More Sony websites hacked, 8,500 Greek accounts hit

Sony on Tuesday said its websites in three countries had been hacked with 8,500 Greek user accounts compromised, in a blow to efforts to restore confidence after a huge data breach affecting millions.

BlackBerry slashes jobs in face of $1B 2Q loss (Update)

It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once ...

Volkswagen sees 'good start' to 2018 despite slip in profits

German car giant Volkswagen on Thursday reported a small drop in profits but nonetheless said strong sales got the year off to "a good start", as new CEO Herbert Diess pushes on with a post-dieselgate revamp of the behemoth.

Washington Post stems tide of red ink

The Washington Post Co. reversed its slide and posted a quarterly profit on Friday despite a steep decline in advertising revenue at its flagship newspaper.

Panasonic announces Q1 net loss of 560 mln dlrs

Japanese high-tech giant Panasonic Corp. announced Monday a big first-quarter loss, blaming weak sales of televisions, digital cameras and other electronic goods during the recession.

Chip growth leads Samsung to another record profit

Samsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business and strong shipments of cheaper handsets offset flat sales of high-end smartphones.

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Profit (accounting)

Accounting profit is the difference between price and the costs of bringing to market whatever it is that is accounted as an enterprise (whether by harvest, extraction, manufacture, or purchase) in terms of the component costs of delivered goods and/or services and any operating or other expenses.

A key difficulty in measuring profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.

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