Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this year

Sony reports $1B annual loss; sees more red ink

TOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.

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Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this year

Sony reports $1 bln annual loss, sees more red ink

TOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.

Full article (543 words) »

Sony battles global electronics downturn, strong yen in expecting first net loss in 14 years

Sony expects first loss in 14 years amid downturn

TOJYO — Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key developments and analyst opinion related to the period.

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Toyota projects losses because of weak sales, strong yen as auto industry reels

Toyota projects losses on weak sales, strong yen

TOKYO — Toyota Motor Corp., the world’s top automaker, reports earnings for the fiscal fourth quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.

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Electronic Arts posts smaller 4th-quarter loss despite sales slump as costs decline

EA posts smaller 4Q loss as costs decline

NEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.

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Electronic Arts posts smaller 4th-quarter loss, lower revenue

Electronic Arts posts smaller 4Q loss

NEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches.

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Japan Stocks Plunge into Deeper Worries! Mitsubishi, Toyota Unsettled

Japan MarketsJapan stocks tumble on renewed bank fears

TOKYO — Japanese stocks tumbled Tuesday, with investors rattled by a blowout in problem loans at a major U.S. bank and an unsettling production outlook for Toyota Motor Corp. The benchmark Nikkei 225 stock average declined 213.42 points, or 2.4 percent, to 8,711.33 — its lowest closing level in two weeks. The broader Topix fell 2.1 percent to 830.72.

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Pandit’s Citi, Sanjay Jha’s Motorola among top losers

WASHINGTON - Citigroup led by Indian-American chief executive Vikram Pandit and Motorola, headed by Sanjay Jha also of Indian origin, figure in the Fortune 500 list of firms posting some of the biggest losses last year.

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Top 30 Travel Gadgets

express_travel_incGadgets are indispensable part of traveling whether you are traveling for business, pleasure or both. Some of them are necessary to help you get out of trouble and some are for entertainment. Here is a list of top 30 travel gadgets which you mustn’t miss when you’re getting out of home.
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Top 10 Flash Drives

solid-gold-diamond-set-4gb-usb-flash-driveFlash Drives serve many a purposes in modern days. Apart from being a storage device they give a good amount of security over data which makes them more useful. Though they are available with bigger storage capacities like 32 GB or 64 GB, they prove to be costly in terms of cost per GB storage if compared to the External Hard Disks. But the flash drives are more rugged than hard drives and can handle little drop-offs. What are the best flash drives that are reliable, have a handsome storage capacity and speed and yet does not cost too much? Take a look at the list of top 10 among them.
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