Equimark reported a $31 million loss for the first half of this year and last week it suspended its quarterly dividend.

The company also said it had suspended its quarterly dividend and would eliminate 1,800 jobs.

The company, which suspended its year-end dividend as expected, said sales fell 7.8 percent to 1,200 billion yen in the same period.

The company also announced a $1 billion share buyback and suspended its dividend.

Last month it suspended its quarterly dividend of 10 cents a share on common stock.

Nortel also plans to cut 10,000 jobs around the world, close some units and suspend its dividend.

The utility also agreed to suspend its dividend on common stock, which had been $1.20 a year per share, paid quarterly.

The company said on Wednesday that it had stopped its efforts to find a buyer and suspended its dividend.

Corning said earlier this month that it would suspend its dividend to shareholders for the first time since 1880.

The company suspended its dividend on August 12.