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Technology Corporate Stories

Panasonic records $7.5 billion annual loss

Japanese electronics giant Panasonic says its net loss reached $7.5 billion in the year to March on falling demand for goods such as flat-panel TVs.

By Editorial Team

Toshiba quarterly profit falls on weak demand

Toshiba says its quarterly net profit has fallen 62 percent from last year, with a decline in demand for its televisions, computers and other digital products.

By Editorial Team

Sony back in black, reports first profit in five years

Electronics giant Sony has reported an annual profit for the first time in five years thanks to stronger sales and a weakening yen.

By Editorial Team

Airtel sells 5% stake to Qatar Foundation

India’s largest mobile phone operator, Bharti Airtel, announced on Friday that it has agreed to sell a five percent stake in itself to the Qatar Foundation Endowment (QFE).

By Editorial Team

Alibaba buys 18% stake in Sina’s Weibo

Internet giant Alibaba has bought an 18 percent stake in Twitter-like Weibo.

By Editorial Team

South Africa’s MTN prequalified for Myanmar telecoms licence

South Africa-based multinational mobile telecommunications group MTN on Friday said its subsidiary MTN Dubai was one of 12 operators to be prequalified by the Myanmar Telecommunications Ministry for two telecommunications licences in the country.

By Editorial Team

Infosys shares slide as revenue forecast disappoints

Shares in India’s second-largest software firm Infosys have plunged after its growth forecast for the current financial year fell short of market expectations.

By Editorial Team

EPL clubs set to adopt goal-line technology

Goal-line technology will be introduced in the English Premier League in time for the 2013-14 season, the Football Association (FA) expects.

By Editorial Team

Apple issues China apology

Apple’s CEO Tim Cook has apologised to Chinese consumers after state media accused the technology giant of “arrogance”, double standards, and of “throwing its weight around” with regards to its customer service and returns policies.

By Editorial Team

Fukushima plant hit by power failure

Japan’s tsunami-hit Fukushima nuclear plant has been hit by a power failure, affecting its cooling systems for spent fuel ponds.

By Editorial Team