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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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July 22, 2014
16:04 EDTSNESkullcandy names David Raffone as Chief Sales and Revenue Officer
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06:17 EDTSNEGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
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July 21, 2014
06:23 EDTSNEUpscale Sony Walkman enjoying a comeback in Japan, WSJ reports
Sony's new $700 Walkman, which is aimed at premium buyers, is enjoying a small comeback, the Wall Street Journal reports. The company says the ZX1, which houses 128 gigabytes of storage, is selling well in Japan. Reference Link
July 18, 2014
07:22 EDTSNETotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:06 EDTSNEXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link
06:06 EDTSNESony confirms PlayStation4 is top selling next-gen consol in June for U.S.
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July 16, 2014
06:14 EDTSNEABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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July 15, 2014
06:30 EDTSNEDOJ investigating music publishing, possible price coordination, WSJ reports
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06:11 EDTSNESamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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July 14, 2014
06:42 EDTSNE'Dawn of the Planet of the Apes' leads box office with $73M opening, WSJ says
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06:10 EDTSNETaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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July 11, 2014
06:57 EDTSNESony threatens to stop using Ascap, BMI, NY Times says
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06:42 EDTSNESoundcloud, record labels get closer to agreement, Bloomberg says
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July 10, 2014
11:02 EDTSNEWi-LAN, Sony enter license agreement
Wi-LAN (WILN) announced that the company and Sony (SNE) have entered into a multi-year license agreement related to WiLAN's portfolio of television technologies. The agreement includes certain 3D television technology developed by SENSIO Technologies. SENSIO's S2D Switch technology is exclusively available from WiLAN. All remaining terms of the license agreement are confidential.
06:18 EDTSNEIDC: PC shipments in mature regions stabilizes market in Q2, DigiTimes
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July 9, 2014
06:39 EDTSNEGlobal LCD TV shipments to increase to 210.8M units in 2014, DigiTimes says
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