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LG Electronics Parent-based 2011 Net Loss Narrows - Quick Facts

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1/31/2012 9:34 PM ET

South Korea's LG Electronics (LGERF.PK) reported its parent-based net loss in 2011 narrowed to 277.9 billion won from 635.9 billion won last year.

The operating loss for 2011 narrowed to 299.2 billion won from 1.1 trillion won a year earlier, the company said in a regulatory filing.

Sales fell 3.9% to 28.1 trillion won from 29.239 trillion won a year ago.

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Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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