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Fri May 11, 2012
Originally published on Fri May 11, 2012 7:17 am
STEVE INSKEEP, HOST:
NPR's business news starts with Sony hitting a three-decade low.
(SOUNDBITE OF MUSIC)
INSKEEP: Sony shares fell to their lowest level since 1980 on Japan's Nikkei stock exchange today. That drop follows yesterday's report that the company suffered a net loss of $5.7 billion for the last fiscal year. The once dominant tech company has fallen behind other industry giants like Samsung and Apple, and has seen especially heavy losses in its TV division. Transcript provided by NPR, Copyright NPR.