Sony

Sony Corp Sheds 10,000 Jobs
Sony Corp Sheds 10,000 Jobs
Sony Corp Sheds 10,000 Jobs
In an effort to shore up the profits and reduce their losses, Sony Corp is cutting 6 % of their total global workforce. The company’s new head, Kazuo Hirai, will confirm the reductions in what is sure to be a heavily watched briefing on Thursday, the country’s Nikkei newspaper reported Monday...
Japan Earthquake Creates Videotape Shortage;  Affects U.S. TV Industry
Japan Earthquake Creates Videotape Shortage; Affects U.S. TV Industry
Japan Earthquake Creates Videotape Shortage; Affects U.S. TV Industry
The earthquake in Japan is having far-reaching global effects - in some surprising places. It seems the Sony plant in Sendai, Japan had the monopoly on video tape in the world.  Pre-earthquake, a two-hour tape ran $250.  Now that the plant has been damaged and supplies are running out, 90-minute tapes are selling just under $1000...