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Alcatel-Lucent boss leaving as losses mount
2013-02-07 12:02:31| Telecom - Topix.net
Alcatel-Lucent CEO Ben Verwaayen is leaving the loss-making French-U.S. telecommunications gear maker after a failed four-year bid to turn the business around.
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Struggling Sony slashes losses
2013-02-07 10:19:25| BBC News | Business | UK Edition
There are signs that Sony's recovery plan may be starting to pay dividends as the struggling electronics group cuts its quarterly losses.
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Sony reduces losses, quarterly sales rise 6.9%
2013-02-07 09:22:00| Telecompaper Headlines
(Telecompaper) Sony remained in the red in its fiscal third quarter, despite an increase in sales. The company's net loss for the three months to December narrowed to JPY 10.8 billion from JPY 159.0 billion a year earlier, while revenues rose 6.9 percent year-on-year to JPY 1.948 trillion. The operating result was a profit of JPY 46.4 billion, versus a loss of JPY 91.7 billion a year ago, due mainly to fewer one-time charges. At Sony Mobile, sales rose 94 percent to JPY 318.8 billion, after Sony bought out Ericsson's share of the company. On a pro forma basis, sales rose 10 percent, helped by higher sales volumes and selling prices for mobile phones, offset by weaker PC sales. The group sold a total 8.7 million smartphones, down slightly from 8.8 million in fiscal Q2. The division's operating loss narrowed to JPY 21.3 billion from JPY 48.4 billion, after a tax charge in the year-earlier period. Sony maintained its full-year outlook for a small increase in revenues, as the depreciation in the yen offsets a weaker outlook for its PC, gaming and consumer electronics businesses. With the pictures and financial services division doing better than expected, the company still expects a small net profit over the full year.
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U.S. Cattle Feedlots May Face Losses On High Feed Costs
2013-02-07 03:15:00| Beef
Bloomberg Business Week U.S. cattle feedlots will have slightly negative margins this year amid high costs for livestock feed, says Michael Swanson, an agricultural economist at Wells Fargo & Co. read more
Verwaayen steps down as Alcatel-Lucent losses widen
2013-02-07 01:00:00| Total Telecom industry news
Equipment maker posts 1.37 billion net loss in Q4; sales in Europe, China continue to be slow.
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