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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 Sonyís 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 Sonyís 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 Sonyís 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 Sonyís 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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January 30, 2015
14:52 EDTSNESony Pictures, Warner Bros, Singtel partner to deliver OTT video to Asia
Singtel, Sony Pictures Television (SNE) and Warner Bros. Entertainment, a subsidiary of Time Warner (TWX), have established HOOQ, a joint venture start-up, to offer a regional over-the-top, or OTT, video service in Asia. HOOQ will deliver both Hollywood blockbusters and television series, as well as popular local movies and programs to customers anytime, anywhere by enabling them to stream and download their favorite shows on their device or platform of choice. HOOQ will be rolled out progressively in the Singtel Groupís Asian footprint, including Indonesia, the Philippines, India and Thailand, from Q1. The venture is designed to compete directly with Netflix (NFLX) as the company has been preparing to launch in Australia and New Zealand this year and into broader Asian market in the near future.
January 28, 2015
12:20 EDTSNESony to shut down 'Music Unlimited' service on March 29
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05:58 EDTSNESony to focus on Taiwan mid-range to high-end smartphone market, DigiTimes says
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05:58 EDTSNESharp estaimtes LCD TV shipments to reach 6M in FY14, DigiTimes reports
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January 27, 2015
13:19 EDTSNESony to cut additional 1,000 employees in smartphone business, Nikkei says
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January 23, 2015
10:07 EDTSNEHigh option volume stocks
High option volume stocks: CE TSM RYAM NOC SNE FXCM LBTYA TKMR LF STT
06:17 EDTSNESony to delay earnings report due to last year's cyberattack
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January 22, 2015
06:54 EDTSNESony sees mobile success in Middle East and Africa, WSJ says
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January 21, 2015
06:36 EDTSNESony's 'The Interview' nets $40M in online and TV sales, Re/code says
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06:35 EDTSNESony planning to reduce headcount in Japan by 1,500, Variety reports
According to media reports in Japan, Variety reports that Sony is planning to reduce its headcount in various divisions in Japan by about 1,500 by the end of FY14 through early retirement programs. The process, which began last August, involved Sony's corporate planning and finance departments, but has now been expanded to include corporate headquarters staff. Reference Link
January 20, 2015
18:38 EDTSNESony probed Indian operations for corruption, Bloomberg reports
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