Jan. 29 (Bloomberg) — Toshiba Corp., Japan’s largest chipmaker, forecast a record annual loss as the deepening global recession worsens the glut in the industry and drives down prices of semiconductors that store data in consumer electronics.
The net loss will probably reach 280 billion yen ($3.1 billion) in the year to March 31, compared with [...]
WASHINGTON, Jan 29 (Reuters) – The number of Americans claiming jobless benefits hit a record high in mid-January, while orders for long-lasting factory goods fell for a fifth month in December, according to data on Thursday that showed the economy in steep decline.
Piling on the gloom for an economy mired in recession for more than [...]
DETROIT — The Ford Motor Company, the only Detroit automaker not being propped up by billions of dollars in government loans, said on Thursday that it lost $14.6 billion last year as sales slumped the most in decades, making 2008 its worst year in history.
Still, the company said it had “sufficient liquidity to fund its [...]
Polaris predicts 1st-quarter, full-year earnings below Wall Street estimates
MINNEAPOLIS (AP) — Polaris Industries Inc. on Thursday projected first-quarter and full-year earnings below Wall Street expectations, as the leisure vehicle maker navigates a tough retail environment.
Polaris said it expects 2009 earnings between $2.50 and $3 per share. Analysts surveyed by Thomson Reuters expect a profit of [...]