Sony's fall could be great news for Abenomics
Once the pride of Japan, Sony is now a cautionary case study in complacency and mismanagement. But its latest stumble could turn out to be great news for the world's No. 3 economy.
Sony, Panasonic, Japan Display to form new company to develop OLED
Sony Corp., Panasonic Corp. and Japan Display Inc. plan to set up a new company later this year to develop small and medium-sized organic light-emitting diode displays for use in tablet devices, sources said on Wednesday. The new company will receive funding from the Innovation ...
Sony Corp. will solicit applicants for early retirement from its corporate planning and finance sections at its Tokyo headquarters starting in August as it restructures and cuts costs, sources said Tuesday. The program is part of a reform plan unveiled in February that includes slashing ...
Sony Corp. has completed the sale of its Vaio personal computer business to a Tokyo-based investment fund and split its television operation as it restructures to turn around its flagging electronics business. Sony's Vaio-brand PC business in Japan was transferred to a company named Vaio ...
Sony Corp.'s movie and TV unit will snap up Britain's CSC media network, adding to a string of acquisitions designed to shift its focus from movies to higher-margin television programing. Sony Pictures Television, the company's TV programing and network unit, said on Thursday it would ...
U.S. consulting firm Interbrand said Tuesday that five Japanese companies were among the 10 best global green brands in 2014, recognizing their work on tackling environment problems. Ford Motor Co. took the top spot for its commitment to electric vehicles, ousting Toyota Motor Corp., which ...
Sony Corp. Chief Executive Officer Kazuo Hirai apologized to investors Thursday after the maker of PlayStation consoles and Xperia smartphones projected a sixth loss in seven years. "Sorry that we failed to meet shareholders' expectations," Hirai said at the company's annual meeting in Tokyo. "We ...
Sony pins hopes on gaming unit to shore up profits
Sony Computer Entertainment Inc.'s release of a plethora of software titles in the coming month for the PlayStation 4 will be followed closely by its financially struggling parent company. As the 2014 Electronics Entertainment Expo, or E3, opened Tuesday, Sony Corp. is betting that the ...
Sony Corp. became the first World Cup sponsor to call for a thorough investigation into accusations bribes were paid to secure the 2022 tournament for Qatar, raising pressure on soccer chiefs who have threatened to move the event if the allegations are proved true. Soccer's ...
Media eyes trend-setting Sony's loss of momentum
Let's travel back 62 years. On the evening of Dec. 4, 1952, after NHK radio signed off its regular AM programming, an announcer proclaimed: "Tokyo Tsushin Kogyo and NHK now commence a joint experimental stereo broadcast." In principle, stereophonic sound reproduction requires separation of the ...
Coup fallout: Sony joins Panasonic in avoiding travel to Thailand
Sony Corp. and Panasonic Corp. are among companies advising workers against traveling to Thailand, as evidence mounts that political turmoil in the country is undermining business activity there. European hotel operator Accor SA has seen its hotel business in Bangkok plunge about 30 percent this ...
Hirai refuses to pull plug on Sony TV business
Sony CEO Kazuo Hirai said Thursday the company still expects to turn around its loss-making home electronics business, which includes TV sets, this fiscal year after completing restructuring. "When I became president, (Sony) decided rebuilding the electronics business was the most important issue, and we ...
