Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular
Secondary Navigation
Singapore
Asia Pacific
World
Search
Search:
Japan's Sanyo braces for zero profit: report
AFP - 1 hour 2 minutes ago
TOKYO (AFP) - - Japan's struggling Sanyo Electric Co. is set to downgrade its earnings forecasts for the year to March, expecting a strong yen to wipe out its net profit almost entirely, according to a report.
Sanyo, which is to become a subsidiary of Panasonic Corp. later this year, will lower its forecast for group net profit from 35 billion yen (384 million dollars) to almost zero for the full year to March, the Asahi Shimbun said.
Its forecast of operating profit would be revised down by 40 percent to 30 billion yen from 50 billion yen, with sales expected to fall below two trillion yen for the first time in nine years, it said.
The company's earnings from microchip and other electronics parts are rapidly worsening due to the yen's appreciation, the Asahi said.
The company will announce the revised forecasts this week, the newspaper said without citing its sources.
The yen was trading at around 91 to the dollar at the end of last week, compared with above 99 at the end of March last year.
No comment on the report was available from Sanyo on Sunday.
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (0 votes)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: Business
Canon had slow holiday sales, sees rough 2009Reuters - 23 minutes ago
US-BUSINESS SummaryReuters - 28 minutes ago
Rouble to be volatile, rebound in 2009 - Cen BankReuters - 28 minutes ago
AirAsia X eyes Japan after Tokyo relaxes tough visa ruleAFP - 31 minutes ago
Russia devalues rouble on 1st trading day of 2009Reuters - 35 minutes ago
Enlarge Photo
Japan's Sanyo braces for zero profit: report
Related Photos
Slideshow Full Photo Coverage: Business & Economy
Most Popular – Business
Viewed
Is Tintin gay? Cartoon birthday boy dogged by rumours
Citigroup: 2-billion-dollar exposure to LyondellBasell
Half the planet could be hit by food crisis by 2100: study
Marks & Spencer to axe 1,230 jobs and close 27 stores
Finance fights sex for Aussie dictionary honour
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular