Sony Corporation (ADR) (NYSE:SNE) has begun laying off employees in its entertainment division, according to an inside source. Prior to the cuts, Sony Pictures Entertainment had roughly 6,500 workers worldwide; it’s unknown how many will be affected by the downsizing effort. (Bloomberg Businessweek). Sony Corporation (ADR) (NYSE:SNE) shares after opening at $16.98 moved to $17.21 on last trade day and at the end of the day closed at $17.15. Company price to sales ratio in past twelve months was calculated as 0.24 and price to cash ratio as 1.09. Sony Corporation (ADR) (NYSE:SNE) showed a negative weekly performance of -3.92%.
Sprint Corporation (NYSE:S) suffered $1.9 billion in combined annual operating losses last year. Sprint Corporation (NYSE:S) shares fell -1.03% in last trading session and ended the day on $8.68. S return on equity ratio is recorded as -12.80% and its return on assets is -4.10%.
International Business Machines Corp. (NYSE:IBM)’s shares jumped 0.65% to $187.01. The company on Mar. 17 announced that it is a Premier-level sponsor for OpenStack Summit, which will be held May 12-16, at the Georgia World Congress Center in Atlanta. The OpenStack Summit is the premier open cloud event, bringing together thousands of OpenStack contributors, users and ecosystem members. International Business Machines Corp. (NYSE:IBM) shares moved up 0.54% in last trading session and was closed at $186.81 while trading in range of $185.54- $187.90 – International Business Machines Corp. (NYSE:IBM) year to date (YTD) performance is 0.14%.
Google (NASDAQ:GOOG) Director L John Doerr sold 8,334 shares of the stock on the open market in a transaction dated Tuesday, March 18th. Google Inc (NASDAQ:GOOG) weekly performance is 0.94%. On last trading day company shares ended up $1,211.26. Google Inc (NASDAQ:GOOG) distance from 50-day simple moving average (SMA50) is 3.34%. Analysts mean target price for the company is $1322.38.
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