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US Stock Futures Up As Investors Await Jobless Claims, GDP Data
Thursday, May 26, 2011 - 5:16am | 568US stock futures are higher this morning, as investors are awaiting data on jobless claims and first-quarter economic growth. Futures on the Dow Jones Industrial Average surged 29 points to 12,380.00 and futures on the S&P 500 stock index rose 2.70 points to 1,319.30. Nasdaq 100 futures gained...
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Sony Reports Wider Loss, Projects $975.6 million Net Profit For Current Fiscal Year
Thursday, May 26, 2011 - 3:46am | 170Sony Corp (NYSE: SNE) released its results for the fiscal fourth quarter and the full year on Thursday. For the full business year, Sony posted a net loss of Y259.59 billion ($3.2 billion), wider than a loss of Y40.80 billion, in the year-earlier period. Its revenue dropped 0.5% to Y7.181 trillion...
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Top 4 Small-Cap Stocks In The Toys & Games Industry With The Highest Revenue
Wednesday, May 25, 2011 - 11:44pm | 130Below are the top small-cap toys & games stocks on the NYSE, the NASDAQ and the AMEX in terms of revenue. The trailing-twelve-month revenue at JAKKS Pacific Inc (NASDAQ: JAKK) is $742.25 million. JAKK's PEG ratio is 0.96. The trailing-twelve-month revenue at Leapfrog Enterprises Inc (NYSE: LF...
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Can't Catch a Break: Sony Shuts Down Websites After Another Data Breach
Wednesday, May 25, 2011 - 5:39am | 313Already reeling from hacking attacks on its online PlayStation network, Sony Corporation (NYSE: SNE) shut down more Internet services in Canada, Indonesia and Thailand Wednesday after another data breach. According to a Bloomberg report, "Intruders stole the names and e-mail addresses of about 2,...
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J.P. Morgan Initiates Coverage On TMS International
Tuesday, May 24, 2011 - 6:39am | 136J.P. Morgan Chase & Co. is initiating coverage on shares of TMS International (NYSE: TMS) with an Overweight rating and a $17 price target. In a note to clients, J.P. Morgan writes, "We view TMS, a provider of outsourced services to the steel industry, as a low- risk play on a recovery in...
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JP Morgan Initiates TMS International At Overweight, $17 PT
Tuesday, May 24, 2011 - 5:03am | 25JP Morgan has initiated coverage on TMS International (NYSE: TMS) with an Overweight rating and $17 price target.
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Zings Of The Day- May 23, 2011
Monday, May 23, 2011 - 2:52pm | 112Google (NASDAQ: GOOG) was warned a multitude of times by state regulators and industry watchdogs, as some of its advertisements about pharmaceutical products were violating U.S. laws. So much for the "don't be evil" mantra. Sony (NYSE: SNE) said today it will have a yearly loss of $3.2 billion, as...
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Is Sony Relevant Anymore?
Monday, May 23, 2011 - 9:03am | 405Sony Corp. (NYSE: SNE) this morning that it expects to post a loss for fiscal 2011 of around $3.2 billion, as a plethora of problems have plagued the Japanese electronics giant this year. From production disruption related to the devastation in Japan, to an attack on its its online gaming service...
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European and Asian Markets Torpedo to Open Week
Monday, May 23, 2011 - 5:49am | 248Indices across Asia and Europe are down more than 1.5% Monday, as renewed concerns about European sovereign debt and the global economic recovery took front and center. London's FTSE Index is down 1.7% today, with Germany's DAX Index down 1.8%. Fitch downgraded Greece on Friday. Further, markets...
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Sony Revises Forecast Down, Sees More than $3 Billion Loss
Monday, May 23, 2011 - 5:11am | 276Sony Corporation (NYSE: SNE) revised its earnings forecasts down Monday, attributing an annual loss to the impact of the Japanese earthquake and tsunami. Sony now expects a net loss of 260 billion yen, or $3.2 billion, for the fiscal year ending March 31, 2011, falling far short of a previously...
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Sony Projects Net Loss For FY2011
Monday, May 23, 2011 - 4:20am | 113Sony Corp (NYSE: SNE) projects to post a huge net loss for the fiscal year ended in March. Sony lowered its net profit projections for the fiscal year that ended in March to a loss of Y260 billion, from a profit of Y70 billion in February. The company kept its guidance for a Y200 billion...
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A Peek Into The Market Before The Trading Starts
Friday, May 20, 2011 - 6:29am | 401Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 31 points to 12,560.00 and futures on the S&P 500 stock index fell 3.70 points to 1,338.00. Nasdaq 100 futures dropped 6.25 points to 2,362.75. A Peek Into Global Markets Asian...
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Sony Considering Move to Turn Online Network Back On for U.S. Gamers
Friday, May 20, 2011 - 6:02am | 270Sony Corp (NYSE: SNE) is considering the return of its online games network on Tuesday, Kyodo news agency said on Friday. The news comes after Sony's online PlayStation network was breached last month. The company notified users that personal information was likely exposed, but could not confirm...
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Bulls Tuning Into Sony Corporation (SNE)
Thursday, May 19, 2011 - 9:22am | 146Shares of Sony Corporation (NYSE: SNE) are lower on the session by 2.09%, currently trading at $27.22. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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HARMAN Wins Branded Audio Contract with Dongfeng Passenger Vehicle of China
Thursday, May 19, 2011 - 7:47am | 60HARMAN (NYSE: HAR), announced today that it has been selected by Dongfeng Passenger Vehicle of China to equip its new luxury segment mid size sedan, the Aeolus, with branded audio systems. HARMAN will provide a ten-speaker premium surround audio system for the Dongfeng Aeolus models, including...