Japanese TV maker Sharp on Thursday doubled its expected net loss for the year to more than $5 billion. The company also raised concerns about its ability to survive on its own. The news comes a day after another Japanese tech giant, Panasonic, forecast a nearly $10 billion loss for the year.
Copyright © 2012 National Public Radio. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.
(SOUNDBITE OF MUSIC)
STEVE INSKEEP, HOST:
NPR's business news starts with trouble in Japan's tech sector.
The Japanese TV maker Sharp, this morning, announced it is doubling its expected net losses for the year to more than $5 billion. The company also raised concerns about its ability to survive on its own. This news comes a day after another Japanese tech giant, Panasonic, forecast a nearly $10 billion loss for the year.
It announced it will skip out on paying a dividend for the first time since 1950.
Copyright © 2012 National Public Radio. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to National Public Radio. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.Twitter Facebook (0) Share Stumble Upon Reddit Linkedin Digg What is this?
Share Comments () More Business PodcastView the Original article
No comments:
Post a Comment