HP faces new class action lawsuit

HP faces new class action lawsuit

Consumer backlash over printer disabling sparks $5 million (€4.74 million) class action lawsuit in California. HP is facing a $5m (€4.74 million) class-action lawsuit in California over allegations that it used unfair practices to lock consumers into its controversial...
Ricoh struggles amid costly restructuring drive

Ricoh struggles amid costly restructuring drive

Ricoh’s growth defied challenges but profit took a serious hit as high restructuring costs eroded gains. Ricoh reported an 8.1% increase in overall sales for the half-year ended 30 September, reaching ¥1,202.5 billion ($8.04 billion/ €7.57 billion). However, profits...
Brother: Strong revenue growth amid profit pressures

Brother: Strong revenue growth amid profit pressures

Despite revenue gains, operating and comprehensive profits Brother struggles against rising costs and currency impact. The Japanese electronics firm reported a 6.9% rise in revenue, achieving ¥427.2 billion ($2.85 billion/ €2.70 billion), for the first half of its...