Ericsson sells its Sony Ericsson stake to Sony

LM Ericsson and Sony Corp. announced Thursday they will go separate ways as Ericsson sells its 50 percent stake in mobile phone maker Sony Ericsson to Sony for euro1.05 billion ($1.46 billion).

Sony Ericsson profits down in 3rd quarter

Mobile phone maker Sony Ericsson posted a break-even third quarter Friday - blaming the drop in earnings on higher taxes and lower margins - and announced that it is shifting its entire portfolio to smartphones next year.

Motorola buy a blow to Google's Android partners

Google's Android partners welcomed the Internet giant's $12.5 billion purchase of Motorola Mobility on Monday but the move may force the handset makers to rethink their strategies, analysts said.

Ericsson reports profit leap, shares slump

Swedish telecom equipment maker Ericsson reported Thursday a 65 percent jump in second quarter net profit on strong sales but this still fell short of expectations and its shares slumped.

Sony to restore Qriocity Thursday, except in Japan

Sony said it would restore all Qriocity online music and video distribution services Thursday everywhere except Japan, after shutting it and its PlayStation Network down in April due to hacker attacks.

Hackers claim another Sony attack

Hackers claimed to have staged another attack on Japanese electronics giant Sony, publishing online a file containing source code for the Sony Computer Entertainment Developer Network.

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