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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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April 16, 2014
06:58 EDTSNEFormer Sony chairman to take place on Time Inc's board, NY Post says
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06:20 EDTSNESamsung, Sony Mobile, HTC to release mini smartphone models, DigiTimes says
Samsung (SSNLF), Sony (SNE) Mobile and HTC are expected to launch mini versions of their flagship smartphones by end of Q2, reports DigiTimes. According to sources at Taiwan's handset supply chain, Samsung will release a Galaxy S5, Sony Mobile will release the Xperia Z2 Compact and HTC will release a HTC One mini. Reference Link
06:10 EDTSNESony, Hydro-Quebec form JV for large-scale energy storage system for power grids
Sony Corporation and Hydro-Québec announced that they have agreed to establish a joint venture to research and develop a large-scale energy storage system for power grids. Sony and Hydro-Québec plan to establish the new company in June. The new company will utilize Sony's control technologies for highly safe, reliable, olivine-type lithium-ion iron phosphate rechargeable batteries and highly scalable module systems, together with Hydro-Québec's operation and control technologies for electric power supplies as well as its lithium-ion battery material technology. By combining these strengths, the new company intends to research and develop a highly safe and reliable system for large-scale applications, as well as battery material technology suitable for use within electric power systems, and explore their use in a wide variety of applications, such as meeting excess demand during peak times, and the integrating renewable energy sources into power grids.
April 15, 2014
18:22 EDTSNESony looks to revive TV business with 4K technology, Nikkei reports
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08:34 EDTSNEHighpower subsidiary selected by Sony as battery supplier
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April 14, 2014
11:11 EDTSNEVevo and Yahoo expand music video distribution partnership
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06:06 EDTSNESony expects Ultra HD TV sales to increase to four times in 2014, DigiTimes says
Sony expects Ultra HD TV sales to increase by four times in 2014 as it targets a 10% global share in LCD TV shipments, reports DigiTimes. The company is targeting 20M LCD TV shipments in 2014 with Ultra HD TV sales in the China market increasing six-fold. Reference Link
April 11, 2014
06:52 EDTSNESony warns customers of Vaio PCs battery fire risk, Reuters says
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06:12 EDTSNEDreamWorks Animation may look to take a piece of Vevo, Re/code reports
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April 10, 2014
08:00 EDTSNESony PS4 grants Hirai profit potential as risk decreases, Bloomberg says
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April 7, 2014
08:15 EDTSNECisco, Sony collaborate on live delivery of full-frame rate 4K 60P content
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April 4, 2014
06:24 EDTSNEElectronic Arts hires Sony developer Amy Hennig
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