downturn

The United Nations says the world economy faces its worst downturn since the Great Depression.

Hewlett-Packard’s fiscal fourth quarter didn’t offer up many surprises given the company preannounced the results along with its outlook.

But there were more than a few notable nuggets that indicate where tech demand is heading. Here’s a look at the top five takeaways from HP’s earnings report (Techmeme, SeekingAlpha transcript): 1.

Mozilla’s 2007 annual report reveals a foundation that’s well funded–primarily by a Google search deal–and can weather a downturn.

Nevertheless, 2008 is going to be a different story as Mozilla’s portfolio has taken some big hits. In 2007, Mozilla had revenue of $75 million, up 12 percent from 2006.

Most of that revenue comes from Google.

Building materials firm Wolseley is to cut 2,300 more jobs, the majority in the UK, as the housing downturn continues to bite.

A report released today by research firm voke, Inc. makes a point that probably shouldn’t need to be made these days - but, given the economic climate, it’s probably not a bad idea to say it anyway.

Resist the IT downturn slash.

Investors returning to work Monday face what is expected to be a weeklong display of the depth of the downturn - a torrent of bad economic news.

German industrial conglomerate Siemens AG posts a 46% increase in annual net profits despite the economic gloom.

A downturn can be a great time to become an entrepreneur - but only if you're prepared, financially and emotionally, to wait out the economic turmoil.

Global shares fall sharply due to renewed concerns that the world economy is facing an extended downturn.

The Labor Department reports that the nation's unemployment rate rose 6.5 percent last month. The number of jobs lost were a lot higher than expected.

The report indicates that the downturn in the economy this year has been even deeper and more dramatic than most economists had expected.

The jobless rate is at a 14-year high.