Sony mulls hedge fund's entertainment sale idea
Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
Wireless equipment maker Ericsson AB says it will close down its telecom cable manufacturing operation and cut around 350 jobs in Sweden.
T-Mobile US Inc., the last of the major U.S. carriers to start carrying iPhones, is selling them at a brisk pace, it reported Wednesday.
Taiwan's leading personal computer maker Acer said Tuesday it swung to profit in the first quarter of 2013 thanks to income from foreign exchange and stock sales.
Taiwan PC maker Asustek Computer Inc said Monday its first-quarter net profit rose 21 percent year-on-year on growing demand for tablets including its popular Nexus 7 device.
MediaTek Inc., Asia's largest chipset designer, said Monday its first quarter profit grew 51 percent from a year earlier, boosted by China's flourishing smartphone market.
As Facebook and Google jockey for dominance of the Web, the social networking titan's $5 billion stock offering will give it a hefty warchest for the ongoing fight, analysts said.
Taiwan's Foxconn has admitted that it cannot meet strong demand for Apple's new iPhone 5 due to difficulties in building the gadget, as investors grow concerned about the US giant's future earnings.
On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the ...
Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value.
Japan's Sony on Tuesday said it would book a net loss of about $6.4 billion in the year to March, more than double its previous forecast amid sweeping changes at the struggling electronics giant.
Nintendo Co. returned to profit for the fiscal year ended March 31 as a lift from the weakening yen offset sales struggles caused by software delays for its latest home console Wii U.
Nintendo said on Monday it would release a new console next year to succeed its popular Wii, as it reported earnings slumped due to the strong yen and its 3D handheld player came too late to give a lift.
Shares of Wipro, India's third-largest software firm, slumped as much as 11 percent intraday Monday after it projected weak revenue growth last week owing to global uncertainty.
South Korean panel giant LG Display Co. said Monday that it logged a small profit in the first three months of the year, reflecting slackening orders from its key client, Apple Inc., during a typically slow period for consumer ...