Sony Corp. (SNE: Quote) announced Thursday it will cut about 10,000 jobs in fiscal 2012 as part of a turnaround plan.
Sony gapped open sharply lower Friday and declined during the first half of the morning. The stock was range-bound for the remainder of the session and closed down by 1.37 at $17.36 on above average volume. Sony has been losing ground for the past 2 weeks and closed at over a 2-month low.
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by RTT Staff Writer
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