Sony Corp. earnings are “moving in the right direction” as Japan’s biggest exporter of consumer electronics accelerates a plan to turn around its unprofitable TV business, Chief Executive Officer Kazuo Hirai said.
Sharp Corp.’s credit rating was cut to speculative grade by Standard & Poor’s as Foxconn Technology Group said it was still renegotiating a planned investment. The stock fell 13 percent, and Sharp found a defect in some smartphone displays.
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.
Sharp Corp., Japan’s biggest maker of liquid-crystal displays, fell the most in five days in Tokyo trading on reports the company may eliminate more jobs and seek investments from companies other than Foxconn Technology Group.
Sony Corp., maker of the PlayStation 3 video game console, plans to stream live Major League Baseball games over the Internet to its machines to expand its on-line offerings and attract users other than gamers.
Sony Corp . Chairman Howard Stringer apologized and offered U.S. customers of PlayStation Network and Qriocity online entertainment services a year of free identity- theft protection after the system was crippled by hackers.