Business News: G-20 Protests, Sony Losses

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Thousands of police deployed along the French Riviera on Wednesday to stop protesters from disrupting the G-20 summit, where leaders will likely focus on the debt crisis in Europe. Sony says it's heading for an annual LOSS of more than a billion dollars — its fourth straight year of losses.


NPR's business news starts with protests in southern France. Thousands of police have deployed along the French Riviera today. They want to stop protesters from disrupting a meeting of world leaders in the resort city of Cannes. Leaders at the G-20 summit will likely focus on the debt crisis in Europe, which once again revolves around Greece. They may also discuss broader issues like global financial regulation. Protesters want them to focus on issues like the growing gap between rich and poor.


A very rich company is warning investors it could end up losing money again. Sony says it is heading for an annual loss of more than a billion dollars — that would make the fourth straight year of losses for one of the most recognizable brands in the world. The Japanese company says floods in Thailand disrupted production there. Lower prices for TVs and computers have cut into earnings. And also the strong Japanese currency means that Sony effectively gets less money for sales it makes in places like the United States.

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