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Sony, Panasonic debt ratings cut on TV losses
TOKYO (Reuters) - Japan's Sony and Panasonic both had their debt ratings downgraded on Friday by Moody's Investors Service, which cited concerns about continued losses in their TV divisions, two weeks ahead of their earnings announcements. Sony will find it hard to meet its target of pulling its TV division back into profit in the next two years amid harsh competition and the strong yen, despite ...
Taiwan market: Nearly 27,000 projectors shipped in 4Q11
There were 26,925 projectors shipped in the Taiwan market during fourth-quarter 2011, increasing 3% sequentially but decreasing 11.4% on year, according to IDC Taiwan.
Sony and Panasonic brace for grim earnings season
TOKYO (Reuters) - Sony Corp and rival Panasonic Corp are set to report a slump in quarterly earnings and may cut full-year forecasts after being hit by yen strength, Thai floods and consumer gloom in Europe during the vital pre-Christmas period. Both companies saw their debt ratings downgraded by Moody's Investor Services last week, as their TV divisions continue to bleed red ink despite ...
Sony, Panasonic brace for grim earnings season
TOKYO (Reuters) - Sony Corp and rival Panasonic Corp are set to report a slump in quarterly earnings and may cut full-year forecasts after being hit by yen strength, Thai floods and consumer gloom in Europe during the vital pre-Christmas period. Both companies saw their debt ratings downgraded by Moody's Investor Services last week, as their TV divisions continue to bleed red ink despite ...
Police: Two men walked out with TV
The Concord police are asking for the public's help identifying two men accused of recently stealing an LCD television from the Walmart on Loudon Road. The theft happened on Jan. 11 at 2:50 p.m., when two men walked out of the store carrying a 46-inch Sanyo LCD television they hadn't paid for, the police said. The men left the store through the grocery area, then put the television into the bed ...
Panasonic Forecasts Record $10 Billion Loss on Floods, Charges
Panasonic Corp. almost doubled its annual loss forecast to a record 780 billion yen ($10 billion), the latest Japanese electronics company to predict weaker earnings because of Thailand floods and slowing demand for TVs.
Moody's lowers rating on Japan's Sony, Panasonic
Ratings agency Moody's on Friday downgraded Japanese electronics titans Sony and Panasonic, giving both companies a negative outlook.
American Legion Post 171 to host Super Bowl Football Sunday fundraiser Feb. 5
UNION GROVE ? The Bixby-Hansen American Legion Post 171 will hold its second annual Super Bowl Football Sunday fundraiser at 4 p.m. Sunday, Feb. 5, at their hall, 1027 New St.
Moody's lowers rating on Sony, Panasonic
Moody's on Friday downgraded Japanese electronics titans Sony and Panasonic, warning both companies faced a long struggle if they were to get back on a firm financial footing.
Panasonic expecting to book ¥780 billion net loss
Panasonic Corp. widened its annual forecast of a net loss to a record ¥780 billion, making it the latest consumer electronics company to predict declining earnings because of the floods in Thailand, the stronger yen and a slower global economy. The revision compares with the ¥420 billion loss the company predicted in October. The loss in the 12 months ending in March will be the biggest since ...
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