LG Electronics to cut expenses massively to stay competitive
South Korean consumer electronics giant LG Electronics has announced that they are working on plans to cut $2.2 billion in costs.
LG also said that they expect around a 20 percent sales decline in dollar terms this year mainly due to struggling economy.
The company however said that [...]

LG Electronics posts a 4th quarter net loss
South Korean tech giant LG Electronics has also posted a 4th quarter net loss.
The company suffered from slowing down sales of TVs. LG also had to pay a hefty price-fixing fine put on their LG Display division.
LG has posted a loss of 671.3 billion won in [...]

LG Display posts a major loss
LG Display has come out with their latest revenue report.
The company has posted a record quarterly loss.
This was mostly due to the heavy fines placed on the company over price-fixing charges.
The company also suffered due to falling panel prices as the demand is low in the market.
LG Display posted [...]

Esko Aho is the new head of corporate relations at Nokia
Mobile phone maker Nokia has named former Finnish Prime Minister Esko Aho as their new head of corporate relations.
He would start his work in the company from November this year.
He would take over from Veli Sundbaeck who would retire from the company sometime next year.
Aho [...]

LG Electronics gains on mobile phone sales
LG Electronics has said that they have posted a net profit in the first quarter mostly due to impressive sales of their mobile phones.
The company had posted a loss in the same period previous year.
LG also gained from its investments in the LG Display market.
The company earned 422 billion [...]