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  • Cannabis Industry Singled Out?

    mj indoorgrowMason County PUD#3's new rate schedules have members of the I-502 Industry concerned. The members feel they have been singled out, and will have the highest PUD electrical rate structure levied on them.  The I-502's are not asking for special treatment, just equal treatment given… Read More +

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  • Audit: Room For Improvement On Welfare Benefits

    olympiaA state audit of the Department of Social and Health Services' food and financial assistance programs to low-income residents found the state could save or recover an estimated $1 million in benefits paid out to people who are ineligible because they either make too much money… Read More +

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  • Sherman, Baldwin Dig At NFL In Press Conference

    lynchbaldwin nflWith the help of a cardboard cutout, the Seattle Seahawks' Richard Sherman and Doug Baldwin took digs at the NFL during a news conference on Tuesday after the league issued a $100,000 fine to teammate Marshawn Lynch for not speaking to the media. Sherman and Baldwin made mention of everything

    Read More
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BlackBerry to Lay Off 40% of Its Global Workforce

b_250_0_16777215_00_images_obgrabber_2013-09_8af3f95a99.jpgDenis Doyle/Bloomberg via Getty Images (NEW YORK) -- As thousands line up for Apple's brand new iPhone Friday, BlackBerry, once a leading mobile phone company, announced that it will lay off over 4,500 employees -- approximately 40 percent of its workforce. After reporting a surprise billion-dollar second-quarter loss, the company's stock fell more than 20 percent. Blackberry said in a statement it expects to report quarterly revenue of $1.6 billion compared with $3.04 billion that was expected.

"The latest new from Blackberry is yet another indication that the company desperately needs to find a new owner, the only hope for a turnaround," Patrick Moorhead, founder and principal analyst of Moorhead Insights, told ABC News. "They were late with mobile touch, a modern mobile operating system and an app store, and don't have the cash or the time to go after it alone."

The news, which was reported earlier this week by the Wall Street Journal, comes after a series of bad quarters for the company. While the company released its new 5-inch Z30 smartphone this week and its new BlackBerry 10 operating system in January, it has been struggling to keep pace with other phone makers. In the last quarter the company only shipped 2.7 million of its new BlackBerry 10 devices. Contrast that with Apple, which analysts expect could sell six million iPhones just this weekend.

The Wall Street Journal also reported last month that Blackberry's board was looking at alternatives for the company by November, including a possible sale. BlackBerry plans to release its once-popular BlackBerry Messenger or BBM for the iPhone and Android this weekend.

Copyright 2013 ABC News Radio

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