Changing channels; Sony, Sharp in turnaround battle

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    Anonymous

    Technology News

    Sony Corp's speakers are displayed at an electronics store in TokyoTOKYO (Reuters) – Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren't sure a consumer electronics revamp will deliver the profit growth the group seeks. Sony shares, valued at less than $12 billion, have dropped 16 percent since end-June and its 5-year credit default swaps – the cost of insuring against debt default – have jumped by almost 60 percent. The benchmark Nikkei average is down by less than 1 percent. …


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