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Sony Board to Discuss Third Point Plan

Under pressure from an activist investor to take part of its entertainment business public, Sony said it plans to discuss the proposal with its board.

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Japan’s Electronics Under Siege

Hedge-fund billionaire Daniel Loeb’s campaign to pressure Sony Corp. into spinning off its entertainment arm is the latest tremor to ripple through Japan’s electronics industry, already reeling from unprecedented losses stemming from its lost standing in the technology world.

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Sharp Loss Widens to $5.36 Billion

After posting an annual net loss of ¥545 billion ($5.4 billion), the biggest in its 100-year history, Sharp Corp. said it plans to replace both its president and chairman after just one year in an unusually public rebuke of former management that underscores the depth of the struggling electronics maker’s problems.

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Panasonic Posts Another Full-Year Loss

Panasonic Corp. Friday posted net losses exceeding ¥750 billion ($7.4 billion) for the second straight year, dragged down by hefty restructuring charges aimed at fixing its ailing electronics business.

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Sony Swings to Profit

Sony Corp. said Thursday it swung back to a profit in its fiscal fourth quarter, lifted by one-time gains from the sale of office buildings and shareholdings.

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Sony Raises Full-Year Profit View

Japanese electronics firm Sony Corp. said it doubled its profit outlook for the past business year ended March, aided by a weaker yen, asset sales and a rebounding stock market that helped its life insurance business.

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LG to Expand Retail Stores

LG Electronics Inc. is expanding the number of its retail stores in emerging markets as it seeks to increase market share in smartphones and gain a stronger global presence in consumer electronics.

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A Silicon Valley Campus with Chinese Characteristics

Like most of China’s high-tech manufacturers Semiconductor Manufacturing International Corp. is located in an outsized and relatively isolated technology park. But unlike the bulk of China’s electronics manufacturers, which set up cramped dormitories and massive dining facilities to manage legions of workers who come to do basic assembly, SMIC’s campus is actually pleasant.

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Best Buy Halts U.S. Sales Decline

Best Buy Co. reported a narrower fourth-quarter loss on Friday on its first increase in U.S. same-store sales in more than a year, the latest evidence that the beleaguered electronics retailer is slowly stabilizing its battered business.

OpenX Raises $22.5 Million in Round Led by Samsung Venture Unit

More funding for the Los Angeles-based online advertising technology upstart.
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