Sony, lagging behind rivals, hands reins to a foreigner

Article Abstract:

Sony Corp., recognizing decreased performance, has resigned Chief Executive Officer Nobuyaki Idei and appointed American Howard Stringer. A recognition that Sony Corp. needs to recharge its core 'raison d'etre' as it has been behind in new product developments of the Internet age.

Management dynamics, Executive changes & profiles, Management, Officials and employees, Appointments, resignations and dismissals, Company Profile, Company business management, Stringer, Howard, Idei, Nobuyaki

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Hoping to revive electronics line, Sony unveils videodisc recorder

Article Abstract:

Sony Corp. has introduced a prototype of its PSX digital-videodisc recorder in an effort to revive the company's consumer electronics operations. The recorder will include a DVD recorder, a television tuner, and a hard-disk drive.

Audio and Video Equipment Manufacturing, Product introduction, New Products/Services, Home Video Disc Players, Videodisk players, Videodisc players, Videodisc systems

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Yasuda Fire plans to merge with two rivals

Article Abstract:

Yasuda Fire and Marine Insurance Co. announced that it was merging with Nissan Fire and Marine Insurance Co. and with Taisei Fire and Marine Insurance Co. The merger will form Japan's second-largest casualty insurance group.

Acquisitions & mergers, Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Direct Health and Medical Insurance Carriers, Surety insurance, Hospital and medical service plans, Medical Care Insurance, Mergers, acquisitions and divestments, Property and casualty insurance, Health insurance, Health insurance industry, Property and casualty insurance industry, Yasuda Fire and Marine Insurance Company of America, Nissan Fire and Marine Insurance Company Ltd., Taisei Fire and Marine Insurance Co.

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