Tag: sony

Currency movements adversely impact results at both companies, adding to the problems caused by the recessionary conditions in their respective markets. The company blames the strong yen, but some analysts are not convinced. How long can the CEO hang on? Howard Stringer says there is “too much old Sony at Sony” despite the fact that he has been in charge since June 2005. A Credit Suisse report raises a possibility that must bring a chill to the management of the Japanese colossus. JPMorgan and Nomura pull off an unlikely coup as Sony's insurance unit raises $3 billion in a deal that could stimulate Japan’s stagnant IPO market. Sony Financial hopes to raise $3 billion in unfavourable markets. Kunitake Ando, the president and COO of Sony, is bullish that East Asia is becoming the global driver of economic growth.