Sony reports quarterly red ink, trims full-year loss forecast amid gradual recovery from slump

October 30th, 2009 by admin Leave a reply »

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Sony stays in the red, trims annual loss forecast
TOKYO — Sony reported a smaller-than-expected 26.3 billion yen ($289 million) quarterly loss as cost cuts combined with healthy sales of PlayStation 3 game consoles and Michael Jackson hits helped it inch toward recovery.
The Japanese electronics and entertainment giant has been battered by the global [...]

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