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; sees more red ink this year

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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.

The Japanese electronics and entertainment company said Thursday it [...]

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