Nokia’s head of sales steps down after it reports $1.7B first quarter loss

April 19, 2012 5:01 AM Ben Popper
Ben Popper

The tough times continue for Finnish phone giant Nokia, which has struggled to keep up with Apple and Android in the smartphone era. Today the company announced its results for the first quarter of 2012. Net sales fell sharply year …

Ouch: Panasonic forecasts staggering $10B annual loss

February 3, 2012 2:14 PM Sean Ludwig
Sean Ludwig

Japanese electronics manufacturer Panasonic is projecting it will lose a record $10.2 billion (780 billion yen) in 2012 as it tries to fix its struggling TV business, the company said Friday.

Panasonic will join Japanese rivals Sony and Sharp in …

One day after appointing new CEO, Sony announces losses of $2.09B

February 2, 2012 6:17 AM Ben Popper
Ben Popper

A slumping TV business and a surging yen combined to send Sony into the red. The company reported a net loss of $2.09 billion for the final quarter of 2011, a far cry from the nearly billion in profit it …