News tagged with global slowdown

India's Infosys posts profit dip on slowdown

India's Infosys Technologies said Wednesday its consolidated net profit for the fiscal fourth-quarter rose 29 percent from a year earlier, but fell sequentially due to the global slowdown.

dateApr 15, 2009 in Business
shares0 comments 0

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.

dateFeb 03, 2012 in Business
shares0 comments 0

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.

dateNov 11, 2011 in Business
shares0 comments 0

Panasonic's red ink grows, forecasts loss for year

(AP)—Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving ...

dateOct 31, 2012 in Business
shares0 comments 1

Infosys profit up 5 percent, misses expectations

Profit at India's Infosys Technologies rose 4.9 percent in dollar terms for the September quarter, the company said Friday, missing expectations amid tepid demand from global clients struggling with economic uncertainty.

dateOct 12, 2012 in Business
shares0 comments 0