still banking

Toshiba, Japan's largest chip maker, reported a quarterly loss on Wednesday after the global economic slowdown aggravated a glut in the market for chips used to store data in consumer electronics.

The net loss was yen26.8 billion, or about $275 million, in the three months that ended Sept. 30, compared with a yen25 billion profit a year earlier, the company said. Sales fell 7 percent to yen1.88 trillion.

Toshiba joins Samsung Electronics and Sony among electronics makers reporting lower earnings this month.