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"Sony will change" says CEO; to cut 10,000 jobs
Apr 12th, 2012
TOKYO (Reuters) - Sony Corp said it is to cut around 10,000 jobs - 6 percent of its global workforce - as new CEO Kazuo Hirai moves to reduce costs and staunch huge losses at the Japanese electronics giant. After a brief honeymoon since taking over from Howard Stringer this month, Hirai this week doubled Sony's annual loss forecast to a record $6.4 billion, and is under pressure to fix an ailing TV unit and turn around a brand that has been trampled on by consumer gadget leaders Apple Inc and South Korea's Samsung Electronics. ... (Source: Reuters) -
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BEIRUT (AP) - Syrian President Bashar Assad said in a newspaper interview Saturday he won't step down before elections are held, rejecting a demand by the country's opposition that any talks on ending the nation's civil war lead to his ouster. (Source: Associated Press)... [Full Article]
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