5 Things You Should Know Before the Stock Market Opens
Sony(SNE) , the consumer-electronics giant, confirmed Thursday that it was cutting 10,000 jobs, or about 6% of its global work force, and forecast that it will make its TV business, which has lost money for eight straight years, profitable again by fiscal 2014.
Sony said on Tuesday it projects an annual loss of 520 billion yen ($6.4 billion), much wider that earlier predictions of a loss of 220 billion yen, and its worst loss ever.
Research In Motion (RIMM) is preparing to open stores across the Middle East, a region where demand for its BlackBerry phones has held up better, Bloomberg reported.
The company is in the final stages of negotiating a lease on a flagship store in Dubai.
"We're getting the first one up and running and then we'll be looking at other cities across the Middle East -- Saudi Arabia, Kuwait, Qatar," said Sandeep Saihgal, managing director of RIM's Middle East business, in an interview with Bloomberg.
RIM has been losing market share in the U.S., where consumers have turned to Apple's(AAPL) iPhone.
-- Written by Joseph Woelfel
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