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S&P Cuts Sony Rating to One Notch Above Junk

HONG KONG--In the latest indication of challenges facing Japan's ailing consumer electronics sector, Standard & Poor's Ratings Services Tuesday lowered its ratings of Sony Corp. (6758.TO) to one...

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Sony Sets Medical Sales Target for Olympus JV

TOKYO--Sony Corp. (6758.TO) President Kazuo Hirai said Monday that the company will aim to achieve a third of its 2020 sales target of 200 billion yen ($2.57 billion) in the medical business through...

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Microsoft Widens Xbox Subscriptions

Microsoft Corp. (MSFT) is again extending its Xbox subscription plans to additional retailers, an effort to attract more users by lowering upfront costs of acquiring the game console ahead of the...

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Ericsson Net Profit Falls Sharply

STOCKHOLM--Ericsson (ERIC), the world's largest maker of mobile network equipment by market share, Friday said sales were hit by cautious spending by telecommunications operators in many markets in...

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Sony Narrows Loss in Fiscal 2Q

TOKYO--Japanese electronics conglomerate Sony Corp. (6758.TO) said Thursday its net loss narrowed in its fiscal second quarter from the year before, although still fell short of analysts' expectations...

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Sharp Shares Fall After 2Q Loss, Outlook Cut

TOKYO--Shares of Sharp Corp. (6753.TO) fell in early Tokyo trading Friday after the company confirmed Thursday that it racked up a Y249.1 billion loss in the July-September quarter and predicted a...

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Olympus Swings to Fiscal 2Q Profit

TOKYO--Olympus Corp. (7733.TO) swung back to profit for the fiscal second quarter on the back of cost cuts and brisk medical device sales, further easing concerns about its weak balance sheet that was...

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Call of Duty' Records $500 Million in First-Day Sales

Activision Blizzard Inc. (ATVI) said sales of "Call of Duty: Black Ops II," the latest in its war-simulation-shooting series of games, topped $500 million in retail sales during its first day on the...

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ASIA MARKETS: Asia Stocks Trade Mostly Up, But Shanghai Falls

By V. Phani Kumar and Michael Kitchen, MarketWatch HONG KONG (MarketWatch) -- Most Asian stocks rose modestly Wednesday in tentative trade ahead of an announcement on Greece from a meeting of...

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Banks Approach Sony About Battery Unit Sale

At least three investment banks have contacted Sony Corp. (SNE), looking to help the company sell its battery business, Reuters reported Tuesday, citing banking sources. Reuters reported that Sony...

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Hon Hai, Others Eye Sony Battery Business

TOKYO (Nikkei)--Sony Corp. (6758.TO) is holding preliminary talks with Taiwan's Hon Hai Precision Industry Co. (2317.TW), as well as Japanese and foreign investment funds, with an eye toward selling...

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Sony, Olympus Delay Launch of Medical Device JV

TOKYO--Sony Corp. (6758.TO) and Olympus Corp. (7733.TO) said Friday that they will delay the launch of their joint venture in medical devices until next year as they await approval from overseas...

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Sony Teams With BMG for Parlophone Bid

Sony has teamed up with BMG to make a joint bid for Parlophone Records and other EMI Group PLC labels being sold off by Universal Music Group, the Financial Times reported Sunday on its website,...

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Hon Hai Cooperating with China Bribery Probe

TAIPEI--Hon Hai Precision Industry Co. (2317.TW) said it is cooperating with a Chinese police probe into alleged bribery of its supply-chain partners by employees, in the latest development putting...

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Sony to Sell Tokyo Building to Secure Cash

TOKYO (Nikkei)--Sony Corp. (6758.TO) plans to sell its Sony City Osaki Building, which faces JR Osaki Station in Tokyo's Shinagawa Ward, to increase its cash reserves, the Nikkei reported in its...

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Sony Looking to Sell Tokyo Building for up to $1.5 Billion

--Sony looking to sell one of main buildings in Tokyo to bolster finances, according to person with knowledge of proposed sale --Person says company considering selling Sony City Osaki building for...

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IBM Is Still Top U.S. Patent Recipient

--IBM assigned 6,478 U.S. tech patents --Google granted 15 more patents than Apple --Overall patent activity accelerating as tech companies trade claims in court International Business Machines Corp....

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Videogame U.S. Retail Sales Drop During Holidays

Sales of new videoagme products in U.S. retail stores fell 22% in December, according to a new survey, signaling collapsing sales amid fewer game releases as game makers wait for new hardware....

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Smartphones' Flood Raises Question of Development Plateau

Smartphone makers are facing an ironic and potentially painful contrast: As penetration of the devices increase, along with the number of companies jockeying to make them, the distinction in their...

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ASIA MARKETS: Asia Stocks Higher, As Japan Surges On Weak Yen

By Sarah Turner, MarketWatch SYDNEY (MarketWatch) -- Asia stocks moved higher Tuesday, although the extent of the gains varied across the region, with Japanese stocks the outperformers after another...

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