Consumer confidence towards tech spending dipped slightly in October while their sentiment towards the overall economy remained flat.
Synchrony Financial announced the launch of the Synchrony Connect digital portal which offers Synchrony business partners a range of Synchrony expertise, insights and tools in non-credit areas via webinars, one-on-one engagements, consulting projects, multi-client and cross-industry events, and the online portal.
Smartphone maker HTC saw a plunge in the company's market price on Monday to $1.5 billion, signaling investors saw no value in the rest of the company. Thus HTC's brand, factories and buildings are all worthless to investors.
The final session on the final day of this year's D conference was an unusual one: Walt Mossberg and Kara Swisher chatting with San Francisco 49ers CEO Jed York and Sony CEO Kazuo "Kaz" Hirai.
Much of the conversation concerned Levi's Stadium, the 49ers' new home in Santa Clara, California, which is scheduled to open next year. The team and Sony are collaborating on technology for the venue, and while the stuff they talked about was thin on concrete details - it might involve 4K content and services to let you order food
Sony is planning to add two new people to its board of directors, and both can trace their roots to Apple.
Eikoh Harada, current president of McDonalds Holdings Japan, and Tim Schaaff, Sony's former Network Entertainment chief, have been nominated to join the electronics giant's board of directors. Although people are elected for boards all the time, Harada and Schaaff's shared histories make these nominations rather interesting.
U.S.-listed shares of Sony extended their recent rally by jumping as much as 7% on Thursday on a report that the Japanese conglomerate has hired investment bankers to review a hedge-fund plan to sell part of its entertainment unit.
Investors have enthusiastically cheered billionaire Daniel Loeb's proposal for Sony to breathe new life into its electronics division by spinning off 15% to 20% of its movie and entertainment business.
According to Bloomberg News, Sony is working with Morgan Stanley and Citigroup as it considers adopting the plan put forth by Loeb's
Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company's president, Kazuhiko Tsuga.
The division, which covers automotive components, semiconductors, production machinery and other devices, employs 110,000 people, around a third of Panasonic's workforce. The business is at the forefront of Tsuga's strategy to shift Panasonic away from consumer electronics to building gadgets