• The Associated Press

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Sony Corp. said Thursday it will halve the number of parts suppliers to slash costs under a turnaround plan that is testing the mettle of Chief Executive Howard Stringer.

The electronics and entertainment giant plans to cut purchasing costs by ¥500 billion, or 20 percent of the ¥2.5 trillion spent in the business year ended in March, company spokeswoman Mami Imada said.

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