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Stock Market & Financial Investment News

News Breaks
May 1, 2014
05:52 EDTSNESony lowers FY14 operating income outlook to 26B yen from 80B yen
Sony keeps its FY14 sales outlook at 7.7T yen. Sony expects to record approximately 30B yen in additional expenses in FY14 related to exiting the PC business. Since Sony’s announcement on February 6 that it will exit the PC business, PC sales for FY14 and expected PC sales for FY15 are underperforming the February expectation, the company said. Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony’s spring PC lineup. In addition, certain restructuring charges are expected to be recorded ahead of schedule. It added, "However, there has been no significant change to the expected total charges relating to Sony’s withdrawing from the PC business as the increase in the costs recorded in the fiscal year ended March 31, 2014 will be offset by lower costs in the fiscal year ending March 31, 2015. This decrease is because promotional costs that were expected to be incurred for Sony’s spring PC lineup in the fiscal year ending March 31, 2015 are no longer expected to be incurred, and because the above-mentioned restructuring charges that were expected to be recorded in the fiscal year ending March 31, 2015 are now expected to be incurred in the fiscal year ended March 31, 2014." It also expects to record approximately 25B yen in impairment charges mainly related to its overseas disc manufacturing business.
News For SNE From The Last 14 Days
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April 22, 2015
08:37 EDTSNESony raises FY revenue view to Y8.21T from Y8T
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05:54 EDTSNEFireEye president: Sony hack 'not an insider,' Re/code reports
FireEye (FEYE) president Kevin Mandia said Code/Enterprise in San Francisco that last year's Sony (SNE) hack was "definitely not an insider," Re/code reports. Mandia believes the Sony hack was "clearly" the work of a government. Reference Link
April 21, 2015
07:37 EDTSNEMad Catz Interactive extends agreement with Harmonix for Rock Band 4
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April 19, 2015
15:24 EDTSNEComcast's 'Furious 7' leads U.S. weekend box office with $29.1M
For the weekend of April 19, Universal's (CMCSA, CMCSK) "Furious 7" topped domestic box office charts at $29.1M. Sony's (SNE) "Paul Blart: Mall Cop 2" landed in second place with $24M for the weekend while Universal's "Unfriended" came in third with $16M. Fox's (FOX, FOXA) "Home" and "The Longest Ride" took fourth and fifth place at $10.3M and $6.8M, respectively. Data gathered by Rentrak.
14:17 EDTSNESony stock may rise 20% over next year, Barron's says
Shares of Sony (SNE) are likely to jump 20% during the next year, Barron's contends in its "Follow Up" column. Barron's notes that the company is rumored to supply camera chips for Apple's (AAPL) iPhone 7, and Sony could also look to exit its TV and mobile phone businesses. Reference Link
April 17, 2015
13:39 EDTSNEElectronic Arts says Star Wars Battlefront begins shipping November 17
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07:15 EDTSNEMarch NPD video game software sales declined 3%, says Piper Jaffray
Piper Jaffray notes March NPD video game software sales declined 3% year-over-year, with major titles for the month including Electronic Arts' (EA) Battlefield Hardline, Bloodborne from Sony (SNE) and Take-Two's (TTWO) Grand Theft Auto V. Piper notes the monthly decline is the first in 2015, leaving the segment up 2% through the first three months combined. It keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts, GameStop (GME) and Take-Two.
05:53 EDTSNEWikiLeaks publishes previously hacked Sony emails, Financial Times reports
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April 14, 2015
13:20 EDTSNERecord labels lobby for better royalties from YouTube, Dailymotion, FT says
The International Federation of the Phonographic Industry alleged Tuesday that certain digital video platforms including Google's (GOOG) YouTube and Orange's (ORAN) Dailymotion are relying too much on "safe harbour" laws to avoid paying royalties to record labels, reports the Financial Times, citing statements by IFPI CEO Frances Moore. The move comes as the European Commission weighs reforming EU copyright law. The IFPI is a recording industry group that counts Sony (SNE) Music Entertainment and Vivendi's (VIVHY) Universal Music Group among its members. Reference Link
05:54 EDTSNESony creates unit built for local language production, Financial Times says
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April 13, 2015
08:42 EDTSNEPandora rises after Spotify reportedly valued above $8B in fundraising
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April 12, 2015
18:11 EDTSNEEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link

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