Consumer Electronics

According to Japanese business daily Nikkei, Panasonic Corp (NYSE: PC) announced its plans to lower its subsidiary Sanyo Electric Co's workforce by more than 10,000 employees at home and abroad this year. PC shares dropped 0.43% to close at $11.70 yesterday.

Shares of Garmin (NASDAQ: GRMN) are plunging intra-day on Monday after the company said that its TomTom segment has been deteriorating over the last several weeks. TomTom now sees Q2 sales in a range between 300-310 million euros, full year sales of 1.22-1.275 billion euros, and EPS between 0.25-...

By Donn Perez Fresard Imagine leaks uncovering more "Fabulous Fab" types -- there's potential for damaging revelations that could lead to criminal investigations and punishment from the markets. Post-WikiLeaks, there's been a lot of talk about a new era of forced official transparency. Thursday...

The U.S. Supreme Court struck down a California law which prohibits the sale of violent video games to minors, on the grounds that the ban is an unconstitutional infringement on the right to free speech. The vote was 7-2 in overruling the law. Justice Antonin Scalia wrote for the court, “Even where...

Pre-open movers US stock futures are higher this morning, as investors are awaiting data on consumer spending. Futures on the Dow Jones Industrial Average surged 26 points to 11,907.00 and futures on the S&P 500 stock index rose 4.20 points to 1,267.20. Nasdaq 100 futures jumped 7.75 points to...

Garmin Ltd. (NASDAQ: GRMN) announced that the U.S. International Trade Commission issued a final determination on June 24 finding no violation of Section 337 of the Tariff Act with respect to Garmin's imported navigation products. An ITC administrative law judge previously ruled that Garmin's...

Activist hacker group Lulz Security announced its supposed disbandment on a file-sharing website this weekend, ending its 50-day cyber attack campaign. Throwing "a shout-out to all of our battlefleet members and supporters across the globe," the statement noted: "Thank you for sailing with us. The...

Garmin Ltd., (NASDAQ: GRMN) today announced that one of its subsidiaries has signed an agreement to acquire Tri-Tronics Inc., the leading designer and manufacturer of electronic dog training equipment. The acquisition will allow the combined company to expand its leadership position in both the...

Facebook just lost six million American users, marking the end of an era for the world's largest online community. Well, not really. But it does beg the question: what does the future hold for social networking? And how can six million people just vanish from Facebook? Statistical Anomalies...

Citigroup Inc. (NYSE: C) said that a cyber attack that compromised its customers personal information exposed more than 350,000 North American Citigroup credit card accounts. In total, 360,083 accounts were affected, and 217,657 of those customers received reissued cards. Citi is only the latest...

The publicly accessible website of the Central Intelligence Agency went offline Wednesday, and a notorious hacking group has claimed responsibility for it. Lulz Security has confirmed its participation in the attacks, which brought the CIA.gov website down in cities across the world. Lulz...

The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...

Merely days after I speculated that Sony (NYSE: SNE) was the inspiration for the numerous hacker attacks that have occurred over the past six weeks, the Washington Post reports that Minecraft, Eve Online, League of Legends and Escapist Magazine have been taken down by a denial-of-service attack....

Garmin Ltd. (Nasdaq: GRMN) and Navigon AG announced today that Garmin Ltd. and the shareholders of Navigon AG have signed an agreement for a subsidiary of Garmin to acquire privately held navigation provider Navigon AG. Navigon will operate as a subsidiary of Garmin Ltd. The acquisition is...

Sony (NYSE: SNE) HDCAM SR tapes are in very short supply “owing to disruption by the Sendai earthquake on production in Japan,” J.P. Morgan reports. “We note that online sales are subject to shipping uncertainty, and there have been press reports of prices spiking more than 4-fold since March,” J....