Archive for July 2009
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Canon’s Second Quarter Profit Crushed by Economic Downturn
Canon Inc. said second quarter profit plunged 86 per cent as the global economic downturn weighed on sales of its copy machines, printers and digital cameras while a stronger yen reduced overseas earnings. Canon’s net profit was 15.6 billion yen (US$164 million) for the April-June quarter, down from 107.8 billion yen a year earlier. Revenues [...]
