Sony to incur largest-ever loss for FY 08, step up cost cuts

TOKYO, Japan - Sony Corp. Chairman and Chief Executive Officer Howard Stringer reacts during a news conference at the company's headquarters in Tokyo on Jan. 22. Sony expects to incur its largest-ever loss for the year to March, hit by the yen's sharp appreciation and slumping sales of its electronics products, and that it will step up cost-cutting efforts to deal with the global economic downturn. (Kyodo)

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Kyodo / Kyodo News Images

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