Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-making TV business and compete in the smartphone market against Apple Inc and Samsung Electronics.
Regards,
Don
Facebook CEO Mark Zuckerberg, whose limited role in promoting the No. 1 social network’s market debut has drawn criticism, laid out its growth strategy to investors on Friday, saying that transforming its mobile and advertising experience are top priorities in 2012.
Regards,
Don
Huawei’s head of research and development in North America said his company is more than ready to take on larger rival Cisco Systems but noted it will take some patience — and time.
Regards,
Don
More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase’s (JPM.N) trading loss.
Regards,
Don
Ask people what they think about Facebook, and you’re likely to hear everything from “It’s a terrific way to connect with friends and family,” to “It’s a colossal drain on time and productivity.”
Regards,
Don
Industrial metals have ended a bumpy week on a lower note.
Prices for copper, silver, palladium and platinum all fell Friday after new data showed China’s economy continued to slow in April. In particular, industrial production expanded less than expected.
Regards,
Don
- Gold fell almost 1 percent on Friday as fears over a worsening European debt crisis and sharp losses in equities and commodities sent the precious metal to its biggest weekly decline this year.
Regards,
Don
Fitch Ratings has downgraded its assessment of America’s biggest bank, JPMorgan Chase & Co.
The rating agency’s move comes a day after JPMorgan disclosed a surprise $2 billion trading loss in a portfolio designed to hedge against risks the company takes with its own money.
Regards,
Don
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