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News Breaks | | | | February 20, 2013 | | 11:36 EDT |  | SNE | Sony sells 95k shares of M3 stake to Deutsche Securities
Sony (SNE) announced, in a regulatory filing earlier, that that it has entered into a contract to sell 95,000 shares of its 886,908 shares of M3, a consolidated subsidiary of Sony, to Deutsche Securities as part of its initiative to transform its business portfolio and reorganize its assets. Sony entered into a contract of sale that it expects will result in an increase to the liquidity of the market for M3’s shares and help to assure the independence and neutrality of M3’s management. While following the sale, M3 will no longer be consolidated by Sony. Sony will remain a major shareholder of M3 and will continue to pursue opportunities to collaborate with M3 in the business areas, including medical. Sony expects to record a gain within operating income in connection with the sale of approximately 115 billion yen during Q4. As stated on February 7, Sony has identified certain assets for possible sale as part of an initiative to transform its business portfolio and reorganize its assets. This sale was conducted as a part of that initiative. | |
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News For SNE From The Last 14 Days Check below for free stories on SNE the last two weeks. |
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| May 17, 2013 | | 13:23 EDT |  | SNE | Sony to host conference call
 Subscribe for More Information | | | May 16, 2013 | | 13:05 EDT |  | SNE | Spending on Apple, Android video games jumped in Q1, AllThingsD says
In the first quarter spending on video games for Apple (AAPL) and Android devices increased significantly versus the previous quarter, while spending on video games for traditional handheld consoles fell meaningfully, research firms IDC and App Annie found, according to AllThingsD. Consumers spent three times more on games for smartphones and tablets than on games for traditional handheld consoles last quarter, the website stated. Reference Link | | | May 15, 2013 | | 15:12 EDT |  | SNE | Sony volatility up on Daniel Loeb’s attempt to split up company
Subscribe for More Information | | | 07:11 EDT | | SNE | Japan's electronic manufacturers under siege, WSJ reports
After a miserable past few years, Japan's once-powerful electronics manufacturers (SNE, SHCAY), already reeling from unprecedented losses stemming from its lost standing in the technology world, are grappling with outside investors and fed-up creditors looking to break the cozy and insular bonds that were once a hallmark of the country's corporate sector, reports the Wall Street Journal.Reference Link | | | 06:08 EDT | | SNE | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:56 EDT | | SNE | Stocks with implied volatility movement; SNE DDD
Subscribe for More Information | | | May 14, 2013 | | 18:50 EDT | | SNE | Sony options action elevated ahead of Loeb stake, Reuters says
A report from Reuters says that volume in Sony options on Monday, ahead of Tuesday's disclosure by Dan Loeb of a 6.5% stake in the company, traded at more than seven times the average daily volume for the last three months. The report says nearly 10,000 June $19 calls were bought on Monday for 87c on average, calls that were worth $2.20 during today's session. Reference Link | | | 16:23 EDT |  | SNE | On The Fly: Closing Wrap
Stocks on Wall Street were higher on a Tuesday again, keeping the strange "Tuesday in 2013" streak alive. Some positive domestic economic data and bullish commentary from Appaloosa Management's David Tepper set the tone early and the averages traded with an upward bias for almost the entire trading day. Today's advance means that every Tuesday this year has seen the market log gains, and investors will have to wait another week to see if the pattern continues. ECONOMIC EVENTS: The NFIB small business optimism index for April rose to 92.1, versus expectations for it to climb to 90.3 from its prior 89.5 reading. Import prices were reported to have declined 0.5% in April, which was in-line with expectations. Export prices declined 0.7%, versus a forecast for a 0.1% drop in the month. COMPANY NEWS: Dell (DELL) shares lost 6c, or 0.44%, to $13.46 after Dow Jones said the company will report first quarter non-GAAP earnings of 20c per share, 15c below current consensus estimates. That followed an earlier report from CNBC's David Faber, who also said the company will report earnings that miss expectations and accurately called that Dell has moved its report to Thursday, which is earlier than had been expected... Sony (SNE) shares added $1.87, or 9.9%, but closed off their best levels at $20.76 after the New York Times reported that Dan Loeb of Third Point has built a 6.5% stake and proposes that the company take its entertainment unit public. MAJOR MOVERS: Among notable gainers was InterOil (IOC), up $7.46, or 9.57%, to $85.39 after reporting its earnings and saying its talks with "major oil companies and a national oil company" about a potential LNG partnership are in the final stages. Also higher was SodaStream (SODA), up $6.79, or 11.85%, to $64.08 after at least two analyst firms raised their price target on shares following yesterday's analyst day presentations. Among noteworthy losers was Solar City (SCTY), down $4.44, or 12.37%, to $31.44 after the company's first quarter earnings missed expectations and the stock was downgraded by at least two firms. Also lower was Velti (VELT), down 29c, or 14.5%, to $1.71 after its revenue outlook fell below estimates. INDICES: The Dow was up 123.57, or 0.82%, to 15,215.25; the Nasdaq was up 23.82, or 0.69%, to 3,462.61; and the S&P 500 was up 16.57, or 1.01%, to 1,650.34. | | | 12:32 EDT | | SNE | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:49 EDT | | SNE | Dell accuses optical disk drive makers of price-fixing, Bloomberg says
Subscribe for More Information | | | | 10:00 EDT |  | SNE | Sony rises 9.1%
Sony is up 9.1%, or $1.71, to $20.60 | | | 09:50 EDT | | SNE | Sony spikes higher after Loeb's Third Point takes 6.5% stake
Subscribe for More Information | | | 09:14 EDT | | SNE | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:00 EDT | | SNE | Sony rises 7.7%
Sony is up 7.7%, or $1.46, to $20.35 | | | 06:22 EDT | | SNE | Gartner reports Q1 mobile phone sales growth
Subscribe for More Information | | | 05:51 EDT | | SNE | Third Point takes 6.5% stake in Sony, pushes break-up, NY Times reports
Subscribe for More Information | | | 05:49 EDT | | SNE | Sony volatility flat, Dan Loeb amasses $1.1B stake
Subscribe for More Information | | | May 13, 2013 | | 15:30 EDT | | SNE | Sony management to meet with JPMorgan
Subscribe for More Information | | | May 10, 2013 | | 12:14 EDT | | SNE | Sony to unveil video game featuring hacker
Subscribe for More Information | | | May 9, 2013 | | 15:25 EDT | | SNE | Royalty talks for Apple's iRadio hit snag, FT reports
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