Business / Corporate Jun 19, 2013

U.S. hedge fund raises Sony stake

U.S. hedge fund Third Point LLC said it has increased its stake in Sony Corp. to around 7 percent, in an apparent attempt to exert more influence as it urges the electronics giant to spin off its lucrative entertainment business. Third Point said Monday in ...

Foreign workers in tight spot as plants close

National Jun 5, 2013

Foreign workers in tight spot as plants close

by Tomomi Miura and Tetsuo Watanabe

Successive closures of plants by large domestic manufacturers as part of operational restructuring have left local governments and civilian groups facing serious problems, among them the increase in unemployed foreign workers. A Japanese-language and business-etiquette class for Japanese-Brazilians was started in Minokamo, Gifu Prefecture, in ...

Business / Corporate May 31, 2013

Sony taps Apple alumni for board

Sony Corp. CEO Kazuo Hirai is trying to win back customers from Apple Inc. with new Xperia smartphones. Adding two former executives of the iPhone maker to Sony's board next month may help. Eiko Harada, who spent seven years as head of Apple in Japan, ...

Sony lab offers a peek into the future

Business May 29, 2013

Sony lab offers a peek into the future

by Kazuaki Nagata

A miniature rotor craft controlled through a head-mounted display and Lego blocks manipulated with a PlayStation controller: These were just a couple of examples of new ideas and creativity on display last week at a two-day open house held by Sony Computer Science Laboratories ...

Sony to mull selling stake in show biz

Business / Corporate May 23, 2013

Sony to mull selling stake in show biz

by Kazuaki Nagata

Sony Corp. said Wednesday that its board of directors will consider a proposal by a U.S. hedge fund to put on the stock market a minority stake in Sony's entertainment division, retracting an earlier statement that they won't be put up for sale. Daniel Loeb, ...

Business / Corporate Apr 26, 2013

Sony raises profit forecast on asset sales, weaker yen

Sony Corp. raised its annual profit forecast Thursday amid a weaker yen and gains from selling offices and stock holdings. Net income was probably ¥40 billion in the year ended March, up from an earlier projection of ¥20 billion, the company said. Selling properties and other ...

Former Sony chief Stringer plans to retire in June

Business / Corporate Mar 10, 2013

Former Sony chief Stringer plans to retire in June

Howard Stringer, chairman of Sony Corp.'s board, has announced he will retire after a shareholders' meeting in June. "A new world is opening up for me," Stringer said Friday in a speech in New York, adding he plans to spend his retirement on education- and ...

Business / Corporate Feb 23, 2013

Sony expects 'pent-up demand' to boost PS4 sales

Sony Computer Entertainment Inc. President Andrew House anticipates a strong launch of the newly unveiled PlayStation 4, the first overhaul of the iconic gaming device since 2006. "This has been a lot longer life cycle than we have previously seen," House said Thursday. "There is ...