Latest Sony Corp News
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. Sony would be the majority shareholder and Apollo would have a minority stake, according to the...
Sony’s ‘Kraven the Hunter’ release is delayed until December
The summer movie season may kick off next weekend, but the release calendar is still a work in progress. The latest movie to shift spots is Sony’s comic book film “Kraven the Hunter,” which will now open in December instead of on Labor Day weekend. The studio announced the move...
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Alphabet Inc., down $1.92 to $154.09. Google says it will combine several divisions as it focuses on integrating artificial intelligence more widely throughout the company. ...
Japanese leader visits new chip factory, stressing ties with Taiwan and support for key technology
TOKYO (AP) — Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than 1 trillion yen ($7 billion) of support to secure a steady supply of chips on Saturday. “I believe this project will have positive ripple effects...
Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
Apple is laying off more than 600 workers in California, marking the company's first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with...
OpenAI has 'full confidence' in CEO Sam Altman after investigation, reinstates him to board
OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after the conclusion of an outside investigation into the company's turmoil. The ChatGPT maker tapped the law firm WilmerHale to look into what led the company to...
The jobs market is hot, but layoffs keep coming in a shifting economic environment
The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. In a stunning burst of hiring to start the year, the nation added 353,000 jobs in January, shrugging off the highest interest rates in two decades that have been put in place by the U.S. Federal Reserve...
Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector
Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years. The video game maker said in a regulatory filing that its board approved a restructuring plan that...
Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue
Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs. Sony cited changes in the industry as a reason for the restructuring. “The industry...
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
TOKYO (AP) — Chip giant Taiwan Semiconductor Manufacturing Co. opened Saturday in an official ceremony its first semiconductor plant in Japan as part of its ongoing global expansion. “We are deeply grateful for the seamless support provided by you at every step,” TSMC Chairman...
