ATHENS, Greece – Moody's Investors Service slashed Greece's credit rating to junk status on Monday in a new blow to the debt-ridden country that is un

Battery maker Valence Technology Inc. said Monday that its fiscal fourth-quarter loss widened on lower sales of large battery systems as well as higher expenses.

The company reported a loss of $5.1 million, or 4 cents per share, in the quarter ending March 31. Valence recorded a loss of $4.4 million, or 4 cents per share, in the year-ago quarter, when the company had fewer shares outstanding.

Revenue dropped to $3.9 million from $4.7 million.

Analysts surveyed by Thomson Reuters expected a loss of 4 cents per share on revenue of $4.3 million.

Operating expenses increased to $4.6 million from $3.7 million.

For the full fiscal year, Valence lost $23.2 million, or 18 cents per share, compared with a loss of $21.4 million, or 18 cents per share, in the 2009 fiscal year.

Shares of Valence finished regular trading unchanged at about 91 cents.