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As mobile arm struggles, Sony looks to PlayStation

| Sep 19, 2014

As mobile arm struggles, Sony looks to PlayStation

by Sophie Knight

The head of Sony Corp.’s PlayStation division hopes to raise its profit outlook for this year, in stark contrast to the electronics firm’s mobile business, which has forecast deep losses and sent Sony’s stock reeling. With Sony’s three core electronics businesses — the third ...

Dividend-challenged Sony contemplates smartphone exit from China

Sep 19, 2014

Dividend-challenged Sony contemplates smartphone exit from China

Sony Corp. might sharply downsize its smartphone operations in China because business is unlikely to grow against competition from popular local rivals, company sources said Thursday. Sony, which on Wednesday warned of a bigger loss than previously projected for fiscal 2014 ending March due ...

Sep 19, 2014

Cabinet sobers up on Japan's economic fundamentals

Japan’s economic fundamentals were downgraded in a monthly report Friday as the government issued its first gloomy appraisal in five months, citing persistent weakness but insisting a slow recovery was underway. “The Japanese economy is making a moderate recovery, while weakness can be seen ...

Alibaba IPO prices at top of range, raising $21.8 billion

Sep 19, 2014

Alibaba IPO prices at top of range, raising $21.8 billion

Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of ...

Sep 19, 2014

U.S. calls for Japan to buckle down on Pacific trade pact

U.S. Trade Representative Michael Froman urged Japan on Thursday to ramp up efforts on a Pacific trade pact ahead of planned talks with his Japanese counterpart next week and a new round of negotiations in October. A standoff between the United States and Japan, ...