Sony turnaround put on hold (Investor's Business Daily)

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Investor's Business Daily - The Japanese consumer electronics giant expects to post a net loss of about $3.2 bil for its fiscal year ended March, after previously projecting a profit, due to a noncash charge related to tax credits. Sony's annual loss would be its second-largest ever and comes as the company tries to rebound from the Japanese earthquake and tsunami as well as hacking incidents that have affected more than 100 mil user accounts. It fell 1.7% to 26.59.

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