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Sony , which is shedding jobs, closing plants and selling non-core assets this year, said on Thursday it now aims to earn a 5% operating profit margin and a 10% return-on-equity in the year ending in March 2013.
Sony Chief Executive Howard Stringer had originally set the 5% margin target in 2005 for the financial year to March 2008 but the company narrowly missed it, and its plans for recovery have since been waylaid by the economic slow down.
The maker of Bravia TVs and PlayStation game consoles said
It will be quite a challenge for Sony to turn its TV business profitable next year. Price declines are cancelling their cost cut efforts -Mitsushige Akino
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Sony Corp aims to earn a 5 percent operating profit margin in three years by turning its struggling LCD TV and game operations profitable next year and launching 3D TVs and lithium-ion batteries for electric vehicles.
Sony, which is headed for its second-straight annual loss, shed jobs, closed plants and sold non-core assets this year to improve its cost structure, and investors are now convincing growth strategy from Sony management.
"This is not a one time or short-term initiative," Sony Chief Execu
This is not a one time or short-term initiative -Howard Stringer
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New World Resource Corp. (TSX VENTURE:NW) (the "Company"), announces that the previously announced letter of intent with Alberto Sivila regarding the purchase of the Pastos Grandes Salar has been finalized into a joint venture agreement ("Joint Venture").
The Joint Venture has a term of 15 years and the Company has a right to earn a 97% interest by making payments of US$10,000 (paid) upon signing the Joint Venture, US$1,000 per month during the first and second year of the Joint Venture and US$2,000 per mo
more news on: Alkali metals news
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Prebo says Think is looking for an existing building, which is a requirement for a U.S. Department of Energy grant for which the company has applied.
He adds a Reuters report that Indiana will be home to the plant is premature and talks continue with the three states.
A decision could come by the end of the year.
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China Digital Communication Group (OTC Bulletin Board: CMTP), a manufacturer and distributor of battery components in China, today announced that it has obtained approval from FINRA to change its name to New Energy Systems Group.
In conjunction with the name change, the company's CUSIP number will be changed to 643847106 and the stock will begin trading under the ticker symbol "NEWN" on November 18, 2009.
Mr. Fushun Li, Chief Executive Officer, commented, "With uses for our light weight, high powered
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