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Sony Corp

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  • *Yakult dives 10 pct to 4- week low on Danone stake sale report. Yakult Honsha Co was one of the big losers of the day, diving 10 percent to a four-week low of 6,010 yen after Bloomberg reported that France's Danone SA is weighing a sale of its 20 percent stake in the company. The Nikkei has gained on the back of the Bank of Japan's surprise Oct. 31 easing, the Government...

  • Sony Pictures computer system down after reported hack Tuesday, 25 Nov 2014 | 12:50 PM ET

    Before Sony Pictures' computers went dark on Monday, the screens displayed an image of a red skeleton with the phrase "Hacked By# GOP," according to the Los Angeles Times. Sony Pictures spokeswoman Jean Guerin said the company's network was down as it dealt with "a system disruption" and that technicians were "working diligently" to resolve the issue.

  • As part of the settlement, Sony will stop making the inaccurate claims and will give people who had purchased the device either a $25 refund or $50 voucher to buy other games, the FTC said. Sony and its advertising company, Deutsch LA, had claimed inaccurately the console would enable consumers to play remotely and would allow them to begin a game on the PlayStation...

  • Sony settles with gov't over gaming console ads Tuesday, 25 Nov 2014 | 12:04 PM ET

    WASHINGTON— Hundreds of thousands of people who bought the handheld gaming console PlayStation Vita are in line for a partial refund from Sony because of questionable claims in its advertising. As part of the proposed settlement, Sony will provide refunds to those who bought the PS Vita console before June 1, 2012. They'll be eligible for either a $25 cash or...

  • WASHINGTON, Nov 25- Sony Computer Entertainment has agreed to settle allegations that it misled consumers about features of its PlayStation Vita handheld gaming console, the Federal Trade Commission said on Tuesday. As part of the settlement, Sony will stop making the inaccurate claims and will give people who had purchased the device either a $25 refund or...

  • TOKYO, Nov 25- Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multi-billion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years. Having lost ground to nimbler rivals like Apple Inc and Samsung Electronics Co Ltd in consumer electronics, Sony...

  • Chinese stocks hit another three-year high on Tuesday as investors celebrated the central bank's rate cut while the rest of Asian indices were mixed.

  • Nikkei edges up; Sony shines on revenue target Tuesday, 25 Nov 2014 | 1:13 AM ET

    TOKYO, Nov 25- Japanese stocks ticked up on Tuesday as China's unexpected interest rate cut on Friday encouraged investors to catch up following Tokyo's long holiday weekend. The Nikkei benchmark closed up 0.3 percent at 17,407.62. Sony jumped 6.1 percent as the struggling electronics giant said it expects a near-70 percent jump in revenue for its electronic...

  • Why Sony needs to 'go back to basics'     Tuesday, 25 Nov 2014 | 12:24 AM ET

    Rob Enderle, President and Principal Analyst at Enderle Group, discussses Sony's progress in its restructuring plan and explains why the firm's content business could be its weakest link.

  • Sony: Resuscitation or reinvention?     Monday, 24 Nov 2014 | 10:34 PM ET

    Bradley Gastwirth, CEO at ABR Investment Strategy, says Sony needs to resuscitate itself and should focus on the PlayStation to do so.

  • TOKYO, Nov 25- Japan's loss-making Sony Corp said it's targeting a near 70 percent jump in revenue for its electronic devices division over the next three years, even as it warned further restructuring is in store for its TV and smartphone units. The ambitious plan to hoist revenue at the division housing its growing image sensor business, to between 1.3 trillion...

  • *Sony jumps to 3 1/ 2- year high on growth hopes, broker upgrade. TOKYO, Nov 25- Japan's Nikkei share average rose on Tuesday morning as Wall Street's gains and China's interest rate cut encouraged investors to play catch-up after a long weekend. JPMorgan raised its rating on Sony to' overweight' from' neutral', saying that bad news about its mobile phone and TV...

  • Sony sees 70 pct jump in devices revenues in 3 years Monday, 24 Nov 2014 | 8:25 PM ET

    TOKYO, Nov 25- Japan's loss-making Sony Corp said it expects revenue for its electronic devices division to rise up to 69 percent over the next three years, to as much as 1.5 trillion yen, as it works through an extensive restructuring plan. The forecast was released on Tuesday at the start of a Sony investors' conference on prospects for its electronics division.

  • Why mobile will be Sony's magic bullet     Monday, 24 Nov 2014 | 7:34 PM ET

    Daniel Ives, Managing Director of FBR Capital Markets, says the Japanese consumer electronic giant needs be aggressive in building new content within the mobile space.

  • What to expect from Sony's investor briefing     Monday, 24 Nov 2014 | 5:35 PM ET

    Ahead of Sony's investor briefing on Tuesday, Bill Fries, Co-Manager of Thornburg International Value Fund, explains his optimism for the electronics giant's turnaround plan.

  • 'Queen Latifah Show' to end after its 2nd season Friday, 21 Nov 2014 | 4:25 PM ET

    NEW YORK— "The Queen Latifah Show" will be ending after this season. Queen Latifah vowed "to be more loose, more playful, more fun, more provocative." Even so, Sony thanks Queen Latifah and her team for creating a program they're all "very proud of.

  • *Sees FY profit of $3.40- $3.55/ shr. Nov 20- GameStop Corp posted quarterly revenue and profit well below analysts' estimates as the delayed release of "Assassin's Creed Unity," and flagging videogame software sales more than offset high demand for PlayStation 4 and Xbox One consoles. GameStop narrowed its fiscal 2014 earnings forecast to $3.40- $3.55 per share...

  • Software will lead the way for Sony: Pro     Thursday, 20 Nov 2014 | 7:00 PM ET

    Amir Anvarzadeh, Director of Japan Equity Sales at BGC Securities, says analysts should pay more attention to Sony's software business and discusses the tech giant's restructuring progress.

  • Nov 20- GameStop Corp reported quarterly revenue and profit well below analysts' estimates as the delayed release of Assassin's Creed Unity and flagging videogame software sales more than offset high demand for PlayStation 4 and Xbox One consoles. GameStop said it expected fiscal 2014 diluted earnings of $3.40- $3.55 per share, compared to its earlier...

  • Sony Pictures drops Steve Jobs film Thursday, 20 Nov 2014 | 5:34 PM ET
    Steve Jobs in 2002.

    In a surprise move, the studio left the Aaron Sorkin-penned film, once again leaving the project in flux.