Posts Tagged ‘consumer electronics giant’

Sharp plans to cut 11,000 jobs worldwide

Sharp is set to cut 11,000 jobs and sell assets and plants worth $ 2.7bn as the consumer electronics giant tries to turn its financial fortunes around, according to a report released on Tuesday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Philips stocks drop after company warns to expect lower Q1 profits

Linda Young – AHN News Writer Holland, Netherlands (AHN) – Dutch lighting and consumer electronics giant Philips issued a warning on its second-quarter profits for its lighting and consumer lifestyle divisions blaming weak demand in Western Europe. Share prices for Philips’ stock dropped by around 11 percent in trading following the company’s announcement. The company […]