Sony reports $1 bln annual loss, first in 14 years

(AP) -- Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.

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<p><a href="http://www.physorg.com/news161515057.html">Sony reports $1 bln annual loss, first in 14 years</a></p> <p>(AP) -- Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.</p>