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Nintendo posts first annual loss

Japanese videogame giant Nintendo on Thursday posted its first annual loss since becoming a public company, blaming a soaring yen and price cuts on its consoles for sinking it $530 million into the red.

LG releases 'world's largest' ultra-definition TV

South Korea's LG Electronics on Wednesday began sales of what it claims is the world's largest ultra-definition television, with a view to expanding its share of the premium TV market.

PC sales plunge as Windows 8 flops (Update 2)

Two somber new reports show unprecedented declines in desktop and laptop sales during the first three months of the year—signs that the personal computer market may never fully recover from a new generation of mobile devices.

Digital music sales 'to nearly equal CDs next year'

Compact discs accounted for 65 percent of US music sales in the first half of 2009 but digital downloads are expected to nearly equal CD sales by the end of next year, market research firm NPD Group said Tuesday.

Mobile phone sales up six pct in 2008, 4th qtr weak

Mobile phone sales grew by six percent in 2008 over the previous year but fell nearly five percent in the fourth quarter as the global economy weakened, market research firm Gartner said on Tuesday.

Report exposes loopholes in gun-control laws

Gun shows and the lack of uniform gun-control laws provide easy access to guns that can be used for criminal purposes, according to a new report released today from the UC Davis Violence Prevention Research Program.

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