Tag Archives: slashes

Pension fund slashes Pimco investment

Florida board pulls most of $ 2.9bn in wake of management turmoil Asia homepage

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Sony slashes guidance on struggling smartphone business

By Sophie Knight TOKYO (Reuters) – Sony Corp on Wednesday warned of a much-deeper-than-expected loss and said it would not pay a dividend this business year after it was hit by a 180 billion yen ($ 1.7 billion) impairment charge … Continue reading

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Nissan slashes profit forecast 15%

Japanese carmaker overhauls management as it grapples with volatility in emerging markets and higher-than-expected product recall costs Asia homepage

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Amazon slashes Kindle Fire HD price as next-gen launch nears

Amazon is preparing to launch brand new Kindle Fire HD tablets in the coming months and BGR has detailed them fully in a pair of exclusive reports. The second-generation Kindle Fire HD models will feature an all-new exterior design, as … Continue reading

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IMF slashes global growth forecasts

Downgrades highlight gathering clouds over world economy as big developing countries start to weaken before developed markets have fully recovered Financial Times – Asia homepage

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Brazil slashes financial transactions tax

Government cuts tax from 6% to zero in move that signals concern that Brazil’s currency is weakening too quickly against the dollar Financial Times – Asia homepage

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Zynga slashes work force by a fifth, shares dive

By Gerry Shih SAN FRANCISCO (Reuters) – Zynga Inc announced on Monday its biggest ever round of layoffs and warned that bookings will be weaker than previously forecast, raising questions about the social game developer's attempt at a recovery as … Continue reading

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Nasdaq slashes Greifeld’s bonus over botched Facebook IPO

(Reuters) – Nasdaq OMX Group Inc said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $ 542,100 over the botched handling of Facebook Inc's initial public offering last year. Nasdaq said in a filing with the … Continue reading

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“Evil Dead” slashes cave men, dinosaurs for big box office win

(Reuters) – “Evil Dead,” the blood-drenched remake of the 1981 horror classic, “The Evil Dead,” scared up $ 26 million in its first weekend to win the box office race, slashing past another familiar story, the 3D re-release of Steven … Continue reading

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India slashes annual growth forecast

Central Statistics Office says that growth in the year to March is expected to be only 5%, down from 6.2% the previous financial year Financial Times – Asia homepage

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