The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

Sony:sees TV unit posting $2.2 billion operating loss in 2011/12

Related Video

TOKYO | Wed Nov 2, 2011 5:35am EDT

TOKYO (Reuters) - Sony Corp said on Wednesday it expects its TV unit to post an operating loss of 175 billion yen ($2.2 billion) for the financial year ending in March.

The firm said it aims to cut the unit's operating loss by half in the next financial year and return the TV business to profit in the year ending in March 2014.

($1 = 78.280 Japanese Yen)

(Reporting by Isabel Reynolds; Editing by Joseph Radford)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.