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Sony to launch new PlayStation console in late 2013
Sony will this month announce the late 2013 launch of its latest PlayStation console, Japanese media said Thursday, as is looks to its games business in a bid to repair its tattered finances. The much-anticipated announcement will come at a “PlayStation Meeting” set for February 20 in New York, the…
PS3 encryption key leaks hours after judge rules Sony not accountable for user security
A coveted encryption key that helps keep media pirates locked out of Sony’s PlayStation 3 game console leaked on the Internet Tuesday night, just hours after a judge ruled that the company may not be held liable for a major security breach that exposed millions of customers’ private details to…
New PlayStation 3 model makes U.S. debut
Sleek new PlayStation 3 consoles took their places in US homes as Sony tapped into its videogame prowess to put itself at the heart of Internet Age entertainment. The PS3 model that made its US debut was slimmed to be stylishly unobtrusive but featured a beefy 250-gigabyte hard drive to…
Sony highlights Japan electronics firms’ woes
Sony on Thursday reported a widening quarterly loss and trimmed its profit forecast for the year, again underscoring the challenges faced by Japan’s troubled electronics giants. Hammered by giant losses, particularly in the television business, the sector has been struggling with a strong yen, falling prices, high labour costs and…
Atari Teenage Riot tricks Sony into supporting Anonymous legal defense fund
The frontman for digital punk band Atari Teenage Riot revealed in a lengthy interview published by Wired on Tuesday that he tricked electronics giant Sony into supporting a legal defense fund set up for hackers with the very same “Anonymous” movement blamed for taking down Sony’s own PlayStation Network. And…
Sony executives give up performance bonuses
Sony said Tuesday that seven senior executives, including its new chief, will not receive bonuses tied to its latest annual results, which saw the troubled firm post a record $5.8 billion loss. Former chief executive Howard Stringer and his successor Kazuo Hirai are among those who will not be paid performance-linked bonuses, but a company spokesman declined to specify…
Sony and Sharp warn of massive losses
Sony and Sharp, two of Japan’s best-known electronics giants, on Tuesday warned of record losses in the billions of dollars as they struggle to survive amid fierce global competition. Sony, the Tokyo-based maker of PlayStation consoles and Bravia televisions, blamed a tax charge for its expected full-year loss of 520 billion…
Sony to axe 10,000 jobs worldwide: report
Sony will cut 10,000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said Monday. About half the planned job cuts are part of a restructuring of Sony’s chemical unit as well as…
Sony seeking Olympus stake: report
Japanese electronics giant Sony is in talks to take a stake of up to 30 percent in Olympus as the camera firm looks to shore up its finances after a $1.7 billion cover-up scandal, a report said Tuesday. The electronics giant has proposed a capital and business tie-up with the camera and medical…
Sony to sell LCD venture stake to Samsung for $940 million
TOKYO/SEOUL (Reuters) - Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronicsto the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business. The seven-year-old venture cut its capital by 15 percent in July and industry sources had said Sony…
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