Hitachi shares plunge 17 percent on record loss warning
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20090202/2009_02_02t043042_450x298_us_hitachi.jpg?x=130&y=86&q=85&sig=4jSyaRmE24.EjIjlGVBl0A--" align="left" height="86" width="130" alt="A man passes a logo of Japan's Hitachi Ltd at the company's reception in Tokyo February 2, 2009. Shares in Hitachi dived 17 percent to a near 29-year low on Monday after its warning of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs of restructuring its sprawling operations. (Yuriko Nakao/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090202/bs_nm/us_hitachi)Reuters - Shares in Japan's Hitachi Ltd (6501.T) slid 17 percent to their lowest in 29 years after it shocked investors with a record $7.8 billion annual loss warning and offered a cost-cutting plan that failed to instill confidence in a quick recovery.</p><br clear="all"/>
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