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Stock Market & Financial Investment News

News Breaks
January 18, 2013
04:57 EDTSNESony Corporation of America sells 550 Madison Avenue building for $1.1B
Sony Corporation of America, or SCA, a wholly-owned subsidiary of Sony, announced that it has entered into a contract to sell its U.S. headquarters building, located at 550 Madison Avenue in New York City, to a consortium led by The Chetrit Group, a New York-based owner of commercial properties in New York City and other major US real estate markets. The sale price is $1.1B, and it is expected that the transaction will close in March. SCA and other Sony businesses, including Sony Music Entertainment, Sony/ATV Music Publishing and Sony Pictures Entertainment, among others, will remain in the building for up to three years under a leaseback arrangement with the purchaser. After repaying debt related to the building and other transaction costs, it is expected that Sony will receive net cash proceeds of approximately $770M. Sony expects to realize a gain on the sale of approximately $685M to be recorded as operating income. Sony is currently reevaluating its forecast of the consolidated financial results for the current fiscal year ending March 31 to take into account this sale and other factors that might affect such forecast.
News For SNE From The Last 14 Days
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January 28, 2015
12:20 EDTSNESony to shut down 'Music Unlimited' service on March 29
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05:58 EDTSNESony to focus on Taiwan mid-range to high-end smartphone market, DigiTimes says
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05:58 EDTSNESharp estaimtes LCD TV shipments to reach 6M in FY14, DigiTimes reports
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January 27, 2015
13:19 EDTSNESony to cut additional 1,000 employees in smartphone business, Nikkei says
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January 23, 2015
10:07 EDTSNEHigh option volume stocks
High option volume stocks: CE TSM RYAM NOC SNE FXCM LBTYA TKMR LF STT
06:17 EDTSNESony to delay earnings report due to last year's cyberattack
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January 22, 2015
06:54 EDTSNESony sees mobile success in Middle East and Africa, WSJ says
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January 21, 2015
06:36 EDTSNESony's 'The Interview' nets $40M in online and TV sales, Re/code says
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06:35 EDTSNESony planning to reduce headcount in Japan by 1,500, Variety reports
According to media reports in Japan, Variety reports that Sony is planning to reduce its headcount in various divisions in Japan by about 1,500 by the end of FY14 through early retirement programs. The process, which began last August, involved Sony's corporate planning and finance departments, but has now been expanded to include corporate headquarters staff. Reference Link
January 20, 2015
18:38 EDTSNESony probed Indian operations for corruption, Bloomberg reports
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January 16, 2015
09:47 EDTSNEPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
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06:08 EDTSNESony may look to sell handset business, DigiTimes reports
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January 15, 2015
19:46 EDTSNEMicrosoft's Xbox wins holiday retail fight against PS4, Re/code reports
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07:52 EDTSNE'Avatar' sequel pushed back to 2017, AP says
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