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Attributing to the strength of the Japanese yen and a slowdown in LCD televisions, Sony Corp faced a decline in its net income to $886 million in the third quarter.

 
 
The Geneva-based World Economic Forum (WEF) would be playing host to officials from top companies around the world, heads of states, academicians and faith leaders.
The technology giant's total revenues increased 7 per cent from the year-ago period to $29 billion in the fourth quarter of 2010. It posted a net of $5.3 billion.
The strong quarterly numbers came a day after its iconic founder and chief executive Steve Jobs announced he was taking medical leave for unspecified health problems.
Sunil Bhalla, a senior executive with Polycom, along with three others was named in fresh charges filed by the US Securities and Exchange Commission on Monday.
The US-based firm had announced in November last year that its board of directors has approved the separation of Motorola Mobility Holdings Inc from Motorola Inc.
 
 
Huawei and Motorola have had a cooperative relationship since 2000, in which Motorola resold Huawei's products to customers under the Motorola brand name.
The financial services major, however, has still managed to cut down its losses compared to the $5.2 billion loss in the corresponding quarter last financial year.
Outgoing CEO Eric Schmidt will assume the role of Executive Chairman, focusing externally on "deals, partnerships, customers and business relationships".
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