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Sony Forecasts First Annual Loss in 14 Years, Second Ever
Sony Forecasts First Annual Loss in 14 Years, Second Ever
Buffeted by a dismal global economy, Sony says it will post a net loss for the first time in 14 years -- and only the second time ever in the history of the diversified electronics and entertainment company. CEO Howard Stringer says he'll try to turn things around with with pay cuts, job reductions and trendier gadgets.
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