Stories by Jay Alabaster

Sony annual losses soar, now expected to be nearly $US3 billion

Sony said Thursday it now expects to lose nearly $US3 billion in the current fiscal year through March, over double its target from just three months ago, as it books expenses related to the sale of its share in its LCD joint venture with Samsung and the effect of flooding in Thailand.

For Sony's new CEO, a big challenge is in your living room

Sony's new CEO faces a myriad of problems - stemming massive losses, snatching the momentum back from deep-pocketed rivals, unifying his firm's diffuse businesses across the globe - but one of his main priorities is your living room.

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