Hitachi warns of $7.8 billion loss, to restructure

Suggested by Webmaster on Saturday January 31, 2009

Japan's Hitachi warned of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs to restructure its sprawling operations, joining a growing list of technology companies affected by the deepening recession. That loss would be the biggest ever by a Japanese manufacturing company.

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