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Stock Market & Financial Investment News

News Breaks
April 16, 2014
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.
News For SNE From The Last 14 Days
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March 4, 2015
06:13 EDTSNESony says PS4 sales surpass 20.2M units worldwide
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06:02 EDTSNESony expected to launch PS4 virtual reality headset in 1H16, Engadget reports
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March 3, 2015
12:36 EDTSNEHBO GO to debut on PlayStation 4 today
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05:54 EDTSNESamsung, Sony and LG to purchase 42% of TV panel supply in 2015, DigiTimes says
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March 2, 2015
07:44 EDTSNESony mobile president seeking profitability first, WSJ reports
In an interview with the Wall Street Journal, president of Sony Mobile Communications Hiroki Totoki stated he recognizes the company "should become a meaningful source of profit to the group... The business can’t be justified if the profit margin is low." Totoki wants to stay in the mobile business for the next cycle of innovation, saying that "we won’t tie ourselves only to smartphones or even hardware" and adding that the unit is "open to tie-ups with thirds parties." Totoki also sees potential for the brand in India. Reference Link
06:31 EDTSNEJAKKS Pacific announces licensing, master toy agreement for Smurfs franchise
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06:18 EDTSNESony to test latest wearables in B-to-B market, WSJ reports
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February 27, 2015
08:59 EDTSNESony fires Sony Pictures Digital president, Variety says
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February 25, 2015
08:45 EDTSNEEros International announces content partnership with Sony Television
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February 24, 2015
13:01 EDTSNETom Rothman to replace Amy Pascal at Sony Pictures, FT reports
Former Fox Filmed Entertainment (FOXA) co-Chairman Tom Rothman will replace Amy Pascal as co-chairman of Sony Pictures (SNE), The Financial Times reports. Sony Entertainment CEO Michael Lynton has extended his contract, the publication notes. Rothman has run Sony's TriStar label since 2013. Reference Link
February 23, 2015
07:27 EDTSNESony breach underscored failings in corporate, government cooperation, WSJ says
A Wall Street Journal review of the hack attack on Sony Entertainment shows that the companies and government agencies fighting the hackers based some decisions on little information or consultation since the parties often held too closely to their own interests, illustrating major shortcomings in how the government and companies work together to respond to such attacks. The Journal cites interviews with executives, U.S. officials and people briefed on their conversations in its report. Reference Link
February 20, 2015
06:11 EDTSNESony may be contemplating replacing CEO Hirai with CFO Yoshida, NY Post says
Sony may be considering replacing CEO Kaz Hirai with current CFO Kenichiro Yoshida, reports the New York Post, citing several Hollywood sources. Yoshida has received heavy media praise for his restructuring efforts and is currently set to add the title of executive deputy president in April. The article emphasizes that this is speculation among Hollywood figures. Reference Link

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