The smile on Kazuo Hirai's face shows why the yen's drop below 100 to the US dollar is as much a curse for Japan as a blessing. Sony's 43 billion yen (HK$3.26 billion) profit for the fiscal year...
- Tue
- May 21, 2013
- Updated: 6:35am
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Sony
Sony Corporation originated with an electronics shop set up in 1946 in Tokyo, and was officially christened Sony in 1958. Sony gained a reputation for innovation with the launch of the Betamax videocassette recording format and the introduction of the Walkman in 1979. Although its market share has been eroded by products from Samsung Electronics and Apple.
Loeb's Third Point hedge fund asked Sony, which had seen its market value shrink almost 90 per cent from its peak, to sell as much as 20 per cent of its entertainment business in an initial public...
A surge in option market bets on Sony just before a large hedge fund investor announced a big stake and called for a major restructuring of the company has raised concerns that some traders may...
Google has signed licensing deals with Universal Music Group and Sony Music Entertainment to launch a subscription music service that would compete with fast-growing start-up Spotify, according to...
Sony forecast a drop in sales of cameras and game machines this fiscal year as its consumer gadget business struggles despite a rebound in profit to five-year highs and a boost from the weak yen...
Sony executives will give up their bonuses after firm's main electronics business was unprofitable for a second year.
Just a year after re-entering China's mobile market, faded Japanese electronics giant NEC is in rumored talks to sell its mobile phone business to Chinese computer giant Lenovo.
He announced his departure in New York in a speech at the Japan Society on Friday, which was confirmed by Tokyo-based Sony on Sunday. His retirement will come at an annual general shareholders’...
Pan-democrat lawmakers move a Legislative Council motion demanding an investigation into claims by a former ally of Leung Chun-ying about the chief executive's conduct.
Sony yesterday said it was selling its US headquarters in Manhattan, New York, for US$1.1 billion as part of an overhaul aimed at rescuing the Japanese consumer electronics giant's tattered...
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