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Sony to cut 5,000 jobs as part of restructuring

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Sony on Thursday said it would cut 5,000 jobs from its workforce, saving more than $1.0 billion annually as the Japanese electronics giant undergoes a painful restructuring.

Posted: February 6th, 2014 in Latest Business Stories | Read More »

Sony rediscovers its mojo … with a smartphone

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SONY’S new Xperia Z1 is, among other things, waterproof.

There was a time when a revolutionary device called the Walkman was the first and last word when it came to portable music. Long before the invention of the iPod, the must-have music player that wowed users all over the world was a rudimentary cassette tape player with headphones.

Posted: October 26th, 2013 in Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Sony back in black on cheap yen, healthier sales

A customer visits a Tokyo electronics store to check out Sony's Bravia 4K flat-panel TVs in Tokyo, Thursday, May 9, 2013. Sony Corp. is back in the black for the fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings. AP photo

Sony Corp. is back in the black for the fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen that boosts overseas earnings.

Posted: May 9th, 2013 in Latest Business Stories | Read More »

Sony executives give up bonuses

A man looks at Sony's Bravia flat panel TV sets on display at a Tokyo electronics store Thursday, November 1, 2012. AP FILE PHOTO

Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.

Posted: May 2nd, 2013 in Latest Business Stories | Read More »

Sony trims quarterly loss to $115 million

A shopper takes a look at Sharp's Aquos flat-panel TVs at an electronics store in Tokyo in this January 31 photo. AP

Sony is still struggling but has reduced its red ink for the latest quarter to a 10.7 billion yen ($115 million) loss.

Posted: February 7th, 2013 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Sony mulls battery business sale–report

sony

Sony is in talks with suitors including Taiwan’s Hon Hai Precision over the sale of its battery business, a report said Thursday, as the Japanese firm tries to repair its dented balance sheet.

Posted: November 29th, 2012 in Latest Business Stories | Read More »

Fitch cuts ratings on Panasonic, Sony to junk

An outdoor lamp is illuminated near a logo of Japan's Panasonic at its head office in Tokyo. Fitch on Thursday, Nov. 22, 2012, dealt another blow to the Japan's embattled electronics sector, cutting its credit rating on industry titans Panasonic and Sony to junk status. AFP

Japan’s embattled electronics sector suffered another blow on Thursday as ratings agency Fitch downgraded industry titans Sony and Panasonic to junk status for the first time.

Posted: November 22nd, 2012 in Latest Business Stories | Read More »

Sony reduces loss on sales recovery, restructuring

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A man looks at Sony's Bravia flat panel TV sets on display at a Tokyo electronics store Thursday, November 1, 2012. AP FILE PHOTO

Sony Corp. reported Thursday a smaller flow of red ink for the fiscal second quarter on a sales recovery and restructuring efforts and stuck to its full year forecast for a return to profit from its worst loss in company history the previous year.

Posted: November 1st, 2012 in Latest Business Stories,Photos & Videos | Read More »

Sony falls below 1,000 yen for first time since 1980

sony

Sony shares tumbled below 1,000 yen for the first time since 1980 as the Tokyo stock market plunged early Monday following a dismal performance from Wall Street and amid global economic concerns.

Posted: June 4th, 2012 in Latest Business Stories | Read More »

Sony posts record $5.7 billion full-year loss

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Sony Corp. Chief Financial Officer Masaru Kato bites his lips during a news conference at the company's head office in Tokyo, Thursday, May 10, 2012. Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new president.  AP PHOTO/SHIZUO KAMBAYASHI

Japanese electronics giant Sony on Thursday posted a record full-year loss of $5.7 billion, but vowed it would swing back into the black this year as it embarks on a huge restructuring plan.

Posted: May 10th, 2012 in Latest Business Stories | Read More »

Sony turnaround plan ‘no great shakes’ – analysts

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Sony has little chance of winning back its reputation as an innovator or vaulting ahead of stronger rivals with the “ordinary” turnaround plan its new chief unveiled last week, analysts said.

Posted: April 15th, 2012 in Latest Business Stories | Read More »

Sony says it will cut 10,000 jobs amid restructuring

Sony's new chief Kazuo Hirai speaks during a press briefing to announce his plans to turn around the iconic firm at the company's headquarters in Tokyo on April 12. Sony said it would cut about 10,000 jobs in the fiscal year ended March as the struggling electronics and entertainment giant moves to stem massive losses. AFP

Sony on Thursday said it would cut about 10,000 jobs in the fiscal year ending in March 2013 as the struggling electronics and entertainment giant moves to stem massive losses.

Posted: April 12th, 2012 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

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