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Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:28 EDTSNES&P cuts ratings on Sony to BBB-; outlook negative
Standard & Poor's Ratings Services lowered to 'BBB-' from 'BBB' its long-term corporate credit ratings on Sony Corp. and subsidiary Sony Global Treasury Services PLC and its senior unsecured debt ratings on Sony Corp. It also lowered its short-term corporate credit ratings on the companies to 'A-3' from 'A-2'. S&P says "We lowered the ratings because intensified competition has eroded Sony's competitive position in the electronics business, recovery in earnings is slower than we assumed, and profitability is unlikely to improve materially even with further restructuring of Sony's business, in our view. In addition, we believe the slow pace of recovery in earnings will further delay recovery of its financial standing. In our assessment of Sony, we exclude its financial service business. The outlook on the long-term corporate credit ratings is negative. We could lower the ratings further if Sony's earnings and profitability do not recover and stabilize even with further restructuring efforts or if measures of the company's financial performance become unlikely to recover."
News For SNE From The Last 14 Days
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September 1, 2015
05:49 EDTSNESony Mobile Taiwan look to acquire 20% market share of wearables, DigiTimes says
Sony Mobile Taiwan is looking to acquire 20% market share for new wearable devices, reports DigiTimes. Sony Mobile Taiwan general manager Jonathan Lin said the company will treat Internet of Things and smart wearable device as the future development focus. Reference Link
August 31, 2015
20:04 EDTSNENext Apple TV device to feature deep support for gaming, 9to5Mac says
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August 30, 2015
17:13 EDTSNE'Compton' leads again as 'We Are Your Friends' stumbles at box office
Hip hop biopic "Straight Outta Compton" continued its domestic box office dominance while Christian drama "War Room" outpaced analyst estimates and electronic dance flick "We Are Your Friends" fizzled. U.S. WEEKEND LEADER: Comcast (CMCSA, CMCSK) subsidiary Universal's "Straight Outta Compton" grossed $13.2M domestically for the weekend of August 30, securing the top box office spot for a third consecutive week. In a record-breaking performance for musical biopics, the gangster rap film has earned $134.1M in the U.S. since opening earlier this month. Though Warner Bros.' (TWX) "We Are Your Friends" was predicted to challenge "Compton" with sales ranging $8M-$10M, the Zac Efron-led electronic music film flopped at just $1.8M. BOX OFFICE RUNNERS-UP: Produced with an estimated budget of $3M, Sony's (SNE) faith-based drama "War Room" debuted at $11M against expectations for $5M-$8.5M after leading in advance ticket sales. Viacom (VIA, VIAB) subsidiary Paramount's "Mission: Impossible Rogue Nation" relinquished its grip on second place with an $8.3M gross for the weekend, while Weinstein Company's action thriller "No Escape" opened in fourth place at $8.29M. "Sinister 2" from Comcast subsidiary Focus Features rounded out this weekend's Top 5 at $4.7M.
August 28, 2015
11:16 EDTSNEBattleground: Benchmark says sell GameStop, Piper says bears misguided
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10:43 EDTSNEFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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07:43 EDTSNEGameStop bear thesis not playing out, says Piper Jaffray
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August 21, 2015
06:01 EDTSNEABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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