Sohu profit tumbles to $2 million, revenue up

Chinese portal Sohu.com Inc. said Monday its latest quarterly profit tumbled to $2 million due to higher expenses but revenue rose 29 percent, reflecting intense competition in China's Internet industry.

News Corp insurers pay $139M in shareholder suit

News Corp. says that the insurers backing its board of directors will pay the company $139 million to settle shareholder lawsuits over the British phone hacking scandal and the controversial purchase of an entertainment company ...

How to stop illegal downloads

Pay TV's Game of Thrones' phenomenal paid download and on-screen ratings success sets an example all entertainment companies should follow, if they want to slow illegal downloads of their shows.

Sony invites press to mystery New York event

Sony sent out invitations Thursday to a mystery event in New York City on February 20, sparking rumors that the world would get its first look at a new-generation PlayStation videogame console.

CEO says Sony is on track for comeback

Sony Corp., the struggling Japanese electronics and entertainment company, is headed in the right direction although its comeback is not yet complete, its chief executive said Thursday.

PS3 takes console crown from Xbox 360: IDC

Sony's PlayStation 3 bumped Microsoft Xbox 360 from the videogame console sales throne in December, according to a report released Wednesday by industry tracker International Data Corporation.

Sony reduces loss on sales recovery, restructuring (Update)

(AP)—Sony Corp. reported Thursday a smaller flow of red ink for the fiscal second quarter on a sales recovery and restructuring efforts and stuck to its full year forecast for a return to profit from its worst loss in company ...

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