Tag Archives: cuts

WHAT HAPPENS IF RUSSIA CUTS ITSELF OFF FROM THE INTERNET

THE WORLD’S INTERNET infrastructure has no central authority. To keep it working, everyone needs to rely on everyone else. As a result, the global patchwork of undersea cables, satellites, and other technologies that connect the world often ignores the national borders on a map. To stay online, many countries must rely on equipment outside their own confines and control. Nation-states periodically attempt to ... Read More »

Apple downplays last week’s reports of iPhone XR’s production cuts

In an interview with CNET, Greg Joswiak — Vice President of Apple’s product marketing made a comment about the ongoing sales of the latest entry-level iPhone offering from Apple. Carefully worded, he said that the iPhone XR “has been our most popular iPhone each and every day since the day it became available.” This comes just a week after The ... Read More »

Apple Supplier Murata Says iPhone X Output Target Cuts Overstated in Report

Japan’s Murata Manufacturing Co, which supplies components for the iPhone X, has not seen its orders drop commensurately with the sharp fall in the iPhone X production target stated in a report, a senior Murata executive said. Apple will halve its iPhone X production target for the first three months of the year to around 20 million units, the Nikkei reported on Monday, sending ... Read More »

Caterpillar cuts Q1 earnings, revenue guidance

Justin Sullivan | Getty Images The CAT logo is displayed on Caterpillar construction equipment. Caterpillar on Thursday cut its first-quarter earnings and revenue guidance, but said it remains comfortable with its prior full-year forecast. Shares of Caterpillar fell more than 3 percent in premarket trading on the news. (Get the latest quote here.) The world’s largest construction and mining equipment ... Read More »

Valeant cuts 2016 revenue forecast

Shares of Valeant Pharmaceuticals tumbled on Tuesday after the company cut its 2016 revenue forecast by about 12 percent and said a delay in filing its annual report could pose a debt default risk. The stock closed down more than 51 percent on Tuesday. One of its big investors, Bill Ackman, said he is still confident in Valeant and he ... Read More »