Sony Corp. incoming Chief Executive Officer Kazuo Hirai said he will make “a hard, painful decision” to cut costs in the TV business and supply chain to turn around a company facing a fourth straight annual loss.
Rising rates of cancer, obesity and heart disease may offer a path back to health for Sony Corp., as the ailing Japanese maker of televisions, cameras and game consoles turns to semiconductors to end unprecedented losses.
Sony Corp., struggling to return to profit after forecasting a fourth annual loss, intends to sell more displays for medical equipment as it focuses on non- consumer products including image sensors and batteries.
Sony Corp. promoted gaming chief Kazuo Hirai to oversee a new unit combining cameras, televisions and other consumer electronics, paving the way for him to succeed Howard Stringer as chief executive officer.
Sony Corp. Chairman Howard Stringer ’s decision to make Kazuo Hirai his top lieutenant signals the company will accelerate plans to marry its content with hardware after its products lost ground to Apple Inc. and Samsung Electronics Co.
Sony Corp. , Japan’s biggest exporter of consumer electronics, plans to look for a new president who could eventually succeed Chairman and Chief Executive Officer Howard Stringer , people familiar with the matter said.
Asian stocks dropped for a third time in four days as concern mounted Europe’s debt crisis will spread and as South Korea proceeded with an artillery drill that has prompted threats of retaliation from North Korea.