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Sony 'shock' looms amid battered gadget sales threatening first operating loss in 14 years

Sony is sinking into its first yearly operating loss in 14 years as sales fizzle for digital cameras, flat-panel TVs and other gadgets taking a hammering from the global recession and a soaring yen, analysts said Tuesday. Sony shares slid 8.9 percent to 2,000 yen ($22.40) on the Tokyo Stock Exchange on Tuesday after Japan's top business daily The Nikkei reported that Sony was expected to rack up a 100 billion yen ($1.1 billion) operating loss this fiscal year ending March, its first... Full Story
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