Sony Ericsson's much worse than expected fourth quarter performance -- with pretax losses of 247 million euros -- has wiped out all of its profit for 2011. The world's ninth-biggest mobile phone maker was hit by the global downturn, which led to cuts in handset prices. Fourth-quarter sales -- which usually jump due to the holiday season -- fell 16 percent year-on-year. ... http://www.euronews.net/