Sony
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Hot Stocks: The Three Roadblocks to Sony's Turnaround
Sony Corp. (NYSE ADR: SNE) is facing the first consecutive annual loss of its 63-year history. The Tokyo-based company lost $1.1 billion (98.9 billion yen) last year, and it expects to lose another $1.4 billion (120 billion yen) in its fiscal year ending March 31. That would be Sony's first back-to-back annual loss since the […]
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Australia Blocks Another China Majority Stake; Avtovaz Cutting 27,600 Jobs; WSJ: Citigroup Focusing on Six Metros; Experimental HIV Vaccine Raising Eyebrows; Nintendo Knocks $50 Off Wii; SEC Charging Insider Trading […]
Sharp and Sony Link up in Joint Venture to Make LCD Panels for Burgeoning Flat Panel TV Market
By William Patalon III Executive Editor Money Morning/The Money Map Report Consumer-electronics giant Sony Corp. (SNE) announced it will take a one-third stake in a $3.5 billion LCD plant that Sharp Corp. (OTC: SHCAY) is building to meet the soaring worldwide demand for flat-screen television sets. Sharp markets the Aquos line of LCD TVs. It […]