Sony Corp. will cut $250 million in costs at its entertainment units over two years, part of Chief Executive Officer Kazuo Hirai’s plan to boost profit and keep full ownership of the movie, TV and music businesses.
Samsung Electronics Co., the world’s biggest maker of smartphones, pledged to avoid legal injunctions in Europe for key phone patents as it sought to end a European Union antitrust probe triggered by a dispute with Apple Inc.
One of the themes of the film “The Monuments Men,” a Columbia Pictures and Fox 2000 Pictures production, is whether saving a work of art is worth a soldier’s life. This plays out as a team of art professionals goes into Europe in the last months of World War II to locate masses of art looted under Hitler’s orders.
Advanced Cell Technology Inc., a biotech company in the regenerative medicine area, received a U.S. patent on a process to produce cells used to treat eye diseases such as retinitis pigmentosa and neurological disorders such as Parkinson’s disease.