Tag Archive
JAL Hits Swine Flu Turbulence- US-FOREX.US
The combination of the swine flu pandemic hitting during a global recession dragged Japan Airlines to a record quarterly loss,and is proving a more severe crisis than that it faced during the SARS epidemic six years ago. Japan Airlines reported Friday a 99 billion yen net loss in the quarter ended June, down substantially from… »
Sony Nintendo Recession Woes Not Over – US-FOREX.US
Making the coolest, sexiest new toy is no longer a recipe for profits among Japan’s electronics makers. Sony, Nintendo, and Sharp all announced faltering quarterly results on Thursday as the worldwide recession continued to erode both consumer and company budgets. It’s been a bad stretch for Japanese exporters as the strong yen has hurt their… »
Nomura Profit Vindicates Lehman Gambit – US-FOREX.US
Nomura Holdings returned to profit for the first time in six quarters, helping Japan’s leading brokerage vindicate its decision to buy the Asian and European operations of failed U.S. investment bank Lehman Brothers. In the three months ended June 30, Nomura Holdings earned 118 million. Net revenue more than doubled to 3.1 billion. Nomura last… »
Only 2 Billion More To Lose At Hitachi – US-FOREX.US
Its revenue withering, Japan’s Hitachi is struggling to stem losses that will push the sprawling electronics and machinery conglomerate to a bigger net deficit than it has forecast unless it can slow the pace of losses it accumulated in the first three months of its business year. Hitachi , which makes everything from nuclear power… »