Economy

Synchrony Financial Launches New Digital Portal
August 24, 2015 at 1:02 pm

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.

Trouble Ahead for HTC
August 10, 2015 at 11:17 am

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.

CEA: Consumer Confidence Remains High
January 27, 2015

The Consumer Electronics Association's monthly measures of consumer confidence remain high, CEA said, although the tech number dropped slightly from last month.

CEA: Confidence Mixed Ahead of Holidays
October 29, 2014

CEA's Index of Consumer Technology Expectations (ICTE) dropped 3.2 points in October, although the Index of Consumer Expectations (ICE) rose 5.3 points the same month.

Sony CEO Kazuo Hirai Is Focused on 'Sonyness'
May 31, 2013

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

Report: Sony Hires Bankers to Explore Loeb's Partial Spinoff Plan
May 30, 2013

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

Sony Eyes Two Former Apple Executives for Board
May 30, 2013

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.

Panasonic to Cut 5,000 Workers from Automotive and Industrial Division
May 29, 2013

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

Why the Tech Industry Needs Something New to Talk About
May 29, 2013

Last year when Apple CEO Tim Cook took the stage at D10, it occurred to me that he had probably the hardest job in American business: certainly the hardest job in technology, following in Steve Jobs' shadow. This year at D11, it's clear Cook is up to the job; but he needs something new to talk about to move Apple firmly into the post-Jobs era.

It's been ages since the last Apple public event in September 2012 to introduce the iPhone 5. Since then, one of the premier sources of showmanship