Sony Entertains Mulling Activist's Spin-Off Idea
Sony says its board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
Sony says its board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
Japanese electronics-maker Sharp named a new president Tuesday, reshuffling its top management to help restore profitability after reporting a record loss.
Panasonic forecast its operating profit will rise 55 percent in the year ending March 31 as it steps back from struggling operations in TVs and other consumer gadgets.
Sony is back in the black for its fiscal fourth quarter, recording a $948 million profit, with big help from a weaker yen that boosts overseas earnings.
After being ousted less than a year ago, Best Buy's co-founder and former chairman Richard Schulze is returning to the struggling retailer as chairman emeritus.
Americans stepped up their spending at retail businesses in September, reflecting their growing confidence in the economy. Retail sales rose 1.1 percent last month, the Commerce Department said. That followed a 1.2 percent increase in August. Both were the largest gains since October 2010.
Thin is in this season -- flat-screen televisions are shaping up to be among the hottest holiday gifts. Prices are at unheard-of lows, and supply is still ahead of demand, but there's another reason for their current popularity.
Retailers are finding ways to put a fresh spin on the classic limited-time sale this holiday season. Target's latest effort -- the Almost Last Minute Sale. From Dec. 8 to Dec. 11, it will offer discounts on items from its most popular gift categories in stores and online.
Attention holiday shoppers: Don't feel blue if you missed Black Friday or Cyber Monday. Retail analysts say the best deals are yet to come, with discounts growing deeper as Christmas draws nearer.
For great deals on Cyber Monday, turn off the computer and go bargain-hunting in brick-and-mortar stores. Between retailers desperate to compete and websites starting sales earlier, e-commerece's big day is losing its online luster.
Here's some Black Friday shopping advice: Stay home. Ditch the stores, crowds and lines, and shop online, where the deals often eclipse what you'll find in stores, says Brad Wilson, CEO of Bradsdeals.com. So where are the big bargains on shoes, electronics, jewelry, apparel and home goods? Read on ...
Popular daily-deal sites, such as Groupon and LivingSocial, work with businesses to offer group discounts for shoppers. But a new site called oBaz, which launches Tuesday, wants to reverse the model by enabling shoppers to ask for what they want.
Electronics retailer Radio Shack is shedding its image as an also-ran. Here's why we see opportunity in a stock that's long been a punch line.
Vizio widened its lead in the U.S. liquid-crystal-display television market in the fourth quarter, according to a new report from research firm iSuppli. Samsung and Sony lost market share from a year ago, although Sony gained ground from the third quarter.
Sony's quarterly profit dropped 8.6% as a strong yen and falling TV prices erased the boost the Japanese electronics and entertainment company got from its hit movie "The Social Network."
Electronic Arts says its fiscal third-quarter net loss widened as revenue fell, but adjusted results surpassed Wall Street's expectations -- and an optimistic outlook and stock buyback plan helped push its shares higher.
Tech layoffs came to just under 47,000 last year, according to employment-services firm Challenger, Gray & Christmas. Better still, during the next 10 years, the sector is forecast to have one of the fastest paces of job creation of any industry.
U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions and desktop computers, as well as lower-end digital cameras and MP3 players, according to the report.
Shoppers didn't disappoint, buying presents at both low- and high-end prices, from jewelry to shoes. Most analysts predict sales will show year-over-year increases of 3% to 4% on Thursday, when major chains post December figures and holiday totals.
Electronics retailer Best Buy has agreed to pay $399,000 to settle allegations that it advertised lower prices on its website, then charged customers higher prices at some of its stores.
Best Buy shares are plunging in pre-market trading after the giant retailer reported lower-than-expected earnings and slashed its guidance for the full year.
As the holiday shopping season kicks off, a report this month from ChangeWave forecasts that Apple will lead sales of consumer electronics, outpacing other sellers of computers, tablets and home electronics in buyers' shopping plans.
Amazon's third-quarter profits rose 16% thanks to surge in sales of electronic products such as its Kindle e-reader, the world's largest online retailer reported after the bell Thursday.





















