Nokia cuts its profit forecast July 16, 2009 THE world’s top mobile phone maker Nokia yesterday cut its forecast for second half profit and 2009 market share, sending its shares sharply lower. Nokia, which is facing tough competition from the likes of Apple, Samsung and RIM, scaled back its second-half underlying operating profit margin forecast for its key phone unit to the first-half [...]
Demand for flatscreen TVs pushes LG to profit July 16, 2009 SOUTH Korea’s LG Display returned to profit after two quarters of losses, spurred by robust demand for flat-screen TVs that is expected to power the industry through most of the year. The LCD sector, one of the few bright spots in the weak global technology sector, is benefiting from the popularity of liquid crystal display [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 7, 2009 FINANCIAL TIMES RECESSION INCREASES SUICIDE AND MURDERUnemployment and recession add to the death toll from suicide, murder and heart attacks but cut the number killed in road accidents, according to the most comprehensive analysis so far of the health effects of economic downturn. Researchers at Oxford University and the London School of Hygiene and Tropical [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 6, 2009 FINANCIAL TIMES SUN VALLEY SET TO CONSIDER PAID CONTENTA debate over paid content that has riven the newspaper business and spread across the rest of the media sector is expected to frame discussions at the annual confab of media and technology power brokers and entrepreneurs in Sun Valley this week. The US recession has forced [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2009 THE SUNDAYSTHE SUNDAY TIMES SKY SAYS NO TO SETANTASports organisations including the Scottish Premier League may be forced to stomach deeper-than-expected cuts to their TV income after shareholders in Setanta failed to stump up enough cash to keep the broadcaster alive. Setanta’s financial position was so parlous this weekend that it asked arch-rival BSkyB for [...]
Sony halves suppliers on cost-cutting May 21, 2009 Sony will halve the number of its suppliers in the next two years and aims to slash procurement costs by 20 per cent this year, the consumer electronics giant said yesterday, stepping up restructuring efforts amid mounting losses. Analysts saw the move as positive. It comes on top of a plan to cut fixed costs [...]
Sony braces the market for further losses May 14, 2009 SONY Corporation forecast a second straight year of losses as the global recession battered demand for consumer electronics. But the Japanese company stopped short of taking any new aggressive steps to cut costs further. Sony, which competes with Samsung Electronics in LCD TVs and Canon in digital cameras, forecast an operating loss of 110 billion yen [...]
Sony soaring on a windfall October 28, 2005 Sony reported a better-than-expected rise in second-quarter profits due to a pensions windfall that offset falling prices in electronic products and high restructuring charges. The electronics giant announced a 52 per cent rise in operating profits to Y65.9bn (£320m) for the three months to 30 September, although sales remained the same as last year at [...]