News tagged with economic slowdown

Japan's Panasonic set for $10.2 billion loss

Japan's Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.

Feb 03, 2012
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Chairman says Samsung to focus on new products

South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.

Jan 02, 2012
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SK Telecom named as preferred bidder for Hynix

South Korea's top mobile carrier SK Telecom has been selected as preferred bidder for a controlling stake in Hynix Semiconductor, the world's number two memory chip maker, creditors said Friday.

Nov 11, 2011
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Phone rivalry drives down RIM earnings

(AP) -- BlackBerry maker Research In Motion Ltd.'s quarterly results on Thursday provided fresh evidence of the company's struggles to come up with a device to compete with the iPhone and smartphones running ...

Jun 16, 2011
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PC maker Lenovo reports loss amid weak demand

(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.

Aug 06, 2009
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Japan's Hitachi posts first-quarter loss

Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.

Jul 28, 2009
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Japan's NEC to exit supercomputer project

Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.

May 14, 2009
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Japan's Pioneer expects sixth year in red

Japan's Pioneer Corp. warned it would spend a sixth straight year in the red as it pulls the plug on its loss-making television business and slashes thousands of jobs.

May 13, 2009
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Nintendo's annual profit rises 8.5 percent

(AP) -- Nintendo Co. reported an 8.5 percent rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers.

May 07, 2009
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Chip sales down 30 pct in March: SIA

Global semiconductor sales fell nearly 30 percent in March compared with a year ago but improved slightly over the previous month, the Semiconductor Industry Association (SIA) said Friday.

May 01, 2009
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