Sony Corp. (SNE) 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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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.