Sony to axe 10,000 jobs worldwide: report

Sony will cut 10,000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said Monday.

Sony's Hirai refuses to abandon dire TV business

Struggling Japanese entertainment giant Sony will not abandon its cash-bleeding television business, its incoming CEO says, but he acknowledges tough decisions lie ahead including over redundancies.

Time Warner 4Q earnings edge up, beats Street

(AP) -- Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise.

Samsung says to sell 25 mln 'smart TVs' this year

South Korea's Samsung Electronics said on Wednesday it plans to sell more than 25 million "smart TVs" this year as it tries to capture the emerging Internet TV market eyed by competitors including Apple.

Japan's Panasonic set for $10.2 billion loss

Japan's Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.

Hit by yen, Thai floods, Sony sees wider net loss

(AP) -- Battered by weak TV sales, a strong yen and production disruptions from flooding in Thailand, Sony Corp. on Thursday reported a net loss of 159 billion yen ($2.1 billion) for the October-December quarter and projected ...

Apple's TV presence is strong at CES, though it's not there

At the Consumer Electronics Show, models walked around with large, lightweight flat-screen televisions showing vivid nature scenes, executives waved next-generation "magic" remote controls and audiences were treated to demonstrations ...

Sony's Stringer 'to step down' as president

Howard Stringer, the Welsh-born American head of Japanese games, music and electronics giant Sony, is to step down as the firm's president, reports said Saturday, while remaining CEO and chairman.

Moody's lowers Sony rating outlook

Ratings agency Moody's Tuesday lowered the outlook for Sony's A3 long-term debt rating to "negative" as the global electronics giant faces weakening demand for LCD televisions.

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