| Apple Execs Get Bonuses, Jobs Still at $1 Several senior executives at Apple Inc took home 2007 cash bonuses that doubled their salaries but Chief Executive Steve Jobs maintained his annual pay of $1 and took no additional compensation. |
| Motorola Forecasts Loss on Struggling Phone Biz Motorola said it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations. |
| Yahoo Plans to Cut Hundreds of Jobs: Source Yahoo is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said. |
| Fed Slashes Interest Rates The U.S. Federal Reserve slashed interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession. |
| Bill Would Help States Ditch Electronic Voting New Jersey Democrat Rep. Rush Holt recently introduced a measure that would provide financial relief for states that jumped into electronic voting only to find those systems increasingly unreliable. |
| Sprint to Cut 4,000 Jobs, Close 8 Percent of Stores Sprint Nextel, the #3 U.S. mobile service, will cut about 4,000 jobs and close 8 percent of its stores, predicting further pressure on its ability to attract subscribers and turn a profit in 2008. |
| IBM Growth in Americas Slower than Overseas IBM said that revenue from the Americas rose 5 percent, slower than other regions as overseas units showed the strongest gains, and said computer hardware sales declined. |