Sony shares tumble to 31-year low

TOKYO (Reuters) - Japanese consum

TOKYO (Reuters) - Japanese consumer electronics giant Sony Corp posted a record net loss of 456.7 billion yen ($5.74 billion) for the year just ended, hit by losses from its TV business, but forecast a return to profit at an operating level in the current year.

Japanese consumer electronics giant Sony Corp posted a record net loss of 456.7 billion yen for the year just ended, hit by losses from its TV business, but forecast a return to profit at an operating ...

TOKYO (Reuters) - Sony Corp

TOKYO (Reuters) - A New York-based hedge fund with a reputation as an activist investor has proposed that Sony Corp spin off its entertainment division via an IPO, saying the move could boost the Japanese electronics firm's shares by as much as 60 percent.

TOKYO (Reuters) - Sony Corp shed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.

Jamie Moye submits:With its once-revered electronics business flagging, Sony Corp. (SNE) is placing a huge bet this year that 3-D technology will vault the company back into a leadership position in the living room.