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ST-Ericsson To Lose 1,600 jobs

Closed Sign

ST Ericsson, the mobile chip joint venture, is to close with the loss of 1,600 jobs in Sweden, Germany, India and China, having been crushed by competition from Asian chipmakers and the collapse of Finnish phonemaker Nokia's smartphone business.

Electronic Arts CEO John Riccitiello Resigns


Video game giant Electronic Arts has announced that CEO John Riccitiello is to resign from the company. In a letter to chairman of the board Larry Probst, Riccitiello conceded that forthcoming quarterly results are likely to fall short of expectations and that he is, "100 percent accountable".