SONY NEWS ON FASTMOVING

Microsoft Corp will follow its Steven Spielberg collaboration with more television projects aimed at positioning its new Xbox games console as a home entertainment hub. read more

Sony Corp reported a higher than expected first-quarter operating profit on Thursday, boosted by strong sales of its flagship Xperia smartphones in Japan and rising shipments of image sensors to phone makers.  read more

Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm’s board will consider hedge fund Third Point’s suggestion to spin-off the electronics company’s profitable entertainment arm. read more

Tokyo - Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business. read more

Sony forecast annual profit that missed analysts’ estimates on Friday as chief executive Kazuo Hirai rolls out new Xperia smartphones and Bravia televisions to recapture market share lost to Samsung Electronics. read more

Cape Town - The opening of a factory manufacturing high-tech gadgets could boost employment not only in the Western Cape but South Africa as a whole, Cape Town premier Helen Zille said on Tuesday. read more

Sony Corp’s board chairman, Howard Stringer, who headed the company as chief executive for six years until last April, will retire from Japan’s struggling consumer electronics giant in June, the Financial Times reported. read more

Tokyo - Sony shares fell 1.54% on Thursday after the Japanese electronics giant announced its next-generation PlayStation 4 in New York, but without unveiling the console or saying how much it would cost. read more

Seoul - LG Electronics unveiled Monday the latest version of its flagship smartphone, boasting a higher resolution screen aimed at gaining a technical edge over bigger rivals like Samsung. read more

Ratings agency Fitch downgraded the debt ratings of Japan’s Sony Corp and Panasonic Corp to “junk” status citing weakness in their consumer electronics and TV operations, further diminishing the luster of the once-great Japanese brands. read more

Sony Corp‘s long-term debt rating was lowered one notch by Moody’s Investor Service to the lowest investment grade level because of shrinking demand for its consumer electronics.  read more

Seoul - Samsung Electronics, the world's top technology firm by revenue, reported record quarterly profit of $7.4-billion on Friday, with strong sales of its Galaxy range of phones masking sharply lower memory chip sales. read more

Tokyo - Japanese electronics giant Sony on Thursday posted a record full-year loss of $5.7bn, but vowed it would swing back into the black this year as it embarks on a huge restructuring plan. read more

Tokyo - Sony will cut 10 000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said on Monday.  read more

New Sony chief executive officer has warned that cost-cutting is a priority in the company’s TV business and supply chain as the company counts the cost of a fourth consecutive annual loss. read more

Japan’s biggest makers of phones, televisions and chips say they’ll lose about $17 billion this year, about three-quarters of what Samsung Electronics Co. (005930) will spend on research to lengthen the lead over its competitors. read more