Read more yen stories on Newserhttp://www.newser.com/taggrid/7912/yen.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 7:55:56 CSThttp://www.newser.com/story/49854/panasonic-cuts-15000-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA strong yen and softening consumer demand is prompting Panasonic to cut 15,000 jobs, close 27 plants, and restructure as it struggles to withstand burgeoning losses, reports the Wall Street Journal . The electronics company last quarter posted a $707.2 million net loss, and experts expect the downward trend...http://www.newser.com/story/49854/panasonic-cuts-15000-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 04 Feb 2009 6:47:15 CSThttp://www.newser.com/story/49308/sonys-profit-off-95-in-q4.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSlumping demand, a strong yen, and increased competition knocked Sony’s third-quarter profits off 95% from a year ago, reports CNN. Sony reported profits of $110 million for the quarter ended Dec. 31, down from $2.2 billion a year ago. Sony’s gaming segment was hit especially hard, with its popular...http://www.newser.com/story/49308/sonys-profit-off-95-in-q4.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 29 Jan 2009 6:46:28 CSThttp://www.newser.com/story/48659/sony-swings-to-first-annual-loss-in-14-years.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSony announced today that it would go down to its first annual loss in 14 years, after having forecast just months ago that it would turn a profit. The Japanese electronics giant said it expected to lose $1.7 billion, the result of declining demand from the global recession. The...http://www.newser.com/story/48659/sony-swings-to-first-annual-loss-in-14-years.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 22 Jan 2009 6:25:20 CSThttp://www.newser.com/story/45996/mighty-toyota-posts-its-first-loss-ever.html?utm_source=syn&utm_medium=rss&utm_campaign=tagToyota will post a loss for the first time in its history, the victim of plummeting sales and multi-year highs in the value of the yen, the company warned today. The Japanese automaker, which has enjoyed a reputation for profits even in bad times, announced that it would suspend executive...http://www.newser.com/story/45996/mighty-toyota-posts-its-first-loss-ever.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 22 Dec 2008 6:08:00 CSThttp://www.newser.com/story/44824/sony-slashes-8000-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSony is slashing 8,000 jobs, or 4%of its global work force, aiming to cut costs by $1.1 billion a year as a global downturn and stronger yen batters profits at the Japanese electronics maker. Sony, which has 185,000 employees worldwide, said today it will complete the layoffs...http://www.newser.com/story/44824/sony-slashes-8000-jobs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 09 Dec 2008 6:25:17 CSThttp://www.newser.com/story/41299/rate-cut-sparks-global-market-rally.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWorld markets rode the back of yesterday’s Fed rate cut to huge gains as investors began looking for bargains and flooded the exchanges with cash, reports the Guardian . Hong Kong was up 12.8%, Seoul rose 11.95%, and Tokyo saw a jump of 9.6%, its fourth largest one-day...http://www.newser.com/story/41299/rate-cut-sparks-global-market-rally.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 30 Oct 2008 6:42:38 CDThttp://www.newser.com/story/41179/sony-profits-plunge-72-on-strong-yen-slow-exports.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA strengthening yen and declining demand—especially from the US—for consumer electronics provided a one-two punch that knocked Sony profits down 72% for the third quarter, reports the New York Times. Sony shares slid to a 16-year low on Monday, and are down 67% for the year.http://www.newser.com/story/41179/sony-profits-plunge-72-on-strong-yen-slow-exports.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 29 Oct 2008 8:27:55 CDThttp://www.newser.com/story/41061/as-investors-seek-cover-central-banks-slash-rates.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCentral banks worldwide are slashing interest rates, attempting to stem the bleeding in financial markets as investors dump holdings, credit remains tight, and currencies spasm in value, the Washington Post reports. The Federal Reserve is set to cut rates for the second time in as many weeks tomorrow, while the...http://www.newser.com/story/41061/as-investors-seek-cover-central-banks-slash-rates.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 28 Oct 2008 10:30:00 CDThttp://www.newser.com/story/32484/world-markets-tumble-dollar-hits-new-low.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWorld stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market...http://www.newser.com/story/32484/world-markets-tumble-dollar-hits-new-low.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 15 Jul 2008 7:32:00 CDT