Leading Chinese TV Exporter Has Huge Loss
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China's biggest television exporter announced losses stemming in part from declining sales and a scandal involving its biggest U.S. customer.
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LOS ANGELES (Dow Jones)--Gemstar-TV Guide International Inc. (GMST) posted a sharply wider third-quarter loss weighed down by a large impairment charge related to its TV Guide business.
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A listed Chinese company that sources jet fuel is in deep trouble after losing $550 million (R3.16 billion) in speculative oil trades, triggering concern over other China-linked stocks on the exchange.
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IBM's personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years.
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Business & money: The investment bank blames actions of single trading team for losses of $9.4bn
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Sichuan Changhong Electric, a leading Chinese television maker, is working on plans to recover part of a $467.5m debt it says it is owed by Apex Digital, a US electronics distributor.
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BEIJING, Dec. 28 -- Sichuan Changhong Electric Co. Ltd. (600839.SH), one of ChinaÂ¡Â¯s leading television set makers, was likely to post a profit slump this year, the countryÂ¡Â¯s leading financial newspapers reported Monday.
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BEIJING -- Chinese stocks plunged Monday following government efforts to cool a market boom, recording their biggest one-day drop since a late February drop that triggered a global market sell-off.
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The troubled sports car firm TVR is sold back to its previous owner, sparking anger among union officials.
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Chinese shares tumbled nearly 5 percent in their biggest one-day loss in eight months on Wednesday amid mounting worries over high stock valuations.
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China's digital TV industry to boom    BEIJING, Sept. 20 (Xinhua) -- The newly-announced terrestrial digital TV standard will help make digital TV a 500 billion yuan (62.5 billion U.S. dollars) business in China in 2015 as opposed to the paltry 40 billion yuan chalked up in 2002.
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The company that ran phone competitions for GMTV is fined a record Â£250,000 after viewers lost an estimated Â£20m.
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Vietnam's shoe industry will face massive losses and lose thousands of jobs due to the new European Union anti-dumping measures levied on its exports, state media says.
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TiVo reported a quarterly loss seven times the size of its loss a year ago, largely because of hefty legal costs associated with a high-stakes intellectual property patent dispute.
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Ebay, the world's biggest online auctioneer, is to close its primary China site and form a new partnership with Beijing based, Tom Online, according to news reports. Ebay is expected to pay $40 million for a 49% stake in the venture.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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Quality Distribution is hammered after reporting a large loss for the second quarter.