Sony eyes return to profit after terrible year

New chief executive, Kazuo Hirai, faces enormous challenges. The Japanese consumer electronics firm is slashing costs in an effort to halt huge losses that have plagued it in recent years. Sony's TV business alone accounts for $12 billion in losses over the past nine years. The company is planning to cut 6 percent of its workforce - about 10,000 jobs - in a bid to turn the TV unit around. ... [ read the full article ]