economic downturn

Bye-Bye, Dubai

Not long ago, Dubai emerged as a symbol of crazed civic ambition, a once-quiet desert burg suddenly superheated by cheap capital. That's over.READ»

Sony To Shed 8,000 Jobs As It Feels the Economic Pinch

The faltering gobal ecomony has affected a pretty big target today--Sony [SNE] has announced a number of measures designed to "strengthen its corporate structure and bolster profitability across the Sony Group." Read: cut costs ...READ»

Cisco's CEO John Chambers On How to Weather the Downturn

"If you watch what is occurring today, people are acting like the sky is falling," says Cisco CEO John Chambers. But he has learned through numerous economic downturns -- he cites 1993, 1997, 2001, and 2003 -- that it's entirely possible to come out stronger than you were before. "Every time, we have gained market share, and two years later, our customer and employee satisfaction was greater," he says. Here's his advice for facing tough times.READ»

• How Cisco's CEO John Chambers is Turning the Tech Giant Socialist

Personal Empowerment in Difficult Times

Most people would be amazed at how much we can really do ourselves if we only take the opportunities in front of us. You don’t have to know all the answers, but if you keep asking the questions, you will get closer. This is ...READ»