Sony mulls lower earnings forecast

SEOUL: LG Electronics on Tuesday said its third-quarter net profit plunged as a hefty loss in its flat-panel unit erased profits from mobile phone sales. LG Electronics earned 22.7 billion won 23.8 million in the three months ended September 30, a drop of 85 per cent from the same period last year.

Google HQ to use solar power

SAN FRANCISCO: Google Inc announced what is believed to be the largest solar project undertaken by a US company during a solar energy conference in Silicon Valley on Monday. Google believes the sun eventually can deliver as much as 30 per cent of the power at its 1-million-square-foot campus in Mountain View 8212; a suburb some 56 km south of San Francisco.

Wal-Mart to buy China retail chain

BEIJING: Wal-Mart Stores will pay 1 billion to buy a chain of 100 hypermarkets in China in a deal that could vault it ahead of competitors to become the country8217;s biggest food and department store network.

Isoft open to takeover offers

LONDON: British software developer iSoft Group, which has had problems with a large government contract, said on Tuesday it is open to takeover offers. The announcement came as the company disclosed it expects revenues to drop 10-15 per cent in the first half and in the full year ending April 30.