- Toshiba Corp. swung to a net profit of 4.67 billion $42.8 million for the latest quarter as revenue increased 3%. But the Japanese electronics conglomerate cut its earnings outlook for the fiscal year by 29%, reflecting the beating its personal-computer business has taken from cutthroat global competition. Toshiba now expects net profit of 25 billion $228.8 million for the year ending in March, down from its earlier forecast for net of 35 billion $320.4 million. The company maintained its full-year forecast for revenue at 5.7 trillion $51.7 billion.
- NEC Electronics Corp. reported solid gains in net profit for the fiscal first half, thanks...