Moody's cuts Sony's credit rating to junk

Jan 27, 2014

Moody's cuts Sony's credit rating to junk

Moody’s cut its credit rating on Sony Corp. to junk on Monday, saying the electronics giant had more work to do in repairing its battered balance sheet. The major international ratings agency lowered its view of the company to Ba1 from Baa3, meaning its ...

Jan 24, 2014

Sony to set up genome analysis firm

Sony Corp. said Thursday it will establish a company in Tokyo in late February that will conduct human genome analysis, part of the electronics giant’s efforts to bolster medical operations. The new company, named P5 Inc., will analyze human genetic data and provide the ...

Sony expected to lower profit outlook again

Jan 24, 2014

Sony expected to lower profit outlook again

by Mariko Yasu

Nintendo Co. shocked investors last week by lowering its profit forecast for the year. Analysts are concerned Sony Corp. could be next. At least nine analysts cut their profit estimates for Sony over the past two months after slow holiday sales of televisions, personal ...

Sony to distribute games for PS4 via cloud

Jan 8, 2014

Sony to distribute games for PS4 via cloud

Sony Corp. will start distributing games for the PlayStation 4 via cloud computing technology this year, President Kazuo Hirai said Tuesday, revealing the electronics company’s focus on the entertainment business. In his speech on the opening day of the 2014 International Consumer Electronics Show ...

Dec 24, 2013

Sony sells Gracenote unit for $170 million

Sony Corp. has agreed to sell its Gracenote audio-recognition software business to Tribune Co. for $170 million, part of its effort to shed units as it focuses on fewer products. Tribune will combine Gracenote with its media services division, which provides digital data on ...

Dec 18, 2013

Sony exploring sale of Gracenote audio-recognition service

Sony Corp., looking to shed units to focus on fewer products, hired Frank Quattrone’s Qatalyst Partners to explore a sale of its Gracenote audio-recognition software business, two sources said. The unit, which is seeking to be an independent company and is talking with private-equity ...

Japanese makers play catch-up in smartphone market

Dec 11, 2013

Japanese makers play catch-up in smartphone market

by Kazuaki Nagata

In 2013, Japan’s smartphone industry faced the shocking news that NEC Corp. and Panasonic Corp. were withdrawing from making those handsets for consumers. It wasn’t that long ago when these two makers held stable positions in the cellphone market, but the situation changed completely ...

Sony seeks patent for high-tech 'SmartWig'

Nov 27, 2013

Sony seeks patent for high-tech 'SmartWig'

Sony Corp. is seeking a U.S. patent for “SmartWig” hairpieces that could help navigate roads, check blood pressure or flip through slides in a presentation. The wig would communicate wirelessly with another device and include tactile feedback, Sony said in the filing with the ...