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Sony vows deeper restructuring, warns of another loss this year

14

May

2014

By Reiji Murai and Sophie Knight TOKYO (Reuters) – Sony Corp said it would step up a broad restructuring this year to tackle bloated costs and exit some unprofitable businesses, hoping to put behind it years of persistent losses. Domestic peer Panasonic Corp, by contrast, has turned around its business by embracing industrial products and […]

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Panasonic says to complete restructuring this fiscal year

28

Apr

2014

Panasonic Corp will complete its restructuring in the current fiscal year to March 2015, Chief Executive Kazuhiro Tsuga said on Monday, as it shifts its focus to supplying industrial customers rather than making consumer electronics. Panasonic also said it will raise its capital expenditure this fiscal year to 255 billion yen from last year’s 217 […]

Category CA Technologies Tech Written by Yahoo 0 Comments

Panasonic sees spending $2.9 billion on restructuring this fiscal year and next

27

Mar

2014

Panasonic Corp said on Thursday that it would spend a total of more than 300 billion yen ($2.93 billion) on restructuring this fiscal year ending March 31 and in the following year. The company also said it aims for an operating profit of 310 billion yen for the next financial year, compared with a forecast […]

Category CA Technologies Tech Written by Yahoo 0 Comments

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Sony vows deeper restructuring, warns of another loss this year

Panasonic says to complete restructuring this fiscal year

Panasonic sees spending $2.9 billion on restructuring this fiscal year and next

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