Toshiba posts $102 mn quarterly loss as sales drop

Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.

NEC posts April-June loss on weak telecom sales

Japan's NEC said Thursday it remained stuck in the red during its fiscal first quarter largely owing to weakness in its telecom division, but was still on track for a full-year profit.

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