Sony reports $1 bln annual loss, first in 14 years; sees more red ink this year

Sony reports $1 bln annual loss, first in 14 years

TOKYO — 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.

Full article (735 words) »

Sony reports $1 billion annual loss, first in 14 years; plans to close 3 plants

Sony reports $1B annual loss, first in 14 years

TOKYO — 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.

Full article (735 words) »
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