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Corporate News 28 Apr 2016 | 7:24 AM Premium

Sony logs biggest profit in 8 years on restructuring, games

TOKYO: Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007 due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames.

Business 30 Oct 2013 | 3:51 PM Premium

Japan's Nintendo swings back to profit on weak yen

TOKYO: Ninntendo said Wednesday it swung back to profitability in the six months to September thanks to a sharply weaker yen, but the Japanese videogames giant struggled with tepid sales of its Wii U console.

Business 20 Dec 2012 | 12:00 AM Premium

Multi-billion-dollar videogame industry came under scrutiny after school shooting

LOS ANGELES: The multi-billion-dollar videogame industry came under scrutiny on Wednesday after Hollywood canceled, postponed or played down a slew of movies and TV shows with violent content in the wake of last week's shooting at a Connecticut elementary school.

Business 31 Dec 2020 | 7:00 AM

Winners and losers in Japan’s 2020 stock market

TOKYO: More time at home, reduced mobility and billionaire Masayoshi Son helped drive stocks in Japan in 2020, as the coronavirus pandemic became the dominating force separating winners from losers.

Markets 11 Sep 2018 | 10:22 PM Premium

Wall St. gains as Apple, tech, energy, rebound

NEW YORK: U.S. stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.

Corporate News 16 Aug 2018 | 12:10 AM Premium

Tech giant Tencent caught in Chinese regulatory trap

Chinese tech titan’s quarterly net profit drops 2% on softer investment gains

Auto 19 Mar 2018 | 4:04 AM Premium

Don’t call it a car: China’s Internet giants want to sell you ‘mobile living spaces’

Baidu, Alibaba and Tencent are betting the auto industry will shift from selling hardware to selling subscriptions to internet-equipped autonomous cars