hhgregg Posts Dour Holiday Quarter Indianapolis Sharp declines in hhgregg's computer, tablet and TV businesses, and its exit from the mobile and fitness categories, led to lower sales and an $87 million loss for its fiscal third quarter. More »
Sears Cuts 115 Corporate Jobs Hoffman Estates, Ill. Sears Holdings has trimmed 100 positions at its headquarters complex here and 15 posts at other corporate support locations. More »
LG Tallies 28% Q4 Rise In Operating Profit Seoul, South Korea LG Electronics said Thursday that operating profit for its fiscal fourth quarter rose 28 percent from a year earlier to 275 billion won ($250 million), but price competition and exchange rate issues impacted the bottom line in the period. More »
Samsung Q4 Revenues, Net Down Seoul, South Korea Flat CE sales and falling mobile sales drove down Samsung's consolidated global revenues by 11 percent in the fourth quarter to 52.73 trillion won ($50 billion), and for the full fiscal year by 10 percent to 206.2 trillion won ($190 billion). More »
Intel Core vPro Processor Family Unveiled London Intel introduced Thursday a fifth-generation Intel Core vPro processor family designed to meet the more demanding wireless demands of the shifting business marketplace. More »
Onkyo, WOOX In Product Development, Distribution Deal Osaka, Japan - Gibson-owned WOOX Innovations teamed up with Onkyo, which is partially owned by Gibson, in a product-development and distribution deal that will focus initially on developing Onkyo-brand Bluetooth speakers and headphones. More »
Sony, Spotify To Offer PlayStation Network Service San Mateo, Calif. Sony Network Entertainment International (SNEI) and Spotify have entered a strategic partnership to deliver a new digital music service to the 64 million active users on the PlayStation Network. More »
Rockford Fosgate, Nissan Expand Partnership Tempe, Ariz. - Rockford Fosgate expanded its OEM relationship with automaker Nissan, which will include the autosound company's speakers and amps in the 2016 Titan XD pickup. More »