RadioShack Corp. notified about 400 workers by e-mail that they were being dismissed immediately as part of planned job cuts.
Employees at the Fort Worth headquarters got messages Tuesday morning saying: “The work force reduction notification is currently in progress. Unfortunately your position is one that has been eliminated.”
Company officials had told employees in a series of meetings that layoff notices would be delivered electronically, spokeswoman Kay Jackson said. She said employees were invited to ask questions before Tuesday’s notification on a company intranet site.
Jackson said the electronic notification was quicker and allowed more privacy than breaking the news in person.
“Verizon Communications Inc. said Wednesday that it was dropping a “supplier surcharge” on its high-speed Internet service for retail customers.
The decision comes less than a week after the Federal Communications Commission mailed a letter to the company asking that it explain the reasoning for the charge.
The dispute followed a decision by the government to stop assessing a Universal Service Fund charge on companies that offer digital subscriber line (DSL) Internet service. The companies had passed the charge, which subsidizes services in rural and low-income areas, on to their customers.
Consumer groups have accused the companies of replacing the dropped fee with a new charge rather than passing savings to customers.
“General Motors Corp. has decided to end its sponsorship of CBS’ hit series “Survivor,” but the world’s largest automaker said Wednesday that the decision had nothing to do with the reality show’s controversial decision to divide its contestants in the upcoming season by race and ethnicity.
GM spokeswoman Ryndee S. Carney said the company made the decision in the normal course of making its media buys months ago, before the show made its recent announcement.
“TiVo Inc. reported a quarterly loss that was seven times greater than the red ink a year ago, mainly because of hefty legal costs associated with a high-stakes intellectual property patent dispute.
In the three months ended April 30, the digital video recorder maker said Wednesday it lost $6.45 million, or 7 cents per share, compared with a loss of $892,000, or 1 cent per share, in the year-ago period. Revenue rose 50 percent to $59.2 million, from $39.3 million a year ago.
Despite the widening loss for its fiscal second quarter, the Alviso, Calif.-based company beat Wall Street’s expectations. Analysts were expecting a loss of $10.54 million, or 14 cents per share, on sales of $51.32 million, according to a survey by Thomson Financial.