Yen breaks 100 mark versus dollar
The Japanese yen has breached the 100 yen to the U.S. dollar mark for the first time since April 2009.
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.
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.
McDonald’s sales hit by weakness in Asia, Europe
Fast food giant McDonald’s says that “global comparable sales” slipped again in April, citing challenging economic conditions.
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.
Sir Alex Ferguson to retire as Manchester United manager
Sir Alex Ferguson, the most successful manager in the history of British football, is to retire at the end of the season.
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).
Alibaba buys 18% stake in Sina’s Weibo
Internet giant Alibaba has bought an 18 percent stake in Twitter-like Weibo.
