Posted inJapan, Northeast Asia

Record profit forecast for resurgent Sony puts stock at 9-year high

Shares in Sony Corp soared to a nine-year high on Wednesday after it forecast record earnings that have vindicated its restructuring efforts and raised expectations of sustained momentum in profitability. Under Chief Executive Kazuo Hirai, the tech and entertainment giant has streamlined unprofitable electronics businesses and capitalized on the spread of smartphones with its image […]

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