Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

Howard Stringer

Howard Stringer

Sir Howard Stringer (born February 19, 1942) is a Welsh-born American businessman. He is the chairman and former CEO of Sony Corporation.

Read More at Wikipedia
Sony Sees Return to Profit, Aims to Halve TV Losses

Sony Corp predicted a return to profit this year as it looks to halve the losses in its TV business that pushed the Japanese consumer electronics giant to a record loss of $5.

74 billion in the year just ended.Sony shares, valued at around $15 billion or just 3 percent of rival Apple Inc, this week slipped to a quarter century low, a sign of how the Walkman and PlayStation maker has lost its innovative edge and fallen behind Apple and Samsung Electronics.Under new CEO Kazuo Hirai, Sony is slashing costs - 10,000 jobs, or 6 percent of the global workforce, will go - in a bid to turn around its struggling TV unit. At a briefing last month, Hirai sketched a future driven by mobile devices such as the Xperia smartphone, gaming and cameras, as well as medical devices and electric car batteries, along with big cost cuts in the TV business that has lost more than $12 billion in 9 years.The company said on Thursday it expects to sell more than 33 million smartphones this year, up from 22.5 mill...

Read More

  1. Hirai to Take Helm at Sony

    Sony Corp named Kazuo Hirai as Chief Executive, to succeed Howard Stringer at the helm of the iconic gadget maker as it struggles with persistant losses and stalled ...

  2. Sony Promotes Kazuo Hirai To Chief Executive

    Sony Corp. on Wednesday said it had promoted Kazuo Hirai, a veteran of the company's PlayStation division, to chief executive, in move seen as helping the company to...

  3. Sony , Fujifilm Top Rivals for Olympus Tie: Sources

    Sony Corp and Fujifilm Holdings are leading contenders for an equity stake in Olympus Corp , sources familiar with the situation said, as the scandal-hit medical equ...

  4. Sony warns of 4th annual loss; flags $2.2 billion TV loss

    By Isabel ReynoldsSony Corp surprised investors on Wednesday by warning it is heading for its fourth straight annual net loss and that its TV business alone would pr...

  5. Without Jobs, Apple's Rivals Could Catch Up

    The death of Apple's inspirational leader is likely to have a deep impact on the maker of the iPod , iPhone and iPad , giving major rivals a greater chance to catch ...

  6. Tributes pour in for Steve Jobs, dead at 56

    (Reuters) - President Barack Obama was among the many people who paid tribute to Steve Jobs , calling the Apple co-founder a visionary and great American innovator."...

  7. Sony Unveils Tablets, Receives Tepid Response

    Sony's new tablet computers failed to excite gadget reviewers and analysts who criticized the pricing and quality of the devices, underscoring the battle Sony faces ...

  8. Apple Fans Pay Tribute to 'Industry Icon' Jobs

    From San Francisco to Seoul to Sydney, fans of Apple Inc paid tribute to Steve Jobs after he resigned as CEO, calling him an icon for the entire technology industry,...

  9. Apple fans pay tribute to "industry icon" Jobs

    SAN FRANCISCO/SINGAPORE (Reuters) - From San Francisco to Shanghai to Sydney, fans of Apple Inc paid extraordinary tribute to Steve Jobs after he resigned as CEO, ca...

  10. Sony : We're Not Ditching TV Business

    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.T...

  11. Execs Take on the Economy, Jobs

    FBN’s Dennis Kneale on how top CEOs view the outlook for the economy and the job market.

  12. Google Takes Aim at Facebook

    FBN’s Dennis Kneale on the new Google Plus social networking service.

  1. Report: Sony to Cut 10K Jobs

    Sony (NYSE:SNE) will slash 10,000 jobs, or about 6% of its workforce, according to reports, as the Japanese electronics maker moves forward with an overhaul that wil...

  2. Panasonic Picks TV Head as New President, Record Loss Looms

    Japanese electronics conglomerate Panasonic Corp named Kazuhiro Tsuga, the head of its loss-making TV business, as its new president as the company heads for a recor...

  3. Sony's Hirai to Extend PlayStation Strategy, Be Tough on Costs

    Incoming CEO Kazuo Hirai aims to re-shape Sony Corp by linking hardware and software through online networks -- a model he used at its PlayStation unit -- dismissing...

  4. Panasonic Headed for $10.2B Annual Loss

    Japan's Panasonic Corp warned of a record annual $10.2 billion net loss, joining beleaguered rivals Sony and Sharp in a sea of red ink as they struggle to fix their ...

  5. Sony Sees $2.9B Loss, New CEO Warns of Pain

    Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Ka...

  6. Sony Anticipates $2.9B Annual Loss

    Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Ka...

  7. Photos Show Quad-Core iPad 3 With Wi-Fi, Global LTE Options

    A source claiming to be in possession of an iPad 3 prototype provided BGR with images containing details about Apple’s highly anticipated third-generation tablet. Fr...

‹ Prev12Next ›
Freebase CC-BY
Source: Howard Stringer on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL