TOKYO (Reuters) -Japan's Sony Group reported a 7% fall in annual operating profit on Tuesday, hit by the performance of its financial business. Profit for...
TOKYO -Japan's Sony Group reported a 7% fall in annual operating profit on Tuesday, hit by the performance of its financial business .
The gaming sector has been hit by a slowdown with Xbox maker Microsoft last week moving to shutter studios including Tokyo-based Tango Gameworks in the latest cost-cutting measures.Sony said in February it would lay off 900 workers at its gaming business and shutter a London studio. Sony Pictures last week sent a letter expressing interest in acquiring Paramount with private equity firm Apollo, Reuters reported.
Buffett sold $17 billion of stocks and amassed a record $189 billion cash pile last quarter because he knows the fun won't last, Paul Dietrich said.
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