Archive for the ‘SNE’ Category

Cyber Security Sector to See Ongoing Consolidation

Wednesday, August 19th, 2015

The Deal’s Chris Nolter has been closely monitoring ongoing consolidation among cyber security groups as these companies try to keep pace with hackers’ evolving tactics.

Vaio to Sell Laptops in Microsoft Stores to Compete With Apple

Wednesday, August 19th, 2015

PC maker Vaio, once owned by electronics giant Sony (SNE) and now under control by a private equity fund, is looking to revitalize its bruised brand.

Learning From Xbox Launch Not a Game Says Former Microsoft President

Tuesday, August 18th, 2015

Former Microsoft President Robbie Bach is not playing around when it comes to solving societal problems.

Star Wars Battlefront Expected to Score Big for Gaming Industry

Thursday, August 6th, 2015

Game and console makers are expecting to score big with the upcoming release of some blockbuster games.

Sony Sees Profits Jump as Selfie Trend Drives Image Sensor Demand

Thursday, July 30th, 2015

Sony (SNE) reported its highest first quarter profits in 8 years, as the growing selfie trend drove demand for smartphone camera image sensors.

U.S. GDP Could Show Modest Growth, Impact Fed Move on Interest Rates

Thursday, July 30th, 2015

U.S. Gross Domestics Product numbers released today will tell us a lot about the economy and could determine whether the Federal Reserve will hike interest rates.

Nissan Turns Videos Game Enthusiasts Into Pro Race Car Drivers

Thursday, July 16th, 2015

Nissan has teamed up with Sony (SNE) PlayStation to create GT Academy: a global challenge now in its 7th year that turns gaming enthusiasts into professional race car drivers.

What Banks and the IRS Should Do to Prevent a ‘Cyber 9/11′

Monday, June 15th, 2015

NEW YORK (The Street) — If you bank with JPMorgan Chase
, buy insurance from Anthem Blue Cross 
or filed a tax return, you may have already been affected by a cyber-attack. And there’s more bad news: Regulators are concerned the worst is yet to come.
A "cyber 9/11," as New York Financial Services Superintendent Benjamin Lawsky called it, is a threat banks and financial institutions must take seriously, constantly upgrading security measures to prevent, detect and shut down hacker intrusions, the Securities and Exchange Commission and the Financial Stability Oversight Council said in recent reports. 
Must Read: What You Can Learn From How Small Banks Handle Financial Stress
"Recent cyber attacks have heightened concerns about the potential of an even more destructive incident that could significantly disrupt the workings of the financial system," the Financial Stability Oversight Council warned in its annual report in May. "Financial sector organizations should be prepared to mitigate the threat."
The threat, writ large, is a "disruptive series of attacks that would damage our financial and energy infrastructure," said Mary Jane Wilson-Bilik, a partner in the Washington, D.C., office of Sutherland Asbill & Brennan. "The constant data attacks undermine the reputation of key corporations, the enterprise’s value and one’s sense of security."
Among the most recent attacks was a breach of computer systems at the U.S. Office of Personnel Management, which may have compromised personal identity information for as many as 4 million current and former federal employees, the agency said. Its leaders are working with both the FBI and the U.S. Department of Homeland Security. 
"The sophistication and intelligence of cyber attackers is not be underestimated," said Wilson-Bilik, who cited FBI Director James Comey’s description of an "an evil layercake of bad actors, with terrorist groups and hostile nations on the top, followed by criminal gangs and individual bad guys at the bottom."
Both sovereign national and independent actors have been implicated in recent cyber-attacks: Widely publicized data breaches at Sony
were followed in 2015 by attacks on healthcare companies Community Health Systems
, Anthem 
 and Premera Blue Cross.
A cyber-attack at JPMorgan last year exposed customer contact information including e-mails, names and addresses for about 76 million households and 7 million small businesses, the New York-based bank said in a regulatory filing in October.  Information, such as account numbers, passwords and dates of birth, appeared to have been uncompromised, JPMorgan said. A bank spokesperson declined to comment further.
Must Read: How Millennials Are Making More Than Anyone on Their Retirement Plans

The company said in its last annual report that it had encountered "cyber threats of an unprecedented scale," in 2014. "We continue to discover and block new and unique malware, viruses and phishing attempts to obtain access to our data," executives said in the report. "Importantly, cyber-attacks to date have not resulted in material harm to our clients or customers."
JPMorgan said it spent more than $250 million last year on securing digital information. The bank has set up three global security operations centers to monitor and detect threats and doubled the number of cybersecurity personnel over the past two years.
It also plans a rigorous and systematic evaluation of its entire infrastructure and will work closely with government agencies, as both the Financial Stability Oversight Council and the Securities and Exchange Commission recommended.
In an April report on cybersecurity, the SEC focused on funds and financial advisors, offering specific recommendations on how to reduce risk.
"Regulators are reacting to an exponential change in the frequency and severity of cyber attacks in the U.S. that threaten not only our personal data but also our critical infrastructure," Wilson-Bilik said. "As institutions become more data rich and data dependent, they become more attractive targets for hackers. The stakes are enormously high."
Wilson-Bilik summed up the steps recommended by the financial stability council and the SEC as follows:

Adopt a coherent framework for managing cybersecurity compliance (such as the framework developed by the U.S. Department of Commerce’s National Institute of Standards and Technology) and develop an integrated information security program.
Perform a risk assessment of the organization’s information assets that prioritizes and corrects risks to systems and data.
Implement technical and physical controls to address cybersecurity risks (such as dual authentication and user access controls, encryption and system segregation.)
Establish an incident response plan, conduct a mock breach to test the effectiveness of the plan and correct any material deficiencies.
Develop a risk-based approach to managing vendors, auditors and other third-parties with access to systems, including ongoing due diligence and contract revisions.
Conduct employee and vendor training on the enterprise’s information security program.

"Companies and their boards of directors have improved their understanding of the risks of a cybersecurity attack and are beginning to address the issues," Wilson-Bilik said. Still, "much more needs to be done to bridge the gap between IT, legal and governance to reduce the real risk of a significant systemic outage."
Must Read: Jim Cramer: Palo Alto Networks Is the ‘Gold Standard’ of Cyber Security

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Warren Buffett Should Buy AutoNation Says Berkshire Hathaway Shareholder Mario Gabelli

Sunday, May 3rd, 2015

Warren Buffett should consider buying AutoNation (AN) to add to his portfolio of companies, says Mario Gabelli, Chairman and CEO of GAMCO Investors and Berkshire Hathaway (BRK.A).

How Investors Can Profit From the Growing Cyber Security Industry

Wednesday, December 24th, 2014

NEW YORK (MainStreet) – The rampant data breaches throughout the past year have spelled nothing but bad news for major corporations and millions of American consumers. Sony , Home Depot , Target , eBay and Apple  are among the victims, with their customers and users suffering compromised sensitive personal and financial information. But as anxiety has swelled especially over the busy shopping period, there’s a silver lining for investors: the opportunity to capitalize on the prevalent hacks by investing in cybersecurity. According to a PwC report from September, cyber hacks are increasing at 66% year over year, and cybersecurity investments are responding in kind: IDC is expecting the cyber security sector to have a 7% compound annual growth rate through 2017. "It’s a growth industry, so to speak," said Christian Magoon, consultant to the PureFunds ISE Cyber Security ETF , which launched Nov. 12 and is comprised of 30 holdings that are plays on cyber protection. Continue Reading on MainStreet

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Brandon Victor Dixon: Motown the Musical’s Tony Award-Nominated Star

Wednesday, February 19th, 2014

Brandon Victor Dixon shares his Broadway journey with TheStreet’s Cherella Cox.

Sundance is Fun if You Avoid That ‘Mountain Fever’

Thursday, January 23rd, 2014

For film executives, Sundance generates an excitement all its own, and with it, the lure of buying a movie that appears to be a breakout hit. Every distributor wants to find the next “Little Miss Sunshine,” though too often all they get is “mountain fever.”

Sales of Google’s Android Devices to Top One Billion in 2014

Tuesday, January 7th, 2014

Research firm Gartner predicts that sales of devices running Google’s Android operating system will hit 1.1 billion in 2014 — nearly a 26% increase from last year.

5 Dumbest Things on Wall Street: 2014 Predictions

Friday, December 13th, 2013

Maria’s Big Move, Volcker’s New View, Amazon’s Air Force, Brett Breaks Out and Loeb Goes Hollywood highlight Gregg Greenberg’s Dumbest Predictions List for 2014.

Xbox One Dominates PS4 on Black Friday

Wednesday, December 4th, 2013

Microsoft’s Xbox One outsold Sony’s PlayStation 4 at Wal-Mart and Target on Black Friday, according to analytics firm InfoScout.

Tech Stocks WhipSaw

Wednesday, December 4th, 2013

Tech stocks rallied early in the day, then gave back gains as the group struggles to move higher. Game consoles fight over bragging rights.

Xbox One Wins Launch Battle

Monday, November 25th, 2013

Twitter is filling up with reports of available Xbox One units on the shelf, but no PS4′s in sight. Microsoft wins product launch battle.

Upgrade Gets GameStop Going

Friday, November 22nd, 2013

Needham & Company upgrades GameStop from Hold to Buy, one day after the company issued a weak fourth-quarter guidance.

Xbox One Orders Double The 360

Thursday, November 21st, 2013

Xbox One pre-orders are double that of Xbox 360 according to Microsoft Chief Product Officer Marc Whitten. Supply is tight for the holidays.

Playstation vs. Xbox

Monday, November 18th, 2013

Playstation is first to market with its latest game console, with Microsoft’s Xbox coming out this week. Let the battle begin.

Jim Cramer’s ‘Mad Money’ Recap: Retail Earnings Ahead

Saturday, November 16th, 2013

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NEW YORK (TheStreet) — With the markets completing their sixth week in rally mode, Jim Cramer told his “Mad Money” TV show viewers Friday that next week’s earnings will set the tone for the rest of the year as many retailers will provide their last update before the holiday shopping season begins.

But before retail kicks into high gear, Cramer said he’ll be watching the DreamForce conference for all the latest from the tech sector and all the best the cloud has to offer. …

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Bulls Beating Bears

Friday, November 15th, 2013

The bulls are stronger than the bears as the rally continues says Jeff Weiss of Tejas Securities, while Brittany Umar says its game on.

Jim Cramer’s ‘Mad Money’ Recap: Next Week’s Game Plan

Saturday, October 26th, 2013

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NEW YORK (TheStreet) — This market just doesn’t know when to quit, Jim Cramer said on “Mad Money” Friday. That’s why Cramer’s game plan for next week’s trading includes a lot of bulls.

On Monday, Cramer said, all eyes will be on Apple , a stock he owns for his charitable trust, Action Alerts PLUS, and Herbalife . Cramer said things should be looking up at Apple with margins expanding, while Herbalife remains an activist investor battleground. …

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How to Replicate a Vermeer

Friday, October 11th, 2013

How to Replicate a Vermeer

Friday, October 11th, 2013

EA Names Andrew Wilson New CEO

Thursday, September 19th, 2013

TheStreet’s Chris Ciaccia details the landscape for Electronic Arts’ future with Andrew Wilson as CEO and whether investors should buy in.

Stocks Drop Ahead Of Jobs Report

Thursday, September 5th, 2013

Stocks are heading lower and bond yields higher as investors await jobs data. Blackberry preps for sale and Microsoft gives Xbox One date.

Power Up XBox IPO

Friday, August 30th, 2013

It might make sense for Microsoft to unlock the power of Xbox by spinning it off as an IPO. TheStreet team is game to look into the idea.

Wal-Mart Agrees to Improve Safety

Friday, August 9th, 2013

Wal-Mart agrees to improve safety conditions at more than 2,800 U.S. stores and pay $190,000 in a settlement with the Labor Department.

5 Dumbest Things on Wall Street

Friday, August 9th, 2013

Dell’s Straw Poll, Not-So Golden Grahams, First Solar Dims and Loeb Lays Low highlight Gregg Greenberg’s Dumbest Things this week.

Sony Says No to Loeb on Spinoff

Tuesday, August 6th, 2013

Chris Nolter, senior writer for The Deal, details Sony’s decision to turn down shareholder Dan Loeb’s entertainment unit sell-off proposal.

Cramer’s ‘Mad Money’ Recap: Once Hated, Now Loved

Friday, July 26th, 2013

Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.

NEW YORK (TheStreet) — Investors are like most TV watchers, always changing channels, Jim Cramer told his “Mad Money” TV show viewers Thursday. He opined about a multitude of stocks that were once hated but are now loved as investors have once again changed their minds.

No stock illustrates this move better than Facebook , a stock Cramer owns for his charitable trust, Action Alerts PLUS. Cramer said that after the worst IPO in history, Facebook has emerged as the king of mobile and social advertisers. He’s still a buyer of Facebook, along with Google . …

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