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Sony reduces loss on sales recovery, restructuring

Submitted by Fox First at Ten on November 1st

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Sony Corp. reported Thursday a smaller flow of red ink for the fiscal second quarter on a sales recovery and restructuring efforts and stuck to its full year forecast for a return to profit from its worst loss in company history the previous year

Danaher, Cooper to sell tool making JV for $1.6B

Submitted by Fox First at Ten on October 10th

By The Associated Press Danaher Corp. and Cooper Industries said Wednesday that they will sell a tool making business they created two years ago as a joint venture for about $1.6 billion to private equity firm Bain Capital. Danaher is an industrial and medical equipment manufacturer based in

News Summary: Sony plans high-tech medical devices

Submitted by Fox First at Ten on October 1st

By The Associated Press HIGH-TECH MEDICAL DEVICES: Sony's new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker's three-dimensional imaging and super-clear "4K" display technologies. NEW CHALLENGE: Sony said it

Sony-Olympus alliance aims for high-tech surgery

Submitted by Fox First at Ten on October 1st

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Sony's new alliance with scandal-tarnished Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker's three-dimensional imaging and super-clear "4K" display technologies. Sony Corp.

Sony ties up with Olympus, takes 11 percent stake

Submitted by Fox First at Ten on September 29th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Sony is expanding its sprawling electronics to movies business empire with a new venture - looking inside the human body. The company on Friday said it will spend 50 billion yen ($640 million) for an 11 percent stake in Olympus Corp., an embattled

Sony ties up with Olympus, takes 11 percent stake

Submitted by Fox First at Ten on September 28th

News Summary: Olympus ex-president pleads guilty

Submitted by Fox First at Ten on September 25th

By The Associated Press WHAT HE DID: Olympus Corp.'s former president Tsuyoshi Kikukawa admitted guilt Tuesday in a cover-up of investment losses at the Japanese camera and medical equipment maker. BACKGROUND: The scandal emerged last year when Michael Woodford, the British chief executive

Whistleblower wins in Supreme Court in Japan first

Submitted by Fox First at Ten on June 30th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Japan's Supreme Court has ruled in favor of a whistleblower for the first time in a case that highlights the harsh treatment outspoken employees have endured in a nation that zealously values loyalty and conformity

Fears, hopes grow for Sony under new president

Submitted by Fox First at Ten on June 28th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - The record 9,000 shareholders that packed Sony's annual meeting was no cause for celebration. After four years of losses and a halving of the share price, some angry investors doubt even a new CEO can pull the entertainment and

How shock waves will hit US if Greece drops euro

Submitted by Fox First at Ten on June 15th

By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - The unthinkable suddenly looks possible. Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial