The Complete story of Who benefited and who lost in this recession
A look at economic developments around the globe
A look at economic developments and stock market activity around the world Thursday:
TOKYO — Electronics giant 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. Meanwhile, Sanyo Electric Co., which is being acquired by larger Japanese rival Panasonic Corp., reported an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small profit this fiscal year.
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