Sony Corp. in the latest quarter posted a 19.3 billion yen ($196 million) loss, which included a $181 million operating loss for Sony Pictures. The company slashed its profit forecast for the fiscal year ending in March to 30 billion yen from 50 billion yen
Facebook's posted a 60 percent revenue increase in the third quarter thanks to mobile advertising growth. In a conference call with analysts, however, Facebook finance chief David Ebersman said the company saw a decrease among younger teenagers which sent shares from soaring as much as 18 percent to closing down 39 cents during Wednesday's regular trading hours.
Conrad Murray, the doctor convicted of killing Michael Jackson, was released from jail Monday after serving nearly two years of a four-year sentence. The former cardiologist was convicted in 2011 of causing Jackson's death in June 2009 by providing the superstar with an overdose of the powerful anesthetic propofol as a sleep aid while Jackson was preparing for a series of comeback concerts,
Sean Combs' new Revolt channel launched with a nod to big dreams and its founder's musical past, bringing a new outlet for music to television. Despite some technical glitches in its opening Monday, Combs aspires to nothing less than making Revolt the ESPN of music, with well-curated playlists and a strong focus on industry news.
Apple is expected to round out its line-up of gadgets for the holiday shopping season with the Tuesday unveiling of its latest iPads. Apple's secrecy notwithstanding, glimpses of the revamped iPads have been showing up in videos posted on the Internet, including on websites that provided early - and accurate - peeks at the new iPhones Apple rolled out last month.