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LG Suffers Big Q4 Loss

For the fourth quarter, LG saw a $223.98 million net loss, the Korean hardware giant reported this week. As TechCrunch writes, the loss marks “its first company-wide loss for six years -- on account of another poor performance from its mobile division, as revenue fell by nearly one-quarter over the past year.” Indeed, “The company primarily blamed its mobile business, along with its auto components unit, for dragging its figures down.”

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