
updated
Virgin Mobile, the first company to prove you could offer wireless service to people for a profit using other carriers’ infrastructure, may soon announce up to 300 layoffs.
Virgin Mobile USA’s management is mulling the plan, given the deterioration of its business outlook. If implemented, the cuts would impact jobs in the company’s Northern California operations the most, VentureBeat has learned. A few marketing and sales jobs may be cut at the company’s New Jersey headquarters…. Continue Reading