Sony's rigorous plan unveiled this week to turn the company's fortunes around appears to have convinced not just markets, but analysts as well.» Read More
Entrepreneurs behind Silicon Valley startup Lala.com hope to transform the CD-swapping site into a music portal where members can download songs directly to their iPods, bypassing the computer hard drives where most music is stored.
Internet television service Joost named former Cisco senior executive Mike Volpi as its new chief executive on Tuesday, choosing a telecom veteran to lead the company as it courts big media to show programming on its site.
Sony said Monday it is including a small surprise with the new Blu-ray high-definition movie disc player it is shipping this week: a price tag $100 (euro74.40) lower than previously announced.
"Pirates of the Caribbean: At World's End" led the North American box office for a second weekend, while the pregnancy comedy "Knocked Up" opened at a distant No. 2 with better-than-expected sales.
The parent of MySpace is buying the media-sharing site Photobucket for about $300 million, bringing together two of the Internet's most popular hangouts.
Viacom said on Wednesday it will sell its Famous Music publishing unit to Sony/ATV Music Publishing.
Viacom Inc. said Wednesday it will sell its Famous Music publishing unit to Sony/ATV Music Publishing. The total value of the deal is $400 million, including $370 million in cash and debt of $30 million, according to a source familiar with the talks.
Private equity group Terra Firma officially launched its agreed 2.4 billion pound ($4.7 billion) bid for music group EMI on Wednesday, effectively setting a June 27 deadline for any counter-bids.
Sony says it will introduce its first HD Radio products in July, joining the growing group of companies seeking to make the next-generation digital radio technology a standard feature in audio products over the next several years.
Apple, Sony, NYSE Euronext and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Vivendi's Universal Music won conditional approval from the European Commission on Tuesday to buy BMG Music Publishing for 1.63 billion euros ($2.19 billion), making it the world's largest music publisher.
Stocks ended mixed as the S&P 500 failed to hold above its previous record, despite another busy day of mergers and acquisitions activity. "Everyone knew that the S&P was going to reach its old record but clearly there is resistance there," said Stephen Porpora, managing floor broker at William O'Neil.
"Shrek the Third" took in $122 million in its first weekend, breaking the franchise's own record for best debut ever for an animated film, according to studio estimates Sunday. The latest adventure of the ogre shot past 2004's "Shrek 2," the previous record-holder for animated openings with $108 million.
The guys go behind the headlines and give you their take on... climbing prices at the pump... "beans in the teens"... and more. Find out where they see fast money.
Shares of Sony jumped to a five-year high on Thursday after the electronics maker forecast a six-fold jump in annual profit on sales of LCD TVs and expectations for smaller losses in its game division.
Sony reported a wider quarterly loss on Wednesday due to losses in its game unit, but it forecast a sharp rise in profit this year as it boosts sales of its PlayStation 3 video game machine and LCD TVs.
Stocks ended broadly higher after new economic data raised hopes of a Fed rate cut, and investors were quick to jump back into the market following recent declines. "I'm not surprised to see the market snap back," said Alec Young, market strategist at S&P Equity Research. "The market was kind of overbought -- it was an excellent opportunity for a shakeout."
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
This past week was all about mergers and acquisitions – friendly, hostile, rumored and failed. For now, Qantas remains a public company and the fate of its chairwoman, Margaret Jackson, remains uncertain.
David Bank, managing director at RBC Capital Markets, told CNBC’s “Squawk Box” that the real money from “Spiderman 3” will be made in DVD sales and toys.