Changing channels; Sony, Sharp struggle

Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren’t sure a consumer electronics revamp will deliver the profit growth the group seeks.

Sony shares, valued at less than US$12 billion, have dropped 16 per cent since end-June and its 5-year credit default swaps - the cost of insuring against debt default - have jumped by almost 60 per cent. The benchmark Nikkei average is down by less than 1 per cent.

via Business feed http://www.scmp.com/business/companies/article/1074214/changing-channels-sony-sharp-struggle