Japanese TV Maker Sharp Doubles Expected Net Loss
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STEVE INSKEEP, HOST:
NPR's business news starts with trouble in Japan's tech sector.
The Japanese TV maker Sharp, this morning, announced it is doubling its expected net losses for the year to more than $5 billion. The company also raised concerns about its ability to survive on its own. This news comes a day after another Japanese tech giant, Panasonic, forecast a nearly $10 billion loss for the year.
It announced it will skip out on paying a dividend for the first time since 1950. Transcript provided by NPR, Copyright NPR.