Sony Corp. (NYSE: SNE) called the firing of 1,000 people at its mobile phone business part of a grand plan. Kunimasa Suzuki, the president of Sony Mobile, said: We are accelerating the integration…
The latest installment of “The Expendables” franchise debuted at number one at weekend box offices around the country. “The Expendables 2” from Lions Gate Entertainment Corp. (NYSE: LGF) hauled in $28.8 million…
The YouTube division of Google Inc. (NASDAQ: GOOG) drew 157 million unique viewers in July, nearly 3x the number of unique viewers of its nearest rival, Facebook Inc. (NASDAQ: FB). The figures…
The senior unsecured debt and short-term ratings of Sony Corp. (NYSE: SNE) have been placed on review for a possible downgrade by Moody’s Investors Service this morning. The current ratings are Baa1…
Paul Ausick Subject: The 11 States with the Highest Gas Prices Did your recent trip to the gas station feel like it took a higher toll than normal on your wallet? It probably wasn’t…
Stuart Stelzer The reign of Sony Corp.’s (NYSE: SNE) new president and CEO, Kazuo Hirai, does not look like it will be any better than that of his predecessor. Sir Howard Stringer has been blamed for…
Douglas A. McIntyre San Bernadino, Calif., will file for Chapter 11 over $1 billion in debt. (Reuters) The Federal Reserve says it may need to help the economy later this year. (Reuters) Toyota Motor Corp.…
Research firm NPD reported that video game sales fell 29% in June to $699.8 million. Hardware sales dropped 45% year-over-year. This was despite the release of the new Nintendo 3DS. “The 3DS…
Thirty-year mortgage rates fell to a low that has not been seen since numbers were first recorded in the 1980s. The rate reached 3.56%. Will that rate help the housing market? So…
Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters) The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters)…
Bloomberg reports that Amazon.com (NASDAQ: AMZN) may launch a smartphone, which would mean the world’s largest e-commerce company would join the mobile phone sector just after Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG)…
The latest rankings are out from comScore Inc. (NASDAQ: SCOR) on the US smartphone device and platform markets. Samsung Electronics (OTC: SSNLF) leads the device makers with a 25.7% market share. Apple…
A consortium led by Sony Corp. (NYSE: SNE) has received US Federal Trade Commission approval to acquire the music publishing arm of EMI from Citigroup Inc. (NYSE: C). Citigroup acquired the business…
Some products sell well when first introduced. Many more fail miserably. Very few of them sell so well that they fundamentally impact American culture. This is 24/7 Wall St.’s list of 10…
AB InBev (NYSE: BUD) may buy the part of Modelo it does not already own. (Reuters) Samsung expects a rise in Q2 handset sales. (Reuters) Research In Motion (NASDAQ: RIMM) may split into two companies.…
