Cloudy

53°F

Shelton, WA

Cloudy
Humidity: 93%
  • Green Diamond Makes Large Land Buy In Ore. - Hires Manager

    GDRC-ORG-BuyElsbreeGreen Diamond Resource Company President Douglas Reed today announced that the company has purchased approximately 600,000 acres of timberland in South Central Oregon from JWTR LLC of Klamath Falls, Ore. With this acquisition, Green Diamond Resource Company owns and manages over… Read More +

  • 1
  • Boeing Delivering 747-8 To Air China

    Boeing747-8Boeing is delivering a 747-8 Intercontinental to Air China on Monday in Everett. The company says Air China is the first carrier in Asia to operate the Intercontinental, its longest passenger jet. The airline has ordered five of the jetliners to… Read More +

  • 1
  • High School Football Scores

    football highschoolOlympia 38, Timberline 6 - Ingersoll Stadium. Blazers (1-1 4A Narrows, 2-2 overall); Bears (2-0 4A Narrows, 3-1 overall). Olympia: Isaiah Brooks – 130 yards rushing, 3 TDs; Kaden Wilson – 2 TDs (1 rush, 1 pass).

    Read More
  • 1

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

  1. Environment
  2. Recreation

Tweets

LaceyPolice
LaceyPolice - Glen Mary Dr SE. Yes alcohol was a factor! Please don't drink and drive. pic.twitter.com/ax5NEOS6Vo

8 hours ago

Seahawks
Seahawks - Rumor had it @Kam_Chancellor had ankle surgery over the bye. He didn't and might not. shwks.com/wrjh

9 hours ago

BvuePD
BvuePD - I allegedly stole items from Best Buy and then scratched an employee's face with pliers when confronted. Who am I? pic.twitter.com/bgQqkGciFu

10 hours ago

kingcosoPIO
kingcosoPIO - Driver in Covington theft dies and three others injured after brief pursuit and collision with another vehicle. pic.twitter.com/2gFohDlGtC

10 hours ago

Public Notices