Sony Sinks Deeper

A day after news emerged that it would cut 10,000 jobs, or roughly 6 percent of its global workforce, Sony on Tuesday forecast a net loss of $6.4 billion for the business year that just ended -- the largest loss in company history. Sony's losses were exacerbated by writing off billions in deferred tax credits in the U.S. Previously, the tax credits had been counted as earnings.

Source: http://www.technewsworld.com/rsstory/74824.html

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