Sony to report record loss of $2.9 billlion?

January 22, 2009 by MyOrbit
Filed under: Business, Money & Finance, electronics 

Yes, we have been hearing about how Sony, the Japanese electronics company, has been facing costs and margin pressure in the current times. On this Thursday Sony would post a record annual operating loss of nearly $3 billion because of the rapid deterioration of the global economy, and it announced a major restructuring that will include layoffs and factory closings.

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