Japanese electronics maker, Sony announced it is to axe 10,000 jobs after four straight years of losses.

Sony has more than doubled its projected annual losses to 520 billion yen (€4.9bn) – its worst ever – due to a massive tax charge.

Wales-born Howard Stringer, one of the few foreign bosses to head a major Japanese company, is to give up his role as Sony chief executive but remain as chairman, the electronics giant said today.

SONY has introduced its new-generation PlayStation Vita gaming handset and blockbuster 3D console titles as it bids to shake off the stigma of cyberattacks on its system.

Sony said today it had resumed a limited restoration of its PlayStation Network service in the US and Europe after the service was shut down amid a massive security breach.

SONY executives bowed in apology yesterday fora security breach in the company’s PlayStation Network that caused the loss of personal data of some 77 million accounts on the online service.

Sony executives bowed in apology today for a security breach in the PlayStation network that caused the loss of personal data of some 77 million accounts on the online service.

SONY CORP yesterday launched a music streaming service in a bid to boost sales of its consumer electronics and break Apple’s dominance of the online music business.

Seven bodies have been found in two cars in northern Japan, in what police suspected today were the country’s latest group suicides.