Monday, May 18, 2009

Toshiba announces biggest loss


TOKYO (May 09 2009): Japanese high-tech giant Toshiba Corp announced Friday its biggest ever loss and warned it would remain mired in the red this year because of weak demand computer chips. The group, which owns US nuclear plant maker Westinghouse, suffered a net loss of 343.6 billion yen (3.5 billion dollars) in the year to March, against a year-earlier profit of 127.4 billion yen

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