Sony Swings to Loss, Slashes Full-Year Forecast

Sony Corp. said Thursday it veered into a fiscal third-quarter net loss of more than $2 billion and forecast a much wider full-year loss than previously expected, dragged down by losses in its television business and the impact of the strong yen on its European operations.

Sony Promotes Hirai to President

Sony Corp. said Wednesday it tapped Kazuo Hirai, a veteran of its PlayStation videogame business, to be the company’s next president and chief executive officer, in a move expected to accelerate a network strategy to align its consumer electronics with content and services.

Nintendo Swings to Loss

Grappling with a sluggish debut for its new hand-held game system and petering demand for its flagship home console, Nintendo Co. swung to a loss for the first nine months of its fiscal year and scaled back sales forecasts for its 3DS portable system and Wii.

Olympus Coverup Spooks Investors

Olympus Corp.’s admission that it hid investment losses raised as many questions as it answered: not just about the full extent of the scandal, but even about the viability of the 92-year-old company.

Sony Nears Deal to Buy Out Ericsson From Joint Venture

In a sign of the central role smartphones will play in its future consumer-electronics strategy, Sony Corp. is nearing a deal to buy out Telefon AB L.M. Ericsson’s stake in their mobile phone joint venture, according to people familiar with the matter.

Sega Confirms Cyberattack

In the latest cyberattack to hit the videogame industry, Sega Corp. said an intruder stole the personal information of nearly 1.3 million users of its online service from a company database.

Sony Unlikely to Raise Stake In Sharp Venture by End of Month

Sony Corp. is unlikely to raise its stake in its liquid crystal panel production joint venture with Sharp Corp. by the end of this month as originally planned, people familiar with the matter said Tuesday.

Sony Picks Possible Heir to Stringer in Realignment

In a sign that Sony Corp. has anointed a possible successor to Chief Executive Howard Stringer, the company said it plans to combine its videogame and consumer electronics businesses and then promote Kazuo Hirai, the head of its PlayStation game business, to oversee the newly formed unit.

Nintendo 3DS: Nearly Sold Out in Japan?

It may come with a health warning but Nintendo Co.’s 3DS game system nearly sold out its first batch of shipments to retail outlets in the first two days since the new 3-D portable game machine debuted in Japan on Saturday, according to a local research firm.

Nintendo's 3-D Gadget Faces Software Hurdle

As Nintendo Co. readies to launch its 3DS hand-held game player Saturday in Japan, software developers are still wrestling with how to best utilize the device’s three-dimensional graphics.