Japan's top chipmaker Toshiba posts record annual loss of $3.5 billionMay 8th, 2009 Japan's top chipmaker Toshiba posts record loss
TOKYO — Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Fairpoint Communications posts 2nd-quarter loss on hefty debt swap charges, lower salesAugust 6th, 2009 Fairpoint Communications posts 2Q loss of $17.8MCHARLOTTE, N.C. — FairPoint Communications Inc.
Chinese PC maker Lenovo reports $16 million quarterly loss as global demand slumpsAugust 6th, 2009 PC maker Lenovo reports loss amid weak demandBEIJING — Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition. The loss for the three months ending June 30, equal to 0.18 cents per share, compared with a $110 million profit a year earlier.
Officials: US largely wins trade case against China over CDs, DVDs, books, computer softwareJuly 22nd, 2009 US wins trade dispute with China over CDs, DVDsGENEVA — Officials say the U.S. has largely prevailed in a trade dispute with China over restrictions on the sale of American CDs, DVDs, books and computer software.
Sony reports $1 bln annual loss, first in 14 years; sees more red ink this yearMay 14th, 2009 Sony reports $1 bln annual loss, first in 14 yearsTOKYO — Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.
Sony reports $1 billion annual loss, first in 14 years; plans to close 3 plantsMay 14th, 2009 Sony reports $1B annual loss, first in 14 yearsTOKYO — Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.
As Oracle prepares to buy it, Sun's loss widens on a 20-percent sales dropApril 29th, 2009 As Oracle readies takeover, Sun's loss widensSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.
Canadian media giant Canwest to seek court protection while it restructures its debtOctober 6th, 2009 Canada's Canwest to seek court protectionTORONTO — Canwest Global Communications Corp. said Tuesday it will file for bankruptcy protection under a deal with a key group of lenders as Canada's biggest media company seeks court approval to restructure its debt after months of negotiations.
Canadian media giant Canwest enters bankruptcy protection after restructuring its debtOctober 6th, 2009 Canada's Canwest enters bankruptcy protectionTORONTO — Canwest Global Communications Corp. entered bankruptcy protection on Tuesday after reaching a deal to restructure its debt with lenders.
Dell's 2Q numbers show PC industry staggering back to feet, helped by consumersAugust 28th, 2009 Dell's numbers show PC industry staggering backSAN FRANCISCO — Dell Inc.'s second-quarter results reinforce what other tech heavyweights have shown recently about the health of the personal-computer industry: it's still wounded by the recession, but is staggering back to its feet, thanks to consumers, bargain prices and little "netbook" laptops for surfing the Internet. The Round Rock, Texas-based company reported Thursday that profit fell 23 percent and sales fell 22 percent in the May-July period.
Softbank sinks into quarterly loss on costs related to Internet services, slower handset salesApril 30th, 2009 Softbank sinks into loss on Internet serviceTOKYO — Softbank Corp., Japan's third-biggest mobile carrier, said Thursday that it sank into a loss in the fiscal fourth quarter on one-time costs, including launching a superfast Internet service. Softbank reported a net loss of 15.01 billion yen ($154.3 million) for the January-March period, a reversal from the 15.4 billion yen it earned the same period the previous year.
NEC to withdraw from Japan supercomputer project due to slumpMay 14th, 2009 NEC to quit Japan supercomputer project
TOKYO — Japanese electronics giant NEC Corp. said Thursday it will withdraw from a government-led project to produce a next-generation supercomputer, citing falling profits amid the global economic crisis.
AMD posts deeper 1Q loss of $416 million, shares fall but Remains HopefulApril 22nd, 2009 AMD posts deeper loss, shares fall
SAN FRANCISCO — Advanced Micro Devices Inc.'s loss widened in the first quarter as demand and prices for its microprocessors slumped and charges for the biggest restructuring in the company's 40-year history took their toll. Its shares slipped 5 percent in after-hours trading on disappointing guidance.AMD reported after the market closed Tuesday that it lost $416 million, or 66 cents per share, in the opening three months of the year.
German software company SAP says 1st quarter net profit fell 16 percent to euro204 millionApril 29th, 2009 SAP 1Q net profit falls 16 percent to euro204 millionFRANKFURT — German software company SAP AG said Wednesday that the company's first quarter net profit fell 16 percent because of factors including lower revenues and charges from staff reductions. The Walldorf-based company said net profit in the January-March period fell to euro204 million ($269 million) from euro242 million in the first quarter a year ago.
AP Executive Morning BriefingApril 24th, 2009 AP Executive Morning BriefingThe top business news from The Associated Press for the morning of Friday, May 8, 2009:
Toyota sees losses growing this year
TOKYO (AP) — Toyota Motor Corp. said it sank into a 765.8 billion yen ($7.7 billion) net loss for the January-March quarter, bringing its loss for the full fiscal year to a bigger-than-expected 436.94 billion yen — its worst result ever.
Comment Below | 
Email this Article
Loading ...