Jack Tretton, the president and CEO of Sony Computer Entertainment America, will step down at the end of the month, according to the company.» Read More
TOKYO, Feb 6- Japanese electronics maker Sony Corp warned it expects a net loss of 110 billion yen this fiscal year as it absorbs restructuring costs linked to its moves to exit the personal computer business.
Sony on Thursday unveiled major restructuring measures to turn its fortunes around, but warned that it expects to post a full-year loss on back of the overhaul.
Mykola Golovko, Global Consumer Electronics Industry Analyst at Euromonitor International, says cost cutting in sectors like television, is an ideal short term solution for Sony.
Damian Thong, Senior Analyst, Japan Technology at Macquarie Securities, says Sony needs to fix its electronics business and "'cut away the fat" in order to focus on its PlayStation 4.
TOKYO, Feb 6- Japan's Nikkei average edged higher on Thursday morning as investors bought shares of companies with strong earnings prospects, but gains were limited as the market stayed cautious ahead of the U.S. nonfarm payrolls report due on Friday.
Markets are in wait-and-see mode ahead of Friday's jobs report, but there are a few events Thursday that could sway the market's direction.
Ahead of Sony's third quarter earnings, Bob O'Donnell, Founder and Chief Analyst at Technalysis Research, says the firm should focus more on smartphones.
Sony's plans to quit making personal computers after years of losses focus a spotlight on how it intends to fix its flagship TV division.
Some of the names on the move ahead of the open.
*Sony in talks to sell Vaio Japan business to fund- source. TOKYO, Feb 5- Sony Corp's plans to quit making personal computers after years of losses focus a spotlight on how it intends to fix a much bigger problem- a flagship TV division that has lost $7.5 billion over the last 10 years.
*Sony gains on talks to sell loss-making PC business. TOKYO, Feb 5- The Nikkei average climbed more than 1 percent on Wednesday, bouncing from a four-month low hit the previous day, as investors scooped up recently battered stocks like Panasonic and Toyota Motor following strong earnings results.
Investors ditched Lenovo shares as speculation of a third acquisition added to concerns about its aggressive dealmaking. The FT reports.
Sony shares jumped nearly 8 percent to a one-week high after news that it is in talks to sell its loss-making Vaio personal computer business.
Nintendo's new 10-year strategy includes an unexpected focus on nonwearable health monitors.
A look at Tuesday's midday movers:
Charter's pursuit of Time Warner Cable shows how cable television is trying to protect itself against Internet services like Hulu and Netflix.
Asian equity markets suffered heavy losses on Tuesday after weak economic data sparked fears of a slowing U.S. economy.
TOKYO, Feb 4- Japan's Panasonic Corp said its quarterly earnings more than tripled, extending its renaissance as a maker of high-tech parts for cars and energy-efficient homes with few qualms about selling off legacy businesses that once dragged it into losses.
Turnover faded after a robust morning session, with a good portion coming for Lenovo Group alone as its shares plunged 16.4 percent in its biggest one-day decline since January 2009. A series of brokers downgraded Lenovo's shares on fears recent deals would dilute earnings amid reports of another joint venture with Sony.
*Hong Kong reopens after New Year holiday, China reopens on Friday. Feb 4- Hong Kong shares stumbled in their first Year of the Horse trading on Tuesday, as the reopened market caught up with plunges elsewhere and Chinese growth-sensitive sectors led losses that made benchmark indexes reel.