NEWS BY INDUSTRY

Japanese consumer electronics company Sony Corp., Wednesday, at its Corporate Strategy Meeting, said it expects to achieve financial targets for fiscal year 2014 announced on April 12. The firm aims returning electronics business to profit in fiscal year ending March 31, 2014, and said it continues to strengthen the overall financial foundations of the Group.

Cable & Wireless Communications Plc. (CWC.L) Wednesday reported a profit for the year compared to a loss last year, amid lower exceptional items. The company added that it has set a new target to drive $100 million of savings.

Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.