Sony game unit says plans to cut jobs in U.S.
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Sony Corp.'s  game unit said on Thursday it planned to cut jobs in the United States and was eyeing restructuring steps in Japan as it struggles to keep up with industry rival Nintendo Co. Ltd. .
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Microsoft Corp.'s Xbox video game business will lay off 76 workers and stop making some sports games, the company said.
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Sony has decided to give up on the music and video download business, choosing to focus on its struggling PlayStation group instead. The closing of Connect would also mean the loss of at least 20 jobs, paidcontent.org reported over the weekend.
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Walt Disney Co. on Friday said it would cut jobs in its animation unit as the media company sought to be flexible in timing of its films.
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Circuit City Stores, the second-largest U.S. consumer-electronics chain, said it is cutting about 850 jobs in the United States, on top of 3,400 eliminated in March, as it realigns store management.
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Sony Corp. said on Thursday it sees no  need to change its target to ship 2 million units of its  PlayStation 3 game console worldwide by the end of December and  6 million by the end of next March.
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Sony Corp. (6758.T) plans to phase out the cut-priced $499 model of its PlayStation 3 video game machine, leaving only a higher capacity $599 model for sale in the United States, the company said on Monday.
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Sony Corp. , the world's biggest game-console maker, cut the price of the PlayStation 3 in the United States by $100, or 17 percent, responding to the widening lead of Nintendo Co.'s Wii and Microsoft Corp.'s Xbox 360.
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Sony Corp. (6758.T) cut the price  of the PlayStation 3 by $100, or 17 percent, in the United  States on Monday, a move that should boost the video game  console&#39;s lackluster sales.
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The electronics giant plans to sell its operations for making microchips used in its PlayStation game console to Toshiba, pulling back from the heavy investment needed.
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Sony Corp.'s  game unit said on Thursday it plans to cut jobs in the United States, but the scale and timing of the cut have not been decided.
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Sony Corp. 6758.T said on Tuesday it   would cut the price of its PlayStation 2 game console by about   19 percent to 16,000 yen ($138) in Japan as it gears up for the   eagerly awaited launch in November of the PlayStation 3.
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Sony Corp. said Friday it will lower the price of its much-anticipated PlayStation 3 video game console, heating up the competition in the next-generation gaming war against rivals Microsoft and Nintendo.
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Internet music retailer Sony Connect Inc. is eliminating some positions as part of a restructuring plan to shift resources to other online services, but it intends to continue operating, the company said Tuesday.
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Sony Corp (6758.T) gaming chief Kaz  Hirai hopes to turn a profit on the PlayStation 3 console  business in the entertainment conglomerate's next fiscal year,  fueled in part by falling costs for the parts used to make the  device.
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NEW YORK -- Sony Corp. on Thursday cut the price of its PlayStation 3 game console in the U.S. and announced an even cheaper model that will arrive before the holiday shopping season.
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The vice chairman of Japan's Sony Corp. said the company would consider spinning off its entertainment assets as a separately quoted business, a UK newspaper reported on Friday.