Sony to Sell LCD Stake For Almost $1 Billion
Sony has agreed to sell its almost 50% stake in a joint LCD venture with Samsung for almost $1 billion in order to reduce losses in its TV business. Analysts have said the move is a wise one for Sony...
View ArticleSony Confirms Kaz Hirai Has Not Been Promoted to President
Although he was confirmed as one of the candidates to take over from CEO Howard Stringer, Sony has denied reports that Kaz Hirai has been promoted to President of Sony. The report issued by Nikkei...
View ArticleSony CEO Kaz Hirai To Take Direct Charge of TV Business
Sony Corporation’s new CEO, Kazuo Hirai, will be taking direct control of the company’s TV business in order to get it back to profitability. The electronics giant expects to make a 220 billion yen...
View Article‘One Sony’ Initiative Outlined: 10,000 Jobs Axed, Sony Moving Into Medicine
Kazuo Hirai has outlined his ‘One Sony’ strategy today, which sees a five-point plan to get Sony back to profitability. As part of the new initiative, the company estimates that 10,000 jobs at Sony...
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