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Sony warns of deeper loss as it exits PC business

AP FILE PHOTO

Sony on Thursday warned it would report a bigger-than-expected annual loss, blaming costs tied to its exit from the personal computer business, as the once-mighty firm undergoes a painful restructuring.

Posted: May 1st, 2014 in Latest Business Stories | Read More »

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

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 »

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