[Reuters] Hitachi warns of $7.8 billion loss, to restructure

Posted by: UGN Security

[Reuters] Hitachi warns of $7.8 billion loss, to restructure - 01/30/09 08:22 AM

TOKYO (Reuters) - Japan's Hitachi Ltd warned of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs to restructure its sprawling operations, joining a growing list of technology companies affected by the deepening recession.