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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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August 29, 2014
10:00 EDTSNESony volatility at low end of historic range as shares advance
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06:19 EDTSNESprint to carry Sony's next Xperia phone in the U.S., WSJ reports
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August 28, 2014
12:30 EDTSNENetflix buys flagship series 'The Blacklist' for $2M per episode, Deadline says
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August 26, 2014
09:01 EDTSNEElectronic Arts launches Madden NFL 15 on Xbox One, PS4
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August 25, 2014
06:44 EDTSNESony's PSN back online following cyber attack
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06:04 EDTSNEAmerican Airlines flight diverted as Sony exec receives threat, Re/code reports
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August 24, 2014
16:34 EDTSNESony says PlayStation impacted by Denial of Service attack
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August 22, 2014
11:59 EDTSNEGameStop surges after Q2 EPS, revenue beat expectations
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