Sony Corp. (NYSE: SNE) has been struggling with losses for the past four years and the ripple effects of those losses now include another downgrade to Sony’s corporate credit rating from Standard…
Paul Ausick Google Inc. (NASDAQ: GOOG) begins to sell its Nexus 7 tablet in Japan, which puts it into competition with Sony Corp. (NYSE: SNE). (Reuters) Google’s shares trade at a record high. (Reuters)…
Chinese state media reported Monday on a mass brawl among up to 2,000 workers at a Foxconn plant in Taiyuan, in Shanxi province. Foxconn’s Taiwanese parent company Hon Hai said in a…
Nike Inc. (NYSE: NKE) will buy back $8 billion in shares. (Reuters) More than 5 million Facebook Inc. (NASDAQ: FB) members are children who have been banned from the social network. (Reuters)…
A government investigation into J.P. Morgan Chase & Co. (NYSE: JPM) focuses on whether its monitoring of illicit money transactions was adequate. (Reuters) The U.S. will initiate a case at the WTO against…
courtesy NintendoThe new Nintendo Wii U may be a super game console, but probably not super enough. The problems the product faces go well beyond the success of competitive products from Microsoft Corp.…
EU Finance Ministers Meet The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin…
courtesy NintendoAfter more than a year since the product’s introduction, the Nintendo Wii U game controller finally has pricing, shipping dates, and more details on what the device can do. The company…
Global shipments of TV sets has fallen for the third consecutive quarter according to the latest research from the NPD Group. The decline, which has picked up steam since beginning in the…
Paul Ausick U.S. retail sales of video games, controllers and gear fell 20% in August compared with sales in the same month a year ago, according to a report from research firm NPD Group.…
The outplacement firm of Challenger, Gray & Christmas has released its job-cuts report for August, indicating that July layoffs declined by 12.5% below July’s layoff count, which had dropped by 37% from…
The total number of people who play video games in the United States fell from 2011 to 2012. This represents another challenge to major console manufacturers, particularly Microsoft Corp. (NASDAQ: MSFT), Sony…
OECD Outlook on Europe The OECD reports that the recession in Europe has begun to become an irresistible drag on the economy throughout much of the balance of the developed world. And, the…
courtesy of Pandora MediaAlthough Pandora Media (NYSE: P) reported yesterday that its net loss for the second quarter widened to $5.4 million, or $0.03 per share, compared to a loss of $1.8…
Internet music services are stuck in a period of relatively quiet turmoil as the companies deal with rising content costs and fierce competition with one another and with some very well-established players.…
