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Panasonic Posts Record Annual Net Loss

Panasonic Corp. said Friday its net loss in the fiscal fourth quarter grew more than tenfold from a year earlier, as ongoing struggles at its television operations and a tax-related charge pushed the Japanese electronics conglomerate to its biggest annual loss in its 77-year history.

As Nintendo Fades, Zynga Continues to Grow

For years, the game industry has worried about the shift toward social and mobile from more traditional platforms. But now there’s more than anecdotal evidence to cause concern.
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FitBit’s New (Non-Wearable) Device: The Wi-Fi Smart Scale

Fitbit, maker of the popular fitness device that clips onto clothing and tracks activity and sleep patterns, is attempting to set itself apart in the increasingly crowded fitness-tech market with the introduction of a new, Wi-Fi-equipped scale. The Aria Wi-Fi Smart Scale measures weight, body-fat percentage and body-mass index, and wirelessly transfers the data to users’ FitBit accounts; information from the scale is also accessible through FitBit’s iPhone and Android apps. First announced at CES earlier this year, the $129.95 scale goes on sale today on Fitbit’s Web site.

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AMD Posts $590 Million Loss

Advanced Micro Devices Inc. swung to a first-quarter loss as the chip maker continued to bear costs related to its spun-off foundry business, though its core earnings improved.

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Sony Projects Deeper Loss

Sony Corp. slashed its earnings outlook for the fourth time in less than a year, warning that it now expects a ¥520 billion ($6.4 billion) loss for the past fiscal year because of a tax-related charge from continued losses at the Japanese company’s U.S. operations.

After Stock Got Whacked Last Week, Demand Media Readies Its Q4 Story for Wall Street

The online content company reports after the markets close — investors will be focusing on traffic and costs.
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Panasonic Forecasts $10 Billion Loss

Panasonic Corp. said Friday that it now expects to post a loss of more than $10 billion for the fiscal year ending March 31, and cited a write-down related to its acquisition of a rival and hefty restructuring costs in its loss-making television business.

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Sony Swings to Loss, Slashes Full-Year Forecast

Sony Corp. said Thursday it veered into a fiscal third-quarter net loss of more than $2 billion and forecast a much wider full-year loss than previously expected, dragged down by losses in its television business and the impact of the strong yen on its European operations.

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Motorola Mobility Posts Q4 Loss on Merger Costs

Motorola Mobility Holdings Inc. swung to the red in the fourth quarter as costs tied to its pending acquisition by Google Inc. offset higher revenue from handsets.

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Nokia Posts Huge Loss

Finland’s Nokia Corp., the world’s largest mobile-phone maker by volume, Thursday posted its third consecutive quarterly net loss, as handset sales dropped 29 percent on an annual basis.