(Reuters) - Japanese electronics firm Sony Corp disappointed with a 91.7 billion yen ($1.2 billion) operating loss in October-December that was worse than analysts' estimates as it battled a strong yen, Thai floods and a dull economy. The company also forecast a full-year operating loss. On the eve of the result, Sony named Kazuo Hirai, the company veteran who revived its PlayStation gaming ...

As expected, Sony Corp. has replace Sir. Howard Stringer as president and chief executive officer with Executive Deputy President Kazuo Hirai, who was named head of the company’s consolidated consumer products division last March. Stringer will remain Sony’s chairman until June, when he will become chairman of the company’s board of directors. Hirai will officially take over as CEO April 1.

Sony's slump continued on Thursday as the company raised its loss forecast for fiscal 2011 to $2.9 billion, more than double what had previously been suggested.

Sony projects an annual loss of $2.86 billion, hurt by a weak economy, natural disasters and a strong yen. It posts a $2-billion loss in its fiscal third quarter. Kazuo Hirai had little to celebrate after just being crowned the next chief executive of Sony Corp.

Japanese tech giant Sony more than doubled its full-year net loss forecast to $2.9 billion on Thursday, as outgoing president and CEO Howard Stringer admitted making errors but sought to defend his legacy.

Sony Corp. more than doubled its annual loss forecast, underscoring the challenge for incoming Chief Executive Officer Kazuo Hirai in reviving Japan’s biggest consumer-electronics exporter.

Sony Corp. jumped the most in more than 10 months in Tokyo trading after incoming Chief Executive Officer Kazuo Hirai said he will close down some underperforming businesses to help revive the unprofitable company.

(Reuters) - Sony Corp named on Wednesday Kazuo Hirai as chief executive to succeed Howard Stringer at the helm of the iconic gadget maker, now mired in losses as it struggles to re-energize the brand. Here's a look back at major events at Sony under Stringer's rein, during which the stock fell more than 60 percent. June 2005 Stringer takes over as CEO and chairman after a successful stint ...

TOKYO (Reuters) - Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around. Overtaken by more innovative rivals such as Apple Inc and Samsung Electronics over the past decade, Sony posted a $2.1 billion net loss for October ...

Sony Ericsson has announced a limited edition of its Xperia Active smartphone, after teaming up with extreme sports clothing brand Billabong.