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Sony reported another quarterly loss of $390m Sony’s revenues for the April-to-June period, its fiscal first quarter, were down 19% from a year earlier to 1.6 trillion yen The Japanese company made a net loss of 37.1bn yen ($390m; £237m) between April and June, compared with a profit of 35bn yen

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Continental Airlines makes 1,700 jobs cuts Continental Airlines has said that it is to cut 1,700 jobs amid a slump in revenue and passenger numbers. The airline is also increasing its fees for checking in bags and for making reservations by telephone.

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Government debt in the UK has risen to a record £799bn, or 56.6% of UK GDP – the highest since records began in 1974. New borrowing in June was £13bn, almost twice as much as a year ago, the Office for National Statistics said, after the downturn shrank tax receipts.

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Suzlon Energy – $108 milion GDR Issue Suzlon Energy Ltd has announced that the issue of GDRs has been priced on July 21, 2009 for a total amount US$ 108.04 million comprising of 14,600,000 GDRs. The price per GDR is fixed at US$ 7.40. Each GDR would represent four equity shares of the Company.

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FCS Software Solutions Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 22, 2009, inter alia, to consider the following: 1. To consider the proposal for sub-division of the shares into smaller

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The US broadcaster ESPN has announced plans to launch a new UK sports channel, called ESPN, on 3 August 09. The channel will show 46 live Barclays Premier League football games, which were to have been shown by Setanta until its recent financial problems. The channel will also show some of the US sports to [...]

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American International Group is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said. AIG has been talking with Washington’s newly-appointed compensation czar Kenneth Feinberg about the bonuses, which are due to be paid on July 15

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UK House prices fell 0.5% in June According to the latest property survey from the Halifax property prices had dropped by 0.5% last month, partly reversing a large 2.6% rise in May. Despite June’s decrease in house prices, the annual rate of decline eased from 16.3% to 15% last month.The average UK property now

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Aegis Logistics approves Buy-back of shares Aegis Logistics Ltd has announced that the Board of of the Company at its meeting held on July 09, 2009, has passed a resolution approving buy-back of shares through open market purchases through Stock Exchange upto a maximum price of Rs 143/- per share for a total value

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