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.» Read More
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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.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Spider-Man caught just about everyone in his web. The super hero's latest adventure, "Spider-Man 3," smashed box-office records with a $148 million haul in its first three days, according to studio estimates Sunday.
"Spider-Man 3" is breaking records, and it hasn't even opened in the U.S. yet; it premiered in Tokyo in April, and opened in 16 Asian and European countries on Tuesday, bringing in $29 million dollars on its first day alone.Throughout Asia, the film opened bigger than the first and second films in the series; in some countries, it out-grossed the combined opening day of Spidey 1 and 2. And in some countries, the movie broke records for the biggest single-grossing day ever.
Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."
"Spider-Man 3" smashed box office records across eight Asian markets Tuesday, as the superhero sequel got a head start on the rest of the world, the film's distributor said.
The architect of Sony's PlayStation, Ken Kutaragi, will step down on June 19, at a time when the Japanese company is fighting to reassert its lead in the video game market.
Sony on Thursday said that Ken Kutaragi, inventor of its PlayStation video game consoles, will retire as chairman and group chief executive of Sony Computer Entertainment effective June 19.
Sony will raise about $2.5 billion by listing its financial unit and aims to use the funds to improve its core electronics operations, the Nikkei business daily reported on Thursday.
Hey folks, here are today's trivia questions. The video question is worth $2,000 Bonus Bucks: According to the Alix Partners brand survey, which company was voted the least trusted brand in America? Your selection of answers is: Microsoft or Kraft or Ford or Sony. The news question is worth $1,000 Bonus Bucks: How many vehicles did Toyota sell worldwide in the January-March quarter? Your selection of answers is: 2.348 Million or 4.663 Million or 5.347 Million or 5.139 Million.
The face of Hannibal Lecter was no match for Shia LaBeouf in a box-office battle of murder thrillers.
U.S. sales of video games, devices and accessories rose 33% to $1.1 billion in March, propelled by sales of new video game consoles like the last-generation PlayStation 2 from Sony, market research firm NPD said.
Mobile phone maker Sony Ericsson said Friday that first-quarter earnings more than doubled on strong sales of its Walkman music handsets.
Hewlett-Packard maintained its lead over Dell in the global personal-computer market in the first quarter, market researcher IDC said on Wednesday.