<February 15, 2012> Samsung Electronics Co. surprised many in the industry today when it revealed that it is considering spinning-off its LCD flat-panel television business which is losing money amid a worldwide slowdown in consumer demand according to a report by Reuters. The company says letting the LCD business go will allow it to focus on what it believes will be the next wave in television technology – OLED which it hopes will stimulate consumer demand …and company profits. [Read more…] about TV War Won, Samsung Considers Spinning Off its Money-Losing LCD TV Business
Economic Trends
S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook
<February 8, 2012> Credit rating agency Standard & Poor’s today cut the long-term debt rating on Sony Corporation to BBB+, just two notches above “junk” status, and further issued a negative outlook which suggests a potential further drop in the future. In a statement, S&P said that “the likelihood of a strong recovery in Sony’s earnings is low.” [Read more…] about S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook
