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Stock Market & Financial Investment News

News Breaks
April 9, 2012
05:07 EDTSNESony to cut about 10,000 jobs over two years, WSJ reports
Sony Corp. (SNE) will cut an estimated 10,000 jobs in the next two years as part of a restructuring plan, reports the Wall Street Journal. Reference Link
News For SNE From The Last 14 Days
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September 19, 2014
10:12 EDTSNESony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
September 18, 2014
11:39 EDTSNESony's no-dividend policy could be sign of hope, not doom, Nikkei reports
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10:17 EDTSNESony Computer Entertainment division upbeat on 2014 profit, Reuters reports
The head of Sony's PlayStation division aims to raise its profit outlook for 2014 due to the strong sales of the latest PalyStation 4 and the rollout of games and content for its network services, reports Reuters. In an interview with Reuters, Sony Computer Entertainment CEO Andrew House said We raised our profit prediction and I hope that's a trend we can continue, even within this fiscal year." Sony has sold 10.3 million PlayStation 4 consoles as of Sept. 6. Reference Link
07:27 EDTSNESony CEO says 'running out of options' for electronics unit, WSJ reports
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07:26 EDTSNEGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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06:45 EDTSNEMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 17, 2014
09:10 EDTSNEOn The Fly: Pre-market Movers
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07:08 EDTSNESony volatility expected to move after raises its net loss forecast
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06:18 EDTSNEAU Optronics enters Sony SmartWatch 3's supply chain, DigiTimes reports
AU Optronics (AUO) has entered Sony Mobile's (SNE) supply chain for the SmartWatch 3, reports DigiTimes. AUO will supply 30% of the 1.6-inch panels for the new smartwatch. Reference Link
05:34 EDTSNESony lowers FY14 net loss estimate to 230B from 50B yen
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September 15, 2014
11:45 EDTSNEMicrosoft slips after confirming purchase of Minecraft maker
Shares of software giant Microsoft (MSFT) are lower after the company reached an agreement to acquire Mojang, the developer for the "Minecraft" video game franchise. WHAT'S NEW: Microsoft announced this morning that it agreed to acquire Mojang for $2.5B. The company expects the acquisition to be break-even in FY15 on a GAAP basis. The acquisition is expected to close in late 2014. Microsoft plans to continue to make "Minecraft" available across all the platforms on which it is available today, which include its own Xbox platform, as well as on PCs, iOS, Android, and Sony's (SNE) PlayStation. "Minecraft" has had more than 100M downloads on PC alone since its launch in 2009, the company stated. WHAT'S NOTABLE: The announcement confirms a Wall Street Journal report from September 9 that said Microsoft was nearing a deal to buy the game maker for more than $2B. The report noted a Mojang acquisition would be the first multi-billion dollar acquisition by CEO Satya Nadella and it may be an unexpected push after Nadella had signaled a focus on its enterprise business rather than its consumer ones. Ahead of the acquisition, Reuters reported on September 13 that the impending purchase is aimed at pulling users onto Microsoft's Windows Phone platform. In the report, Tap Lab CEO Dave Bisceglia said, "If Microsoft could on Windows phones give players a unique and compelling experience that you can't get on the other platforms, that could be a driver to sell devices to existing Minecraft fans.” ANALYST OPINION: The Reuters report also cited Nomura analyst Rick Sherlund, who said "We don't view this acquisition as a signal of Microsoft's intent to double down on Xbox but consider it an attempt to better address mobile on a cross-platform basis." Also commenting on Microsoft this morning was Morgan Stanley, which expects the company to have a durable 12%-14% total return profile from full-year 2015 to full-year 2017. The firm increased its price target on the stock to $51 from $43, but with Microsoft trading at a 13% premium to the S&P, Morgan Stanley said investors should wait for better entry points before getting more aggressive in buying the shares. The firm added that Microsoft's solid enterprise business, stabilizing consumer business, and a shift towards more attractive cloud assets puts its on a more solid footing than it has ever seen, pointing towards sustained EPS growth. PRICE ACTION : In late-morning trading, Microsoft fell $0.42, or 0.9%, to $46.28.
07:29 EDTSNESony's 'No Good Deed' tops weekend box office, WSJ reports
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06:25 EDTSNEWearable orders appear optimistic in 2014, DigiTimes reports
Supply chains are seeing optimistic demand throughout 2014 for wearables, reports DigiTimes. Makers are seeing orders for flexible AMOLED panels and component orders for 1.56-inch panels. Reference Link
September 12, 2014
08:05 EDTSNERockstar Games says Grand Theft Auto V to launch Nov. 18 for PS4, Xbox One
Rockstar Games (TTWO) announced that Grand Theft Auto V will arrive on the PlayStation 4 (SNE) computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft (MSFT) on November 18, with the PC version to follow on January 27, 2015.
07:19 EDTSNESony confirms PS4 tops U.S. console sales for eighth straight month
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07:19 EDTSNEConsoles lead video game sales up 8% in August, Bloomberg reports
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06:30 EDTSNEGlobal tablet shipments to increase 9.1% in Q3, DigiTimes Research reports
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05:41 EDTSNESony collaborates with Teradek
Teradek announced collaboration with Sony to integrate Sony’s wireless camera adapter, the CBK-WA100 and CBK-WA101, with Teradek’s T-Rax and Slice H.264 decoders. The integration offers broadcasters a powerful point-to-point MPEG-2 solution for HD live video transmission from the field to TV stations or ENG trucks.
September 10, 2014
12:46 EDTSNESony Entertainment CEO says division spin-off 'not happening,' NY Post reports
The CEO of Sony's entertainment division, Michael Lynton, said that Sony is not entertaining a sale, spin-off, or joint venture of its entertainment business, New York Post reports, citing an overview of the business from Lynton during Golgman Sachs' Communacopia conference. Lynton also said that the entertainment division's music business has a very bright future, and the company "really wants the subscription model to thrive." Lynton also said that network TV is a promising business if producers know the landscape of the international market, New York Post added. Reference Link
10:01 EDTSNEViacom and Sony reach internet distribution agreement
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