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Stock Market & Financial Investment News

News Breaks
February 6, 2014
05:52 EDTSNESony, JIP sign memorandum of understanding for sale of PC business
Sony and Japan Industrial Partners announced that they have entered into a memorandum of understanding that confirms their intent for Sony to sell to JIP Sony's PC business currently operated under the VAIO brand. Sony and JIP are aiming to conclude definitive agreements by the end of March, following due diligence and negotiation of detailed terms and conditions of the sale. The parties' current intention is to sell Sony's PC business and certain related assets to a new company established by JIP, targeting July 1 for the completion of the sale. The terms and conditions of the sale and details of the new company's structure are subject to further discussion between the two parties. The new company will be established and operated with capital investment from and management support of JIP. Sony will initially invest 5% of the new company's capital to support its launch and facilitate a smooth business transition. Sony said it has determined that the "optimal solution is to concentrate its mobile product lineup on smartphones and tablets and to transfer its PC business to a new company established by JIP that will enable the continuation of the VAIO branded PC business."
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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