Howard Stringer News
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Billionaire Daniel Loeb’s bid to break up Sony Corp. will need to overcome a history of failed efforts by activist investors in Japan.
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Third Point, the hedge fund led by billionaire Daniel Loeb, has proposed Sony Corp. sell part of its entertainment business in an initial public offering, according to a letter obtained by Bloomberg News.
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The smile on Kazuo Hirai’s face shows why the yen’s drop below 100-to-the-dollar is as much a curse for Japan as a blessing.
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Sony Corp. executives will give up their bonuses after its main electronics business was unprofitable for a second straight year.
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Sony Corp., Japan’s biggest television maker, reported its first annual profit in five years after selling assets and benefiting from a weaker yen that boosted overseas revenue.
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Sir Howard Stringer remembers when 2011 was going to be wonderful.
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Sony Corp. board Chairman Howard Stringer, who became the first non-Japanese executive to lead the company, said he will retire in June.
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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.
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Sony Corp. , besieged by hackers since April, considered its PlayStation Network an unlikely target even after threats by the online collective Anonymous and three separate security incidents in 2008.
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Sony Corp. once set the standard for inventing products people never knew they wanted -- from the Walkman to the game console. That knack for shaping consumer tastes powered the Tokyo-based company’s market share and ability to command premium prices for its gear.
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