Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Breakingviews
George Chen
Bernd Debusmann
Gregg Easterbrook
James Pethokoukis
James Saft
John Wasik
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
MuniLand
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Analysis: Obama, Bernanke out of ammo to boost jobs, growth
03 Aug 2011
HIV infections in U.S. stable but disparities exist
03 Aug 2011
Human hair trade soars on celebrity hairdo envy
03 Aug 2011
Dozens die, thousands flee Syrian tank assault in Hama
|
11:23am EDT
Stocks fall 2 percent; S&P in correction territory
11:38am EDT
Discussed
249
Putin says U.S. is a ”parasite” on global economy
216
Vote delayed on debt bill as default date looms
109
Economic growth tepid as spending flat
Watched
Israel unveils missile video
Mon, Aug 1 2011
Scientists warn of "Planet of the Apes" scenario
Sat, Jul 30 2011
Solar windows see power savings
Wed, Aug 3 2011
Sony rules out exiting TV business or LCD panel venture
Tweet
Share this
Email
Print
Related News
Hitachi, Mitsubishi edge towards groundbreaking merger
9:56am EDT
UPDATE 7-Hitachi, Mitsubishi Heavy start merger talks-sources
Wed, Aug 3 2011
UPDATE 3-Hitachi marks end of an era with TV outsourcing plan
Wed, Aug 3 2011
U.S. trade panel to probe Apple claim against Samsung
Tue, Aug 2 2011
Sony plans to overhaul lossmaking TV division
Tue, Aug 2 2011
Analysis & Opinion
The Apple of Grand Central’s eye
Tech wrap: ITC joins Apple-Samsung spat
Related Topics
Technology »
Media »
A man touches Sony's OLED TV during a photo opportunity at an electronic shop in Tokyo February 16, 2010.
Credit: Reuters/Kim Kyung-Hoon
TOKYO |
Thu Aug 4, 2011 5:46am EDT
TOKYO (Reuters) - Sony ruled out dumping its television business or dissolving a TV panel partnership with Samsung Electronics Co even as it looks to overhaul its lossmaking TV unit.
The electronics and entertainment conglomerate's second-in-command, Kazuo Hirai, told reporters on Thursday that the company was not considering selling off its factories, but would consider new partnerships as it reviews the unit.
"Televisions are a core business for Sony and it would be unthinkable for us to shrink that business," executive deputy president Hirai said.
Sony, which sells products ranging from PlayStation game consoles to life insurance, is heading for its eighth straight year of losses in the TV business as it struggles to compete with Samsung and other lower-cost Asian rivals.
Asked about the partnership with Samsung, Hira said: "We are absolutely not thinking of abolishing the joint venture, and it's not something that would be easy to do."
Former games division chief Hirai, 50, took the helm of Sony's consumer businesses in April and is seen as the most likely candidate to succeed British-born Howard Stringer as chief executive.
But he faces the challenge of steering a once iconic technology company now outmaneuvered in tablets and smartphones by Apple Inc.
Sony has said it would pull together plans to overhaul its TV business this month, and last week it cut its annual TV sales forecast while warning that losses on TVs could widen this year.
Sony has already sold off TV factories in Spain, Slovakia and Mexico in the past few years and outsources more than half of production to companies including Hon Hai Precision Industry. It retains four TV plants of its own, in Japan, Brazil, China and Malaysia.
Rival Panasonic Corp has also warned of weak TV sales, especially in the United States and Europe.
Sony's videogames division could also face trouble after rival Nintendo's latest handheld gadget flopped, forcing a resort to deep price cuts that could hurt sales of Sony's PS Vita.
The PS Vita will go on sale in Japan by the end of the year and in North America and Europe early next year, Hirai said.
(Reporting by Isabel Reynolds; Editing by Anshuman Daga and Edmund Klamann)
Technology
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Mobile
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electric trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.