Sony halves forecast as yen, movie unit hammer profit
World BusinessFeb 2, 2017
TOKYO(AFP) -- Sony on Thursday halved its full-year profit forecast as it was battered by a near $1 billion writedown on its movie unit while a strong yen also dug into the Japanese firm's bottom line. The dour reading comes as the embattled entertainment giant struggles with a painful restructuring drive that has included layoffs and asset sales after years of huge losses. It said net profit i...