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.
Chinese manufacturing growth slows in April
China’s April manufacturing PMI, released by HSBC, slowed in April, adding to concerns about the country’s economic recovery.
Vettel wins Bahrain GP
Red Bull’s Sebastian Vettel won the Baharain Grand Prix on Sunday, his second win in four races this year.
Japan recovery “few years” away warns Finance Minister
Japan’s Finance Minister Taro Aso has warned that economic recovery is at least a “few years” away and it may take longer than the targeted two years to reverse the country’s deflation.
