Business

Ericsson to cut 8,500 jobs worldwide

Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.

Business

Google affiliate abandons futuristic neighborhood project

A Google affiliate on Thursday abandoned plans to build a futuristic neighborhood on Toronto's lakefront that was to include robots for delivering mail and collecting garbage, citing economic uncertainty.